California Settles with Morgan Stanley over Financial Crisis Losses
Recession-era mortgage-backed securities deals creates $150 million settlement for CalPERS, CalSTRS.
News Archive: Apr - 2019
Newsmakers
Brexit Is a Mess, but Texas Teachers Is Keeping Its London Outpost
CIO Jerry Albright says Britain is still a good place to run investments from.
Risk
Australia Future Fund Bounces Back in Q1
A robust turnaround in equities brings a 5% return for the asset owner.
That Nifty 3.2% GDP Surge Doesn’t Impress Morgan Stanley
Firm’s economists think the pace will slow to 1.1% in the current quarter.
SEC Charges Hedge Fund Manager with Misappropriation of $700K
Eric Lyons is accused of using ill-gotten funds to pay for luxury expenses for his family.
Texas Teachers Closer to Getting a Boost from State
New legislation seeks to shore up fund, give one-time check to retirees.
Newsmakers
CalSTRS Tackles Opioid Crisis
The pension plan is challenging opioid manufacturers, distributors, and pharmacy chains as part of its corporate engagement program.
Newsmakers
Hiring for Texas Teachers’ Private Equity Fleet ‘On Schedule’
CIO Jerry Albright ‘pleased’ as hiring worries for internalization plans diminish.
Regulation
Audit Finds Illinois Police, Firefighter Pensions Lack Proper Oversight
State failed to regularly examine 656 public safety plans as required by law.
UK Issues Guaranteed Minimum Pensions Conversion Guidance
But more may need to be done to achieve clarity.
People Moves Roundup
Bardin Hill appoints six new partners, Milliman gets a new managing director, and more.
SEC Bars Hedge Fund Manager for Losing Big on Risky Bets
Matthew Rossi blamed $1.8 million in losses on nonexistent rogue trader.
Newsmakers
CIO-Only Discussion to Take Place at CIO Summit
Closed-door discussion at 10th annual event just three weeks away.
Newsmakers
Plow Back Provision Helps Pennsylvania SERS Boost Its Employer Contributions
Board OKs nearly $1 billion in real estate, multi-strat, private equity deals.
Newsmakers
Rhode Island Is Ready and Willing to Buy Your Fund Commitments
Newly minted ramp-up period for its private growth portfolio pushes the board to approve secondary transactions for more flexibility.