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.
The China Investment Corp (CIC) has cut the amount of new funding its requesting from the government in half.
Standard & Poor's, Moody's win dismissal of a suit that involved the sale of more than $60 billion in mortgage-backed securities.
The Financial Industry Regulatory Authority (FINRA) is ready to act on rules to be in place this year.
Timothy P. Cahill's tarnished reputation may be a result of misunderstanding and attempts of political influence.
The Department of Justice is scanning investment transactions of public pensions.
While the scope of financial regulation varies from Europe to America, electoral politics seem likely to shape eventual market changes after the Great Recession.
Timothy P. Cahill is criticized for accepting more than $100,000 in connection to an investment manager who has been allotted hundreds of millions of dollars in state funds to invest since Cahill became treasurer in 2003.
The former chief political adviser to ex-New York state Comptroller Alan Hevesi said the indictment against him should be dismissed.