Jeffrey Baker, an SDCERA official, is alleging as part of a complaint that his job is being eliminated because he raised concerns over outside consultant Lee Partridge's risk limits, yet Partridge denies the assertions.
An appeals court has overturned the dismissal of a class-action lawsuit brought by investors against Countrywide Financial Corp. over risky mortgage-backed securities bought between 2005 and 2007.
An analysis by the Wall Street Journal shows that BNY Mellon Corp. violated it fiduciary duties by taking advantage of clients while trading currencies.
While consultants say UK pension schemes should be legally obliged to perform due diligence before appointing a fiduciary manager, due diligence is 'nothing new in the US,' Towers Watson says.
Federal Reserve Chairman Ben Bernanke has said the Fed will unveil new regulations that would guard the US economy from another meltdown of the nation's largest financial companies.
The Securities and Exchange Commission has joined state and federal investigators looking into whether State Street Corp. overcharged investment clients millions of dollars for foreign exchange transactions.
The UK's National Association of Pension Funds has concluded that a single body responsible for pensions is necessary to simplify the regulatory environment.
After more than a year of speculation, New Mexico’s State Investment Council (SIC) has filed two lawsuits involving former Investment Officer Gary Bland and associates of then-New Mexico Gov. Bill Richardson.
In a high-profile case of insider trading, hedge fund manager Raj Rajaratnam has been found guilty on all 14 counts of securities fraud and conspiracy.
The firm has asked US District Judge Keith P. Ellison to restrict any surviving investor fraud claims to owners of BP American depositary receipts, Bloomberg is reporting.
A Venezuelan pension plan had invested $500 million – or 20%
of its assets – in an unregistered investment vehicle for which the accountant
provided falsified documents.
A Congressional Budget Office brief suggests that valuing assets and
liabilities via more reasonable accounting assumptions will provide a clearer
picture of America’s pension underfunding problem.