The attorney general alleges that despite its actions, Countrywide Financial Corporation continued to misinform investors that it maintained stringent mortgage loan underwriting standards that differentiated it from its competitors and other subprime lenders.
According to two separate surveys of pensions, schemes both domestically and globally are intending to reduce their exposure to equities as well as fixed-income, planning greater allocations to alternatives.
A report issued by the International Monetary Fund (IMF) has argued that sovereign wealth funds should engage in regular macro-risk assessments, stressing the continued importance of these large pools of capital as stabilizers in international markets and major players in global regulatory reform.
In one of the largest forestry estate transactions in Australia, Alberta Investment Management Corporation (AIMCo) has agreed to acquire, together with partner Australia New Zealand Forest Fund (ANZFF), the timberland assets of Great Southern Plantations (GSP) for a total purchase price of $417 million.
As private equity firms aim to become increasingly diversified asset managers following the financial crisis, Carlyle Group has agreed to buy AlpInvest Partners to expand its asset management operations.