Following FBI Probe, Pensions Keep Watchful Eye on Investments
With investments in hedge funds under investigation following the probe by the US Federal Bureau of Investigation into insider trading, pension officials voice concerns.
Regulation
In Push for Greater Disclosure, SEC Implements New Rules for Hedge Fund Managers
The agency's provisions would implement provisions to the recently-enacted Dodd-Frank financial regulation reform law, which requires advisers to hedge funds and other private funds to register with the SEC.
Institutional Investors Win in Securities Fraud Suit Against BankAtlantic
The jury has ruled that executives at BankAtlantic Bancorp failed to alert investors about risks in its real estate loan portfolio as the US housing market faltered.
NAPF Says EU Plans Risk Undermining UK Pensions
Pension experts have warned that plans by the European Union to introduce new rules on pension funding run the risk of undermining pensions rather than strengthening them.
Germany's Largest Utility Focuses on Grids to Attract Pensions
Chief Executive Officer Johannes Teyssen revealed that E.ON wants to raise $20 billion through asset disposals by the end of 2013 to lure pensions looking for steady, inflation-protected returns electricity lines provide.
QE2: A Consultant’s Take on What It Means for Pensions
Investment consultants at Mercer, Rocaton, and Towers Watson share their views with aiCIO readers on the short and long-term impacts of the Federal Reserve’s second bout of bond purchases (QE2) for US pension funds and for the economy as a whole.
Strategic Insight on the Fed’s Quantitative Easing: Tricky News for Bond Fund Investors
Loren Fox, senior research analyst at Strategic Insight, says the Fed's attempt to use quantitative easing to boost the US economy will exacerbate concerns regarding bond mutual fund investors.
QE2 & Fixed-Income Heavy Portfolios
aiCIO Editor-in-Chief Kip McDaniel speaks with Bob Prince, co-CIO of Bridgewater Associates, and Bryan Belton and Eddie Qian of PanAgora on the Federal Reserve's second round of Quantitative Easing (QE2).
Sweden's AP1 Pension Sues BNY Mellon for $35.5 Million Loss
The pension is reportedly suing the firm for losses from an investment by the asset manager that went sour during the global financial crisis.
In Surprise Move, Canada Blocks BHP's Potash Bid
BHP has 30 days to appeal and convince the federal government that its offer is of “net benefit” to the country, at which point the government will make a final decision.
Oregon Sues Bear Stearns for $17 Million Over Losses
The state of Oregon is suing former financial giant Bear Stearns,
alleging the company issued misleading information about securities.
Former San Diego Officials to Pay Penalties in SEC Municipal Bond Fraud Case
Four former San Diego officials have agreed to pay financial penalties to settle SEC charges accusing them of misleading municipal bond investors about the city’s fiscal problems.
US Department of Labor Sues Investment Managers and Advisors Over Madoff Investments
New York-based Ivy Asset Management, Beacon Associates Management, J.P. Jeanneret Associates, Andover Associates Management and their principals have been sued by the Department of Labor for allegedly failing to examine swindler Bernard Madoff’s business practices and consequently losing millions in pension money.
US Department of Labor to Expand Definition of 'Fiduciary'
In an effort to protect participants from conflicts of interest and self-dealing, the Department of Labor (DoL) has proposed expanding its definition of the term "fiduciary" under federal retirement law.
Gubernatorial Candidate Bill White Says Texas Investments Politically Connected, TRS Denies
Bill
White, the Democrat challenging Gov. Rick Perry, has accused the
governor and his appointees of pressuring the staff of the Teacher
Retirement System (TRS) to pick investment companies benefiting Perry
contributors, yet an external investigative party has stated there are
no improprieties with respect to how the investment decisions at TRS were made.