UK Watchdog Turns Spotlight on OCIO
A review of asset management competition will include an investigation into potential conflicts of interest for investment consultants.
Regulation
Aviva Analyst Fined, Banned for ‘Cherry-Picking’
The staffer “exploited weaknesses in the trading systems and controls” on Aviva Investors’ bond trading desk.
Campaigners Slam UK for ESG Failure
The government has rejected proposed rules requiring pension trustees to monitor the financial impact of ESG risks.
PIMCO Hits Back at Gross Lawsuit
The Newport Beach investment giant has questioned the grounds of its former co-CIO’s $200 million legal complaint in its official response.
Tie Bonuses to Gender Balance, UK Finance Firms Told
No women could equal no bonus for finance firm bosses in the UK, if proposals in a new government-backed report are adopted.
Fenway Partners Fined $10M for Conflicts of Interest
The SEC says the company and executives breached fiduciary duty in the latest of its investigations of private equity firms.
CIEBA Labels Premium Hikes a Threat to PBGC, Pensions
The US corporate pension industry group opposes the federal budget deal that would further raise insurance premiums for its dwindling members.
The 'Vicious Cycle' of PBGC Hikes
The budget bill's new round of premium increases could mean PRT, freezing plans, or the end of DB as we know it, according to experts.
AP Funds Unite to Condemn Swedish Pension Reform
Proposed changes to Sweden’s public pension system are “ill-defined and bureaucratic”, fund leaders say.
SEC Head Talks Hedge Fund, Private Equity Regulation
Chair Mary Jo White named improper fee and expense practices as one of the US regulator’s primary targets.
California Lawmakers Force Coal Divestments
CalPERS will engage with coal companies about climate change risks after a bill was signed into law this week.
Transparency Rules Could Hinder Fund Capacity, Moody’s Warns
Proposed rules for securities trading in Europe could pose big problems—and costs—for fund managers.
Blackstone Pays $39M for Fee Disclosure Failings
The world’s largest private equity firm failed to reveal accelerated monitoring fees and discounts on legal fees to investors, the SEC said.
Questions Raised Over UK Public Pension Reform
Lawyers and unions have raised concerns as the UK chancellor confirms plans to radically overhaul UK public pensions.
Activist Hedge Funds’ Transparency Problem
Academics warn of subtle but potentially damaging effects of activist investment.