The Pension Benefit Guaranty Corporation has joined a lawsuit against Morgan Stanley, seeking $25 million in damages over risky pension investments the bank made for New York's Saint Vincent Catholic Medical Centres' pension plan and its participants.
New Jersey Governor Chris Christie and Senate President Stephen Sweeney have reached a deal to overhaul state pensions and benefits for current public employees.
The A$5.8 billion MTAA Super fund is being investigated by the Australian Prudential Regulation Authority (APRA) over its response to the global financial crisis.
MassPRIM’s board has approved a plan to choose its first 10 hedge fund managers who will manage roughly $500 million that had previously been allocated for hedge fund-of-funds.
A lawsuit over a few hundred dollars has ballooned into legal costs of more than 490x the original suit for Jacksonville's Police and Fire Pension Fund.
As Vancouver-based TimberWest Forest Corporation nears the end of its 60-day “go shop” period, the company looks ready to accept the original $1.03 billion bid made by two Canadian public sector pension plans.
A study by Massachusetts-based Monitor Group shows that the financial crisis has spurred sovereign wealth funds to rely more on in-house assets and less on third party expertise.
Agecroft Partners is seeing widespread demand from institutional investors for Commodity Trading Advisors (CTAs) -- a sign that asset owners have overcome their historical reluctance.
By haggling with the fund companies they invest with, institutional investors can negotiate hefty percentage discounts on fund management fees, a study by bfinance shows.
The Wall Street Journal has reported that Pacific Investment Management Co. lost $3.4 billion on its investment in Lehman Brothers but PIMCo head Bill Gross is unconcerned.
Goldman Sachs is considering releasing documents about its mortgage bets that show that the Senate subcommittee's analysis, which has prompted an investigation of the securities firm, is inaccurate and incomplete.
The $2.7 billion Kern County Employees' Retirement Association (KCERA) of California has filed a lawsuit against Wilshire Associates for loss of about $4 million.
