Dark pools, often a place for institutional investors to trade anonymously in large quantities, are now under pressure from the SEC.
Following scandal at New York’s Common Fund and CalPERS, former Chairman Arthur Levitt is calling on President Obama to launch a countrywide investigation into middlemen and public pension funds.
A study by Charles River Associates states that European pensions could see limited investment options and weaker returns due to the draft directive on alternative asset management.
Moving his gaze from placement agents to the men and women who can exert uninhibited control over state pension systems, New York Attorney General Andrew Cuomo moves to curtail the power of sole trustees.
Brazilian pension funds will now be able to move out of their traditional government and corporate debt holdings and into other, more esoteric, investments.
Regulation is a certainty in many different niche financial markets, and so it was only a matter of time before the SEC turned its gaze toward securities lending, which saw seemingly risk-free practices turn risky in 2008.
With higher-margin services on the decline, European custodians have started to raise basic rates, and the trend is expected to continue if proposed depository rules are enacted.
Despite internally acknowledging that some of their CDOs were “crap” and “vomit,” UBS still sold such instruments to unwitting investors—and now are being sued for doing so.
Institutions, despite being offered greater voting power in recent London proposals, are balking at a two-tiered shareholder system.
With European regulators looking to tighten the alternative investment collar, UK pension funds – who now, more than ever, need the excess returns that alternatives are purported to provide – have stepped into the battle.