Senior managers gave the go-ahead for the State Street transition management team to take “undisclosed mark-ups” on bond trades for one of the Middle East’s largest investors, a former employee has claimed.
A new academic paper examines cross-country differences in the diversification benefits that emerging markets offer, and why Latin America may be the best deal for foreign investors.
Morten Sorensen, a finance professor at Columbia Business School, analyzes the implications of a class-action lawsuit, alleging that Blackstone, Kohlberg Kravis Roberts (KKR), and Bain Capital Partners allegedly colluded to lower the prices of takeover targets--and what it all means for the private equity industry.
A lawyer for Edward Pennings, formerly of the bank’s transition management unit, said his client was only following standard practices; State Street vigorously disputes the claim, labeling the dismissed employee a “liar.”
The Organisation for Economic Cooperation and Development (OECD) sees 2013 global growth of 2.9%, down from 3.4%, so how will that impact institutional investors?
