Where are Fiduciary Standards in Financial Markets?
Who is willing to put investors’ interests before their own? Not enough people in finance, in one leading academic’s view.
Regulation
US Government Joins Pensions to Pursue Ratings Agency
Political heavyweights join the hunt for redress against rating agencies’ actions.
Irish Pension Harboring Concerns Over ‘Quality of Governance’ at State Street
State Street's future as a passive manager for Ireland’s National Pensions Reserve Fund is still up in the air, the fund's former investment chief John Corrigan told a parliamentary committee.
Investors Shying Away From Securities Fraud Class Actions
The number of new federal securities fraud lawsuits seeking class-action status has fallen to a 6-year low in 2012, a study by Stanford Law School and Cornerstone Research has shown.
Unchanged Inflation Index Pushes Hedging Costs Higher
Most thought inflation measurements were in line for change in the UK – they are not, and now pension funds could pay the price.
PIMCO: Wise Moves for Bernanke in 2013
Federal Reserve Chairman Ben Bernanke’s term ends in January 2014, and it is unclear whether he will stay on for another--so what should be on his to-do list?
A Bond Market Boon From Basel?
Banks have more breathing space for their capital buffers and an unloved security could find new favour as a result.
Illinois Lawmaker Calls 100% Pension Funding ‘Impossible’
State legislators are locked in last minute negotiations to reform the impoverished pension system before the end of the legislative session.
Pension Giant Welcomes Increased Alternatives Oversight
Pension funds are allocating more assets to alternatives – but are they monitoring their exposure correctly?
How GASB Rule Changes Will Impact Pensions
A 'sea change' is on the horizon in public pension reporting, according to a newly released paper by Michael Moran of Goldman Sachs Asset Management.
The Fed Keeps Interest Rates in the Doldrums: Investors React
The Federal Reserve has said that it plans to maintain interest rates ultra-low--and many investment consultants support the decision.
SEC Fines HF Manager $44M for Alleged Illegal Trading of Chinese Stocks
The US Securities and Exchange Commission has charged the manager of two US hedge funds with insider trading involving Chinese bank stocks.
San Bernardino Bondholders Take on CalPERS in Court
Bondholders are protesting against CalPERS' demands for first dibs on the bankrupt city's remaining assets.
ABP Targets More Mortgage-Backed Securities Settlements
The largest Dutch pension fund has settled a legal battle with one Wall St. giant and has more in its sights.
First There Was the Libor Scandal…
...now the European lending rate is under fire from regulators.