White House Launches $10B Rural Infrastructure Fund
The US
Department of Agriculture will connect institutional investors to opportunities
in rural water systems, energy projects, food systems, and infrastructure.
News Archive: Jul - 2014
SEC Allows Redemption Fees for Money Market Funds
The regulator is to introduce floating valuations and the option for redemption fees as part of an overhaul of money market fund rules.
Past Performance Key to Future Returns (at Least in Private Equity)
Convention be damned? Preqin has found private equity consultants think the past is a guide to the future—and data suggests this may be right.
Foundation Returns Up, Outsourcing Down in FY2013
Amid bullish markets, asset owners dropped OCIOs and consultants, onboarding more managers instead.
Deputy CIO to Depart, Recruiting Begins at UC Regents
Four months into new CIO Jagdeep Bachher’s tenure, longtime deputy CIO Mel Stanton has set a retirement date.
Deutsche Bank Censured for Shoddy Reporting
The German
bank’s US arm has been criticized for poor governance, inadequate regulatory
reporting technologies, and bad data by regulators.
Pension Specialists to Lead Citi Cap Intro
Director Jim Kelly has been promoted to group co-head, sharing leadership with Beth Neely.
Mercer Closes Regional Offices, Loses Star to Asset Manager
The consultancy firm is closing two UK offices and one of its senior partners is exiting, while Cambridge Associates has appointed a new UK pensions chief.
How Do YOU Invest for the Long Term?
Investors’ views on how to approach long-term investing are sought by a global institution.
London Pensions Unveil Pooled Investment Vehicle
The new Common Investment Vehicle for London borough pension funds could have its first assets within 12 months.
Credit Suisse Quits Commodities Trading in Litigation Aftermath
The Swiss
bank also reported its largest quarterly loss since the financial crisis following
a $2.6 billion settlement with US authorities for tax evasion.
Breakthrough for Detroit Bankruptcy as Retirees Accept Pension Cuts
Retired workers in the bankrupt city of Detroit, Michigan, have accepted cuts to the pensions as part of a plan to help the city re-emerge from bankruptcy.
Senate Committee Condemns Hedge Fund Tax Practices
Practices by two hedge funds have been criticised by the Permanent Subcommittee on Investigations for their use of “basket option structures” to crank up leverage and reduce tax bills.
The Dodd-Frank Act Has Failed, Republicans Say
Instead of
ending “too big to fail,” the 2010 Dodd-Frank Act has further entrenched the
concept into government policy, a GOP report has said.
Back to School for CalPERS Board, Says Governor
Governor Jerry Brown has signed a bill forcing board members at CalPERS to brush up on their investment knowledge.