Bye-Bye Bonus? Regulator Cracks Down on Fund Manager Pay
The European regulator has got serious on protecting investors from fee-swindling practices.
Regulation
SEC: Detroit Pension Adviser Steals, Repays $3.1 M After Mall Spree
MayfieldGentry Realty Advisors has agreed to return the millions it allegedly siphoned from Detroit’s police and fire pension fund in order to buy shopping properties, the SEC says.
Fitch Downgrades Illinois over Pensions Mess
Time ran out on a pensions deal, and a ratings agency didn’t like it.
Smoothing Framework Hits Dutch Coverage Ratios
A fall in the three-month average in interest rates has resulted in higher liabilities for Dutch schemes, putting them in the firing line of the regulator.
Last Chance Saloon in Illinois
…and then there was only one option on the table.
Controversial European Tax to be Watered Down
European Commission concedes compromise on Financial Transaction Tax is inevitable.
TIAA-CREF Escapes Shareholder Vote on Israel Divestment
A Palestinian activist group’s proposal to bar CREF from stock of companies involved in Israeli West Bank settlements does not have to go to proxy vote, the SEC has decided.
Are You Obsessed with Central Banks? BlackRock Thinks So
Central bank action has manipulated markets – is it time to take a step back and take stock?
Illinois Pension Proposal: Solution or Unconstitutional?
The drama continues in Springfield, IL.
European Pensions Slip the Solvency II Noose (For Now)
Michel Barnier offers breathing space to European pensions – but the issue had not been completely vanquished.
Irish Government Slammed for Failing Pension Funds
Pension funds on the Emerald Isle are in a fix – and the government isn’t helping.
CalPERS Claims Legal Team “Raided” by Bankruptcy Opponent
A law firm representing an adversary in the Stockton and San Bernardino bankruptcy cases has allegedly poached at least four members of the pension fund’s legal team.
Actively Managed Pension Funds Could Be Reduced By 8% Under FTT Proposals
The European Commission’s proposed Financial Transaction Tax faces another grilling from a financial markets lobbying group.
More Money to Roll in to Australian Supers
More than half of employers do not yet have a plan for funding the soon-to-be higher required contributions.
NYCERS Joins LACERA, Others in Suit Against BP
All together now: Various suits against BP claiming investment losses due to the oil spill have been consolidated under one Texas court case.