Steven Cohen Barred From Commodities Until 2018
Another US regulator adds to the restrictions faced by the hedge fund manager following insider-trading charges.
Regulation
Yale, MIT, NYU Sued Over DC Fees
Each of the three universities is facing litigation over “excessive” fees in their employee retirement plans.
State Street to Pay $530M to Settle FX Charges
US authorities have claimed State Street made “substantial profits at the expense of its custody clients.”
Public Funds ‘on the Hook for Excessive PE Fees’
Public pensions must shoulder some of the blame when it comes to paying high fees for private equity, a law professor argues.
Latest DC Lawsuit Target: New York Life
A class action lawsuit accuses the insurance company of using a fund with “excessive” fees.
Canadian Pension Model 2, Critics 0
Contentious debate failed to derail CPPIB’s expansion or a new public pension giant’s creation.
Waking Up to a Different Europe
How European asset owners responded to the biggest political shock to the continent in years.
The SEC’s New Enforcer
A private-equity fee investigator has been named asset management co-chief, shedding light on the regulator’s priorities.
The Brexit Skeptics
The referendum was “advisory,” not binding, as Cambridge Associates points out.
Accused Hedge Fund Manager Found Dead
A Visium PM was found dead Monday following insider trading charges. The $7 billion fund will shut down.
Visium Managers Charged in Major Insider-Trading Case
The $7 billion hedge fund traded on private drug approval info, the SEC alleges.
Heads of Sin-Focused Hedge Fund, Prison Pension Arrested
Charged with fraud, NY’s correction officers’ fund chief faces 40 years in his own members’ lockup.
SSGA Chief Calls Out American Retirement Crisis
Auto-enrolment and auto-escalation in DC plans could reduce Americans’ retirement shortfall by as much as $740 billion, CEO Ron O’Hanley has argued.
Private Equity Distressed Specialist Fined Over Fees
Blackstreet Capital charged LPs for unsanctioned services—entertainment, donations, brokering—the SEC alleges.
Ex-CalPERS CEO Sentenced to Prison
Fred Buenrostro will spend four and a half years in jail on bribery charges after confessing to a pay-to-play scheme.