Is Smart Beta Safe? Regulators Set Sights on New Indices
The popularity of “alternative beta” strategies has begun to attract the attention of financial watchdogs on both sides of the Atlantic.
Regulation
A New Money Market Fund Model
A paper published by the European Central Bank suggests how fund managers could avoid another run on the money markets.
What Ponzi Schemes Can Teach Investors
Research into a Finnish fraud shows how investment ideas—both good and bad—can spread.
European Investors Join US Peers to Take on Tesco over Accounting Failures
The grocery giant faces legal action on both sides of the Atlantic.
Biggest Hedge Funds Pose Worst Systemic Risks, Says Fitch
The ratings agency calls for international regulators to simplify the scope of their “too big to fail” proposals for asset managers.
BNY Mellon to Pay $714M in FX Charging Settlement
The bank was accused of overcharging clients for foreign exchange trades and pocketing the profits.
Participants Not Sole Consideration, CIOs Warned
It’s no longer as simple as upholding the financial interests of a pension fund’s members.
Should Sponsors Cut Dividends to Close Pension Deficits?
Current reporting rules could mean deficit problems “fester for too long”, warns the International Accounting Standards Board’s chairman.
Ex-CIO Guilty Plea Not Enough to Secure Insider Trading Conviction
Prosecutors still want former Wyoming CIO John Johnson to stand trial and believe there is enough evidence against him.
Why a $100B Fund Is Too Big to Fail
Global regulators have taken a major step forward in designating the world’s biggest asset managers and investment funds as “systemically important financial institutions”.
FASB to Revamp E&F Reporting Standards
The overhauled financial statements would improve transparency, the group argued, particularly on nonprofits' liquidity and net investment income.
Aviva Investors Fined £17.6M over ‘Cherry-Picking’ Trades
Two former bond traders exploited “weaknesses” in the asset manager’s systems and controls to increase their take of performance fees.
Swedish Pensions Condemn Reforms after Stellar Year
Public pension executives are still waiting for government action after promised reforms were pushed back.
NZ Super to Sue over Portuguese Banking Loans
The $20 billion pension is taking action after the collapse of Banco Espirito Santo last year.
Pension Funds Question KKR’s Fee Transparency
The private equity giant refunded certain fees following a US Securities and Exchange Commission examination, but some pensions reportedly discovered the true circumstances only through media reports.