News Archive: Nov - 2010

NYC Pensions Probe Banks for Foreclosure Info

New York City Comptroller John C. Liu, on behalf of the trustees of the New York City Pension Funds, is calling on directors at Bank of America Corporation, Wells Fargo & Company, JPMorgan Chase & Co., and Citigroup Inc. to conduct an independent audit of their banks’ mortgage and foreclosure practices.

Pensions Say Goodbye Equities, Hello Alts

An annual poll by Baring Asset Management has revealed that about 50% of UK pensions have recently altered the allocations of their funds in favor of alternatives to reduce volatility and achieve greater diversification.