Bond-Fund Star Gundlach: 'There Was Nothing Special About TCW Data'
Jeffrey Gundlach has told a jury that he had no use for data from TCW Group Inc., his former employer, to start a rival firm because there was nothing special about it.
News Archive: Aug - 2011
US, European Legislation Prompts Banks to Reshuffle PE Branches
European and US legislation has encouraged significant changes within private equity divisions of banks worldwide, according to data provider Preqin.
Following S&P's Downgrade, CalPERS Boasts AAA Rating; CalSTRS Trails Behind
The California Public Employees’ Retirement System has kept its AAA credit rating for the pension fund’s credit enhancement program from Fitch Ratings, while the California State Teachers' Retirement System (CalSTRS) has achieved AA+.
Study: Money Manager Compensation to Drop
A report by Johnson Associates shows that money management incentive compensation projections are “down considerably” from up to six months.
Survey: Oligopoly Developing With LDI Providers Among UK Schemes
A KPMG survey has found that while a growing choice of liability-driven investing solutions are now available, an oligopoly is developing in the UK's LDI market with just three providers managing over 80% of assets.
Consultant Study: Risk-Transfer Deals Spike in Q1
Analysis by Hymans Robertson has found that scheme risk transfer deals were up 400% at the end of Q1 in the UK.
Madoff Trustee Sues ADIA for $300 Million
The trustee charged with recovering funds for victims of Bernard Madoff's Ponzi scheme has sued the Abu Dhabi Investment Authority (ADIA), alleging it received $300 million from a major Madoff feeder fund.
Opposite Views on US Real Estate by Danish Scheme and CalPERS
Denmark's largest pension fund, ATP, and the largest pension fund in the US have made opposite moves in regards to US real estate.
ETF Guru Deborah Fuhr to Join BofA After Quitting BlackRock
After leaving BlackRock last month as its head of exchange traded fund research, Deborah Fuhr is reportedly joining Bank of America Merrill Lynch (BAML).
Florida Pension Sues BNY Mellon for Overcharging State
BNY Mellon has been accused by Florida of allegedly failing to give the state the best prices when making foreign currency trades for their state pension funds.
Despite Market Turbulence, Buffett Remains Bullish
The Oracle of Omaha and chief investment officer of Berkshire Hathaway is optimistic about economic recovery despite recent market volatility.
Survey: Schemes Are Overcharged for Services
An actuarial fee survey has found that schemes in the UK are being overcharged for core services.
Report Calls for New Classification of Debtor vs Creditor Economies
In its latest research report, Partners Group, a global private markets asset manager with US offices in New York and San Francisco, says says a more differentiated and adapted investment approach is required, calling for a new classification into debtor economies, dependent on external financing, and creditor countries, with healthy balance sheets comprising economies in the Asia/Pacific, Latin America and core Europe regions.
SEC Sues Brokerage Firm for Allegedly Defrauding Wisconsin School Districts
Federal regulators are accusing brokerage firm Stifel Nicolaus & Co. of civil fraud in its sales of risky complex investments to five Wisconsin school districts, which lost all of the $200 million they invested.
Connecticut Court Rules Town Cannot Seek Money Madoff Lost
Connecticut's second-highest court ruled 3-0 that the town of Fairfiled was indirectly affected by actions of two partners in an investment firm accused of conspiring with the disgraced Bernie Madoff.