Senators Urge CalPERS, CalSTRS to Boycott Russia
Russian anti-gay laws push senators to demand investment action from US pension funds.
Regulation
Court Rejects Retired GM Execs’ Claim for Larger Pension
The Court of Appeals has ruled in favour of General Motors on a provision which cuts executives’ pensions by two-thirds.
Plan Sponsors: The Forgotten Backstop
As Detroit seeks bankruptcy protection, one of Russell Investment’s top strategists asks what happened to the role of plan sponsors as pensions' guarantor?
Regulator Has NY Pensions in its Sights
A close eye is being cast over New York's pension funds.
SEC: How to Limit Systematic Risk in Financial Markets
Revamping ratings agencies, volatility “speed bumps,” and robust IT: Regulator head Mary Jo White testifies on mitigating risk, SEC-style.
Are Private Equity Partners Responsible for Unfunded Pensions?
A Massachusetts judge has ruled in a widely watched case, overturning a previous decision.
Libor Filings are Just a Way to Make Small Law Firms Look Busy, Claims Lawyer
A Labaton Sucharow partner has warned pension funds seeking damages in court for Libor losses that the effort it takes often outweighs the possible settlements.
Institutional-Grade Lawsuits: Fewer Dismissals, Larger Settlements
Institutional investor-led securities class action cases tend to fare better than the average suits, according to Stanford Law School research.
Political Bust-Up Over Financial Transaction Tax
Just because the FTT is difficult to implement doesn’t mean it should be rejected, UK government told.
Lehman, Nortel, and a More Certain Future for Bankrupt Company Pensions
The UK’s Supreme Court has ruled that the UK’s Pensions Regulator does not have priority over other creditors when a company becomes insolvent.
Houston, We Have a Libor Problem
Houston and Sacramento County join the swell of cities suing banks for Libor manipulation.
New Auditor Rules to Promote Effectiveness
Auditors must be reviewed every five years, the UK’s Competition Commission has declared.
SEC Lets Kentucky off the Hook Over Placement Fees
After a multi-year inquiry, the regulator will not charge Kentucky's pension system with any violations over the millions it has paid indirectly to placement agents.
Are Hedge Funds AIFMD Ready? Er, No.
Preqin research finds 78% of hedge fund managers are still not compliant with forthcoming AIFMD regulations.
FX, Lies, and Marked-Up Rates
Or no lies, according to two judges who have thrown out pension-led cases against custodians JP Morgan and BNY Mellon over foreign exchange trades.