PIMCO's El-Erian Envisions a European Recession
According to PIMCO's Mohamed El-Erian, European growth will stall over the coming year as volatility will persist.
Regulation
Despite Position as LDI Frontrunners, Dutch Pensions Suffer Severe Drop in Funding
Dutch schemes have suffered an 11% drop in funding as a result of poor market performance and increased interest rates, according to De Nederlandsche bank (DNB), the Dutch pension regulator.
Operation Twist Leads Fed to Move $400 Billion to Long-Term Holdings
The Federal Reserve Open Market Committee (FOMC) has announced a bond swap, with plans to purchase $400 billion in longer-term securities while selling an equal amount of short-term ones by June 2012.
With Government Response to Cooper Review, Australia Superannuation Funds Face Greater Scrutiny
Following broad government reforms, Australian pension schemes will encounter heightened scrutiny of their corporate governance and risk management policies that will affect investment decisions.
Boston Pension Claims It Was Taken Advantage of By State Street With FX
State Street continues to battle claims that it took advantage of pension schemes when providing foreign-currency trading services in recent years.
With Fed Move to Buy Long-Term Treasuries, How Will LDI Fare?
As the Federal Reserve moves toward new steps to purchase long-dated Treasury bonds and decrease interest rates on long-term loans, investors question the impact on liability-driven investment.
SEC Files Lawsuit Over Alleged Insider Trading in Global Industries
US regulators have filed a lawsuit alleging insider trading related to the recent purchase of US underwater oil services company Global Industries Ltd by France's Technip SA.
DoL to Hold Off on New Fiduciary Rules for Pension Plans
As part a response to requests from the public, including members of Congress, that the agency allow an opportunity for more input on the rule, the US Department of Labor's Employee Benefits Security Administration will re-propose its rule on the definition of a fiduciary.
Colorado Treasurer Aims to Sue State Scheme, Claiming Lack of Transparency
State Treasurer Walker Stapleton aims to file a lawsuit against the $39 billion Colorado Public Employees' Retirement Association for state workers, claiming that the fund has denied his repeated requests for financial data.
Jury Awards Gundlach $66.7 Million in Bitter Fight With TCW
Jeffrey Gundlach, who was fired from TCW Group and started DoubleLine Capital, won a $66.7 million jury award against his former employer.
Massachusetts Senate Approves New Pension Rules, Changing Benefits Calculation
The Massachusetts Senate has passed a major overhaul of the state pension system to cut benefits for future workers, with the goal of saving $5 billion over a 30-year plan.
News Corp Battles New Charges by Pensions
Pension funds and other News Corp. shareholders have brought new charges against the media giant’s senior management and board of directors.
Detroit Pensions Sue BNY Mellon Over Lehman Losses
The General Retirement System of the City of Detroit has filed a class-action lawsuit with BNY Mellon, claiming that the firm lost more than $1 billion of its money in investments tied to Lehman Brothers.
Risk Instigation?
From aiCIO Magazine's Fall 2011 Issue: Charles Millard on what Dodd-Frank proposed reforms mean for pensions.
CFTC to Delay Dodd-Frank Swap Rules
The Commodity Futures Trading Commission (CFTC) will delay some votes on Dodd-Frank swap rules until 2012.