A Derivative Dilemma
Post-crisis rulebook updates are raising hedging costs on both sides of the Atlantic.
Regulation
UK’s FCA Blasts Investment Consultants
Consultants put too little weight on manager fees and fail to identify managers that offer better returns, the Financial Conduct Authority said.
UK Watchdog Lays Down Transaction Cost Rules
Asset managers must calculate and communicate transaction costs to pension investors, says the UK’s Financial Conduct Authority.
Och-Ziff to Pay $400M to Settle Bribery Charges
The hedge fund group made “illicit payments” to African officials for access to mining assets and to encourage investment in Och-Ziff funds, the SEC alleged.
Hedge Fund Billionaire Leon Cooperman Charged with Insider Trading
Leon Cooperman and Omega Advisors allegedly profited from nonpublic information, the SEC claims.
NEPC Defends Litigation-Ridden University DC Plans
Many features college DC plans are sued over are a source of guaranteed retirement income—solutions regulators and legislators are actively seeking to add to 401(k) plans, the consultant argued.
Apollo Fined $53 Million Over Fees
The US Securities and Exchange Commission said the private equity firm failed to properly disclose conflicts of interest to investors.
Columbia Latest University to Face DC Lawsuit
The New York City-based school has been sued for $100 million for underperforming funds.
Steven Cohen Barred From Commodities Until 2018
Another US regulator adds to the restrictions faced by the hedge fund manager following insider-trading charges.
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.