Japan Pension Wants United Fund
Takahiro Mitani, president of the world's largest pension fund, says
splitting the fund in two would be inefficient.
Regulation
Mutual Fund Firms Thrown Back Into Uncertainty With Passing of Byrd, Reversal of Brown
The death of Senator Robert Byrd and the wavering Senator Scott Brown may delay the approval of Wall Street overhaul rules, which has been a top priority for President Obama.
SEC to Restrict Pay-to-Play After Industry Abuses
US
regulators are likely to restrict investment advisers from giving money
to politicians to win pension business after pay-to-play scandals.
What Obama’s DB Funding Relief Bill Means for Asset Owners
President Barack Obama signs legislation that offers funding relief for DB pensions; broader financial reform bill exits House-Senate committee, awaits final vote.
New York Pension Is Mulling a Lawsuit Against BP
The state's $132.6 billion fund holds 17.5 million shares of BP,
which yesterday closed at $31.71 a share -- down from $60.48 the day of
the disaster.
Mercer Settles Alaska Pension Suit for $500 Million
The
Alaska Retirement Management Board blamed Mercer for unfunded
liabilities.
Former Hevesi Aide Led $35 Million Fraud Scheme, Cuomo Says
On Monday, New York's
attorney general said in court papers that just because "everybody does
it" in Albany, doesn't mean corruption is
legal.
Growing Pressure to Tighten ESG Pension Rules Following Gulf Disaster
BP’s oil fiasco has pushed lobbyists in the UK to urge pensions to disclose what environmental, social and governance (ESG) issues are taken into account in their investment policy.
CalSTRS Sues Massey Energy
The California State Teachers’ Retirement System has joined forces
with Amalgamated Bank and Manville Trust to file a lawsuit against
Massey Energy for alleged safety misconduct.
Bad News for Public Pension Funds and Taxpayers
The Government Accounting Standards
Board will be releasing a preliminary views document later this month
that may shock public pension systems and the taxpayers who fund them.
CalPERS Claims Goldman Concealed SEC Probe
Mounting problems for Goldman: CalPERS claims that when Goldman
applied with the fund to become a real estate investment consultant, it
misled the fund about it's legal status, specifically stating that it
was not "the target of a formal investigation."
Charles Millard, Former PBGC Head, Exonerated
Charles Millard, who had been suspected of improper dealings with financial firms doing business with the PBGC, has been exonerated of all charges.
Key EU Committee OKs Hedge Fund Clampdown
The decision by European lawmakers
likely will accelerate a wider regulatory overhaul of financial
services.
Survey: Pensions and PE Have Misaligned Interests
A survey from IE Consulting
shows a majority of pensions believe misalignment of interests with
their private equity managers (GPs) had become more apparent during the
crisis.
SWFs Caution Against Investment Restrictions
Uncertainty is affecting investment policy and combined with the
recent heightening of sovereign risk, is resulting in a highly complex
operating environment for sovereign funds.