The agencies all gave "triple-A" ratings to several structured investment vehicles that collapsed in 2007 and 2008.
Auditors found that PBGC, which protects workers’ benefits when a company defaults on its pension plans, suffered from a "material weakness," the accounting equivalent of an F grade.
US pension funds and other shareholders have aggressively sued Goldman Sachs in the wake of SEC fraud charges, but the Oracle of Omaha defends the bank's credibility.
District Judge Stephen Pfeffer dismissed the pay-to-play lawsuit filed by Frank Foy, former CIO for the New Mexico Educational Retirement Board.
The nation's oldest and richest university entered the $500 million credit default swap market.
While the California fund giant is hoping to win fee cuts from other private equity firms after Apollo Global Management agreed to trim $125 million in fees, CalPERS' CIO is pressing for finance overhaul to stop the casino atmosphere on Wall Street and restore confidence.
The FSA has probed the specialist insurer and pension buyout firm to explain its investment strategy.
Onyx Capital Advisors, a firm that invests in small and medium enterprises in the Midwestern and Southeastern US states, and its founder have been charged with fraud for stealing millions of dollars from Detroit pension funds.
Public pension funds around the country are reviewing their relationships with Goldman Sachs Asset Management.
Ahead of Tuesday hearings on the 2008 collapse of the banking giant, state records show Ohio pensions suffered hundreds of millions of dollars in losses.
The Democratic chairwoman’s proposals support financial reform of derivatives by putting them on exchanges, which has encountered opposition from banks that make billions in transaction fees on derivatives every year.
State senators have proposed changes to Missouri's pension system which could save the state an estimated $314 million over five years.
Australia’s superannuation industry has responded negatively to the Cooper Review's recommendation of low-cost funds for disengaged investors.
Some firms say that lucrative commissions paid only for favorable results is a “system that invites corruption,” yet others say placement agents play a useful role.