Liquidity Crisis? We Can Cope, Say Managers
A report claims existing rules are sufficient to manage falling asset liquidity if combined with additional tools.
Regulation
Europe Waters Down Unpopular Pension Solvency Rules
A proposed funding regime has been abandoned in favor of a reporting tool and scenario testing—but pension funds are still not happy.
SEC Levels Fraud Charges at Ex-ConvergEx Transitions Chief
Khaled Bassily is accused of helping conceal extra charges within transition management fees.
How Much Does Poor Compliance Cost?
As regulators crack down on enforcement, investors need robust compliance structures to avoid expensive fines, according to the Regulatory Fundamentals Group.
Closet Indexers, Expect a Call from Regulators
A small sample of mutual funds reviewed by the UK watchdog found several shortcomings from asset managers.
New Fiduciary Rule to Have Minimal Institutional Impact
The US Department of Labor’s final “conflict of interest” rule will not significantly affect fiduciaries already operating under ERISA.
PIMCO: Bill Gross ‘Freely and Knowingly’ Forfeited Compensation
In a formal response to Gross’ $200 million lawsuit, PIMCO accuses the former CIO of a “disruptive and unacceptable course of conduct.”
Louis Bacon’s Family Foundation Allegedly Conned by PE Exec
The Moore Charitable Foundation said it fell victim to Park Hill Group ex-Managing Principal Andrew Caspersen’s $95 million fraud.
Park Hill Ex-Partner Charged with $95M Fraud
Andrew Caspersen allegedly scammed a charitable foundation and a private equity firm with phony investments, according to US prosecutors.
European Pensions Plea for Political Help
Only high-level action can help the continent’s ailing pension system combat negative interest rates, asset owners say.
Russell: DC Lawsuits Pushing Fiduciaries to OCIO
As lawsuits hit some of the largest 401(k) plans, sponsors may be looking to outsource more fiduciary responsibilities.
Bill Gross Lawsuit Contains ‘Sufficient Facts’, Judge Rules
Bill Gross’ $200 million suit against PIMCO can now head to court.
The SEC’s New Co-Chief of Asset Management Enforcement
Insider Anthony Kelly replaces Julie Riewe, who left to become a partner at regulatory defense law firm Debevoise & Plimpton.
Who Needs Daily Dealing?
Leading investors challenge the UK regulator to look again at the rules regarding daily pricing at the Pension and Lifetime Savings Association’s conference.
Moody’s to Pay CalPERS $130M for 'Negligent' Ratings
The ratings agency was sued by the country’s largest public pension for investment vehicle grades issued prior to the financial crisis.