Andrew Cuomo, New York attorney general, claims Bank of America, former Chief Executive Kenneth Lewis and former Chief Financial Officer Joe Price lied to shareholders about the acquisition of Merrill Lynch & Co.
News Archive: Feb - 2010
The fund's decision is the first time such a clawback system has been proposed to all of Hermes’ funds.
The Missouri fund’s value has strengthened since the economic collapse of 2008, with retirement fund assets now at nearly $7 billion.
The 10-year return, the most frequently cited metric to gauge the health of venture capital firms, declined 8.4% for the period ending September 30, 2009.
The Chicago Public School Teachers’ Pension & Retirement Fund (CTPF) and the City of Atlanta Firefighters' Pension Plan filed the lawsuit over securities lending losses.
Asset values increased to more than $23 trillion during 2009; bond allocation fell as equity markets rose.
President Barack Obama is proposing to have carried interest earned by hedge fund and private equity fund managers taxed as ordinary income.
At its January 13 board meeting, the LA retirement association dropped Blackrock and Goldman mandates because of lagging performance.
The potential takeover of Northumbrian by its largest shareholder illustrates the lure of infrastructure to investors seeking long-term stable cashflows.