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.
Regulation
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.
Ex-BlackRock Star Fund Manager Arrested Over Insider Dealing
Mark Lyttleton arrested by the City of London Police as part of a market abuse probe.
UK Regulator Offers Help For Struggling Employers
A softer approach results in calls for greater flexibility from trustees.
Ex-Hedge Fund Boss Pleas for Gentle Insider Trading Sentence
Anthony Chiasson, the co-founder of Level Global Investors, was convicted in December of insider trading Dell stock on a private tip.
OECD: Greater Flexibility on Irish DB Payouts Needed
Thinktank calls for cuts for pensions in payment to be considered.
ABP Settles RMBS Suit with Goldman Sachs
ABP settles the last in a series of cases brought against investment banks over mortgage-backed securities sales.
Montana Public Pension Safe after Republican Push for DC
Higher contributions and potentially lower benefits, but DB lives on in Big Sky Country.