News Archive: Nov - 2011

Academic Paper: Fiduciary Duty Is a Fantasy

The design and governance of investment management institutions is actually more important than honoring the principle of fiduciary duty which, claims Gordon Clark, a professor at Oxford University and author of a new academic paper.  

Texas Public Pension Turns to Private Equity Giants KKR, Apollo

In the latest example of institutional investors turning to large private equity firms for their expertise in more complex investments, Kohlberg Kravis Roberts (KKR) and Apollo Global Management are set to manage $6 billion for the Teacher Retirement System of Texas' (TRS).