Good News for Asset Managers: Higher Paychecks
After the first quarter, Johnson Associates broadly predicts an
increase in incentive compensation across the financial services
industry.
News Archive: May - 2010
SWFs Caution Against Investment Restrictions
Uncertainty is affecting investment policy and combined with the
recent heightening of sovereign risk, is resulting in a highly complex
operating environment for sovereign funds.
China's SWF to Pump $1.23 Billion Into Penn West
Penn West is selling 45% of oil-sands properties to the $289 billion
China Investment Corp.
SEC's New York Chief Targets Institutional Investors; Wall Street Probe Deepens
The head of the US Securities and Exchange Commission’s Manhattan
office said the financial crisis has propelled him to scrutinize
products normally sold to institutional investors; US regulators have
widened their probe into Wall Street banks.
Nine State Investors Oppose Massey Directors
Poor
safety records in regards to the April 5 explosion in West Virginia
that killed 29 men and injured two have incited Massey Energy Inc.
shareholders to rebel against the coal company.
Pension Insurance Deals to Be More Pricey
Pensions consultancy Lane Clark & Peacock predicts pension fund
'buyout' deals, where insurance companies takeover schemes' risk, are
set to be about twice as popular this year as in 2009, but insurers may
run out of capital.
Departing Cornell CIO Plans to Start $150 Million Hedge Fund
James Walsh plans to leave his position as CIO at Cornell University
to start a hedge fund targeting institutional investors.
Cuomo Files Suit Against Ivy, Former CEO and Ex-CIO Over Madoff
New York Attorney General Andrew M. Cuomo's civil suit
against Ivy Asset Management and two senior executives
puts asset
managers on the hot seat, yet the execs say they
plan to fight the allegations.
BlackRock and Lobby Groups Champion to End Swaps Fiduciary Rule
Barbara Novick at BlackRock said the new regulatory-overhaul
legislation would be the poster child for unintended consequences.
MetLife Study Reveals UK Pension Risk Behaviour
MetLife Assurance surveyed defined benefit pension
scheme sponsors and trustees to understand how they viewed certain
investment, liability and business risks.
Former CalPERS Official Villalobos Denies Fraud Accusations
Alfred R. Villalobos, a former CalPERS official accused of serving as
a placement agent, denied fraud accusations in a statement yesterday,
saying the attorney general's suit against him was filled with
significant factual errors.
Australian Road Operator May Reject Canadian Pension Bids
Transurban,
Australia’s biggest toll road operator, plans to raise enough capital to
finance its acquisition of
Sydney's troubled Lane Cove Tunnel.
CalPERS Votes to Separate Chairman and CEO Roles at Goldman; Blankfein Defends Reputation
The largest U.S. public pension fund said it believes if the Goldman chair is not the CEO, the board may be able to exercise stronger oversight of management; Goldman CEO Lloyd Blankfein faced shareholders at the annual meeting Friday in New York.
Norway’s SWF Sees Green Shoots After Market Downturn, Posts 3.9% Q1 Return
Yngve Slyngstad, head of Norges Bank Investment
Management, the central bank’s asset management arm, said he sees market
turmoil as an opportunity and not a threat.
Opinion: Mutual Funds in Times of Crisis
Head of Global Consulting at Strategic Insight Daniel Enskat examines the influence of mutual funds in turbulent economic times.