SEC Bars Hedge Fund Manager for Losing Big on Risky Bets
Matthew Rossi blamed $1.8 million in losses on nonexistent rogue trader.
News
Newsmakers
CIO-Only Discussion to Take Place at CIO Summit
Closed-door discussion at 10th annual event just three weeks away.
Newsmakers
Plow Back Provision Helps Pennsylvania SERS Boost Its Employer Contributions
Board OKs nearly $1 billion in real estate, multi-strat, private equity deals.
Newsmakers
Rhode Island Is Ready and Willing to Buy Your Fund Commitments
Newly minted ramp-up period for its private growth portfolio pushes the board to approve secondary transactions for more flexibility.
As GP-Led Secondaries Grow, Investors Seek Transparency
GP-led secondaries had a record-breaking 2018, but new guidelines from ILPA show that investors want more information and more time to consider the deals.
Newsmakers
Bolsonaro’s Brazilian Pension Proposal Passes First Legislative Test
Key panel rejects challenge to measure’s constitutionality and sends it forward.
Research
Endowments Increasingly Dour About Economy
Survey finds number of foundations fearing slowdown has tripled.
Australia’s IOOF Hit with Class-Action Lawsuit
Wealth management firm accused of ‘misleading or deceptive conduct.’
Newsmakers
Exclusive: Los Angeles’ CIO Preps for Potential $1 Billion Real Estate Sell-Off
Being 2% overweight to real estate means it’s time to trim the hedgings.
Newsmakers
Activists Unimpressed with Bed Bath & Beyond’s Revamp
Despite going along with a trio of activist investors’ suggestions, the company still receives the group’s criticism.
Market Moves
A US-China Pact Would Boost Commodities, Citi Says
Recovery in raw materials should persist if an expected end to the trade tiff comes.
Newsmakers
Harvard Activists Call for Fossil Fuel Divestment
Students, faculty, and alumni mark Earth Day by kicking off ‘Heat Week.’
Newsmakers
Kentucky Left to Try, Try Again on Pension Overhaul
State senator, the running mate of GOP Gov. Bevin, vows to come up with an alternative to bill Bevin vetoed.
US Corporate Pension Funding Ratio Rises to 87.1% in 2018
Funded levels increase despite worst asset performance in a decade.
Newsmakers
Illinois Group Wants Municipal Pension Consolidations
The 650-plus downstate public funds could merge to lighten retirement funding burden.