The British Property Federation has said that changes to the UK’s Real Estate Investment Trust (REIT) regime will remove major barriers to large scale investment in residential real estate by institutions such as pension funds.
A new survey by KPMG, a global public accounting firm, finds that using the consumer price index (CPI) as the measure of pension inflation will reduce the calculated value of private sector liabilities by nearly $98 billion (£60 billion) by the end of the year.
From aiCIO Magazine: Is there a better way to implement liability-driven investing?
The nation's largest pension has released a special 56-page review on placement agent activity, accusing a former chief executive and two former board members of steering billions of dollars to politically connected firms; refuses rate-of-return cut.
Commodities companies are fearing the impacts of the Dodd-Frank Act, which will likely lead to increased costs.
In the latest case of alleged foreign exchange trading misdeeds, BNY Mellon has been sued by a Pennsylvania transportation authority.
Francisco Illarramendi has pleaded guilty to five criminal counts after US prosecutors accused the Connecticut hedge fund manager of running a multiyear Ponzi scheme that may have defrauded investors out of hundreds of millions of dollars.
Mohamed El-Erian, CEO and co-CIO of the Pacific Investment Management Co. (PIMCO), told CNBC that the US economy must learn how to survive independently, without artificial stimulus.
In an effort to stop a planned $9.53 billion sale to Deutsche Boerse AG, the Louisiana Municipal Police Employees’ Retirement System has sued NYSE Euronext.
US District Judge Mariana Pfaelzer in Los Angeles has required Countrywide and its parent company, Bank of America Corp., to provide $600 million for former Countrywide shareholders, yet many investors aren't satisfied by the settlement.
The US Securities and Exchange Commission (SEC) has signaled plans to investigate Rhode Island's pension, which has an unfunded liability of $5 billion.
Apple Inc. shareowners have supported a proposal by the nation's largest public pension fund that advises the company to adopt a majority vote standard for board candidates in uncontested elections.
Henry “Hank” Morris, chief political adviser to former state Comptroller Alan Hevesi, has been sentenced to up to four years in prison for his involvement in a pay-to-play kickback scheme over pension abuses.
House State Government chairman Mike Cherry has said he aims to prohibit the state government's pension funds from paying well-connected middlemen, also known as placement-agents.
President Barack Obama's budget proposal has urged risk-based pension premiums, which were once championed by the Bush administration.