An increasing number of schemes in the UK have closed to future Defined Benefit (DB) accrual or are currently in the process of doing so, a study by consulting firm Aon Hewitt reveals.
As volatility pummels currency-trading strategies, the world's largest currency hedge fund, FX Concepts, is hemorrhaging money -- and they're losing people as they're losing capital.
A New York City judge has tossed out a $19 billion claim that a trustee seeking money for Bernard Madoff's investors demanded from JPMorgan Chase, which had been the Ponzi schemer's bank.
The Commodity Futures Trading Commission (CFTC) and the Securities and Exchange Commission (SEC) have finalized new rules for systematic risk disclosure.
After leaving office as New Jersey's governor, Jon Corzine assumed the CEO position of MF Global, pledging to improve the firm's financials -- but ended up leaving it in a state of crisis.
The California Public Employees’ Retirement System (CalPERS) and the California State Teachers' Retirement System (CalSTRS) have issued statements on the governor's pension reform proposal.
Bill Gross, who manages the world’s largest fixed-income fund -- the PIMCO Total Return Bond fund -- has asserted that you cannot solve a debt crisis by creating more debt.
A new report from PricewaterhouseCoopers shows that mergers-and-acquisitions activity in Canada was up in the third quarter from a year earlier, particularly in terms of deal volume, fueled by Canada's big banks and pension funds.
Denmark’s ATP fund has revealed it is open to investing in Europe’s rescue vehicle, which will be created with the goal of saving the region’s most indebted members.
Mayor Michael Bloomberg and New York City Comptroller John Liu have announced a sweeping overhaul of the city’s five main public employee pension systems.