As part of the recovery of funds that were frozen in an investment fraud case in New York, more than $215 million in Iowa public employee retirement funds have been transferred to the state.
Massachusetts Secretary of the Commonwealth William F. Galvin is looking into the third-largest custody bank over its handling of foreign-exchange transactions.
Pacific Alternative Asset Management Co. will not face a Securities and Exchange Commission enforcement action over its relationship with Paloma Partners' Donald Sussman.
The largest US public pension has said Goldman Sachs Group Inc.'s payment plan for Lehman Brothers Holdings Inc. treats pensions and retirees who own Lehman bonds "unfairly."
In a bid to enhance Australia's reputation as a foreign investment destination, the Australian government is considering rules that would give foreign government-owned funds a tax break.
The Federal Energy Regulatory Commission (FERC) has fined Brian Hunter, once one of the most renowned energy traders, $30 million for his role in a scheme that manipulated prices in the natural gas futures market.
The $2.4 billion Detroit General Retirement System, the $3.4 billion Detroit Police and Fire Retirement System, and four individuals, including the chairs of both boards, have sued Michigan Gov. Rick Snyder over emergency powers.
A Senate panel has released a damning report accusing Goldman Sachs of engaging in conflicts of interest, flooding the financial system with risky mortgages, and violating fiduciary duties to shareholders.
Proposed European Union plans to implement a uniform set of scheme funding rules across Europe would force schemes to pay deficits faster, Towers Watson has found.
Following the decision by two of the US's largest pension funds -- CalPERS and the Florida State Board of Administration -- to publicly vote against BP at its annual general meeting, FairPensions, a UK-based advocacy group, has asserted that while US investors are happy to voice their intentions, few investors in the UK are doing so.
Breaching its fiduciary responsibility to clients in a "blatant disregard of this fundamental duty," JP Morgan knowingly profited from a troubled investment vehicle, according to a class action suit filed on behalf of several pension funds and obtained by The New York Times.
Lehman Brothers Holdings, which went bankrupt September 2008 with $639 billion of assets, is asking a judge to delay a liquidation plan hearing drawn up by bondholders including CalPERS and the hedge fund Paulson & Co.
A feeder fund that invested in the Ponzi scheme of Bernard Madoff has sued the Abu Dhabi Investment Authority to try to recover $300 million in redemption payments, Bloomberg is reporting.