Poor safety records in regards to the April 5 explosion in West Virginia that killed 29 men and injured two have incited Massey Energy Inc. shareholders to rebel against the coal company.
New York Attorney General Andrew M. Cuomo's civil suit against Ivy Asset Management and two senior executives puts asset managers on the hot seat, yet the execs say they plan to fight the allegations.
Barbara Novick at BlackRock said the new regulatory-overhaul legislation would be the poster child for unintended consequences.
Alfred R. Villalobos, a former CalPERS official accused of serving as a placement agent, denied fraud accusations in a statement yesterday, saying the attorney general's suit against him was filled with significant factual errors.
The largest U.S. public pension fund said it believes if the Goldman chair is not the CEO, the board may be able to exercise stronger oversight of management; Goldman CEO Lloyd Blankfein faced shareholders at the annual meeting Friday in New York.
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.