Who Needs Daily Dealing?
Leading investors challenge the UK regulator to look again at the rules regarding daily pricing at the Pension and Lifetime Savings Association’s conference.
Regulation
Moody’s to Pay CalPERS $130M for 'Negligent' Ratings
The ratings agency was sued by the country’s largest public pension for investment vehicle grades issued prior to the financial crisis.
European Pensions Warn of Impending Liquidity Crisis
Forcing pension funds to post cash collateral on derivatives will backfire, APG and PGGM contend.
CalSTRS to Sue Volkswagen Over Emissions Scandal
The $179 billion pension will take part in a suit accusing the firm of threatening long-term shareholder value.
Pensions Hit Back at Proposed Ban on Divestment
The UK government wants to restrict public pensions’ ability to include non-financial factors in their decision making.
SEC Examining Carlyle, Apollo Fee Practices
The US regulator made “informal requests” for more information regarding the two private equity firms’ fees and expenses.
Kentucky Pension Fights to Retain Control of Governance
Proposed legislation would give state government the final say on trustee selection, staffing, promotions, and provider contracts.
Carlyle Accused of Fraud by Ex-Employee
A former portfolio manager claims he was fired for blowing the whistle on “crazy” and “irresponsible” investments.
Morgan Stanley Pays $3.2B in MBS Settlement
The bank admitted to securitizing mortgage loans with full knowledge of their “material defects.”
Former London Whale Boss Fined $1M
Achilles Macris allegedly failed to be “open and co-operative” with the UK’s financial watchdog.
SEC, Regulators Probe Ex-Hedge Fund BlueCrest
The hedge fund-turned-family office has received “a number of inquiries” since announcing it would return $8 billion to investors.
Taking the Guesswork Out of Private Equity Fees
After years of pushing private equity firms to change, investors finally have a clear set of demands.
Record Fines for Barclays, Credit Suisse Over Dark Pool Violations
The two firms will pay more than $150 million to the SEC and New York Attorney General’s office for allegedly misleading investors.
UK Public Funds Target Pooling Savings
£300 million or more could be saved through ambitious collaborative projects, UK public pensions say.
Cohen Builds Out Family Office, Eyeing Possible Return
The former hedge fund firm turned family office is back with a London base, while a deal with the SEC "opens a path to raising outside capital" in the future.