Consultant Corner: Are Investment Consultants Ready for Dodd-Frank?
From aiCIO Magazine's February Issue: Investment consultants on their level preparedness amid a changing regulatory environment.
Regulation
Cuomo: Pension Reform in Budget Is Albany's Central Power Struggle
"There must be pension reform in the budget," New York Governor Andrew Cuomo has asserted, noting that "this is the central power struggle of Albany."
Ireland Asks OECD for Pension Review
The Organisation for Economic Co-operation and Development has been called in to review the Irish pension system as the Eurozone nation flounders in recession.
‘Disappointment’ in European Pension and Insurance Regulator
Disappointment and dismay as European regulator misses chance to make major changes to pension and insurance regulation.
Pension Funds Bring Class-Action Against E&Y Over Lehman
The Alameda County Employees’ Retirement Association has called for class-action status in a lawsuit with Lehman Brothers Holdings Inc.’s former auditor Ernst & Young.
Bill Calls for Higher Contributions for Federal Employees, an End to 'Hypocrisy'
The House Oversight and Government Reform Committee is considering a bill that would push Federal employees, including members of Congress, to contribute 1.5% more toward their pensions.
UK Pensions Lifeboat Boosts Agri-Alternatives
UK's pensions lifeboat has added agriculture and timberland to its alternatives roster.
Cali. Insurance Commissioner Still Permitted to Oversee State's Iran Biz
Newly settled litigation allows California’s top insurance regulator to keep tabs on the state's insurers’ investments in companies doing business in Iran.
Goldman Sachs Faces Dutch Pension Fund Suit Over Risky Mortgages
Dutch pension fund ABP is suing US investment bank Goldman Sachs for knowingly selling the scheme junk mortgages and providing misleading information.
New Financial Crimes Unit to Police Banks for Faulty Mortgages
The Justice Department is set to create a special unit to investigate abusive lending and packaging of risky mortgages, as part of President Obama's 2012 agenda.
Active Management Threatened By European Proposals
Proposed European regulation could call time on active fund management in the region and hit investors holding European assets.
Pension Investors Fear Impact of Dodd-Frank on Returns
Dodd-Frank may hurt investment returns for pension funds by shrinking OTC derivative markets and cutting opportunities for asset manager outperformance, public plan CIOs have warned.
Dutch Court Throws Lifeline for Non-US Class Action Lawsuits
Pension, endowment funds, and other international shareholders have a new avenue of enquiry to seek damages of alleged corporate fraud thanks to a European court decision.
Diamondback Dodges Criminal Charges, Resolves Insider Trading Case
Diamondback Capital Management has agreed to pay more than $9 million to settle allegations of insider-trading at the hedge fund.
‘Bureaucracy Trumps Common Sense’ in UK Government Pension Proposals
Proposed pension regulation changes for UK companies are unnecessary and come at the worst time for occupational funds, experts have warned.