Hedge Fund Margins Squeezed by Compliance Costs
The vast majority of the $3 billion spent industry-wide on compliance has come out of managers' bottom lines, according to a survey.
Regulation
ConvergEx, SEC Nearing Settlement Over Transition Management Scandal
The broker is in advanced talks with regulators as they prepare charges over its alleged fleecing of transition management clients, according to the FT.
Endowments, Foundations Struggle to Self-Govern
Investment outsourcing could remedy some difficulties, an SEI survey has suggested.
Managers Optimistic About US Economy Despite Political Deadlock
A survey showed most investment managers found US economic growth to be “resilient” regardless of budget struggles and the Fed’s possible taper.
US Treasury Sees 'Systemic Risk' from Asset Managers
Leverage and herding behavior could pose serious risks to broader financial security, the US Treasury Department has warned.
Many SWFs Still Bound to Politics, Study Finds
GeoEconomica found that only a third of 26 sovereign wealth funds of the Santiago Principles’ signatories passed the test of good governance, transparency, and accountability.
Louisiana Pension Sues Over 'See-Through' Yoga Pants
A class action lawsuit has been filed against the famed yoga wear company for allegedly hiding fabric defects which did little to hide wearers' behinds.
What Would a US Shutdown Mean for Investors?
How the Securities and Exchange Commission is preparing for a government closure.
Infrastructure Investing Isn’t Homogenous—So Why are the Solvency Rules?
Investors concerned by Solvency II’s broad-brush approach to infrastructure take heart: there’s a fight on to change the regulator’s mind.
Indiana Pension’s Outsourced Annuity Plan Rankles Lawmakers
The retirement system’s decision to hire a third-party, private-sector annuity provider has left some legislators questioning whether the fund is fulfilling its mandate.
Detroit Pension Denied Bank Redress
A multi-million dollar fraud claim has fallen on deaf ears.
Despite FX Lawsuit, Florida SBA Rehires Custodian BNY Mellon
BNY Mellon is expected to handle Florida’s $166 billion in assets for another five years.
The Politics of Pensions
State lawmakers' voting records show that until 2009, Republicans and Democrats alike supported boosting pension benefits more than 90% of the time.
US Labor Department Approves Provocative AT&T Deficit Deal
The telecommunication giant will put up to $9.5 billion of preferred equity into its pension plan.
Another Day, Another Cut Lifeline for Illinois’ Public Pensions
The summer break has done nothing to draw attention away from mounting pension debt in Springfield, IL.