Court Ruling to Balloon Oregon Pension Liabilities
A 2013 change to the public pension’s index-linked policy was deemed illegal by the court.
Regulation
Lobby Group Urges European Pension Rules Rethink
Low rates and yields mean it is time for rule-makers to adapt their policies, says a Europe-wide industry action group.
Ex-Wyoming Pension CIO Avoids Jail Time for Insider Trading
John Johnson has been sentenced to supervised release and community service for illegal activities committed before his tenure as a public fund CIO.
BlackRock Fined $12M Over Conflict of Interest Claim
The world’s largest asset manager failed to disclose an ex-manager’s personal holdings in a company he invested in for BlackRock, the SEC said.
BNY Mellon Fined £126M for Custody Failings
The world’s largest custodian has been criticised by the UK financial regulator for “serious failures”.
UN Pension CEO Rebuffs Fraud Allegations
Sergio Arvizú has called staff and union heads’ accusations baseless, slanderous, and a “smear campaign.”
IMF Calls for Fund Manager Stress Tests
“Weak” supervision of asset managers needs to be addressed, particularly regarding liquidity, the IMF has argued.
Swedish Public Funds Drop Stocks over Ethics Concerns
The AP funds’ Ethics Council has given up asking three companies to change.
Securities Lending 'No Barrier' to Shareholder Activism
Investors prefer to lose lending income rather than forfeit their proxy votes, academics have found.
UN Pension Accused of ‘Massive Fraud’
The fund CEO allegedly tampered with documents and attempted to hire a 90-year-old, according to UN staff and union heads.
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.
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.