Visium Managers Charged in Major Insider-Trading Case
The $7 billion hedge fund traded on private drug approval info, the SEC alleges.
Regulation
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.
UK Regulator Hires Former Asset Manager Industry Chief
Daniel Godfrey was forced out of the Investment Association in October.
Citi Fined $425M Over Benchmark Manipulation
The US Commodity Futures Trading Commission charged the bank and its Japanese branches with rigging interest-rate benchmarks.
Bank of America Accused of Misleading PIMCO, Blackstone
A gender discrimination suit by a female managing director alleges that the bank engaged in unethical and illegal behavior.
The Pension Pros (and Cons) of Brexit
As the June 23 referendum on EU membership looms, pension funds stare down the short- and long-term concerns with a breakup.
SEC Joins FBI in Transition Management Charges
The US regulator follows Massachusetts’ state attorney and the FBI in charging ex-State Street exec Ross McLellan with fraud.
SEC Director Hails ‘Real Change’ on PE Fees
The division of enforcement’s Andrew Ceresney discusses efforts to increase transparency in the industry.
Liquidity Crisis? We Can Cope, Say Managers
A report claims existing rules are sufficient to manage falling asset liquidity if combined with additional tools.
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.