Arden Asset Management is likely losing its mandate to manage MassPRIM's hedge fund allocation as a fund-of fund manager, but it has assumed a new role for the scheme, helping to transition the scheme's hedge fund assets to direct investments.
Despite the ruckus over new banking regulations, investors should not think these 'trusted partners' are 100% safe, market specialists have been warned.
The darlings of institutional investors last year, commodities and emerging market stocks have fallen from grace this year as economic turmoil continues to wreak havoc on markets.
The Securities and Exchange Commission has charged former Detroit officials, along with an investment adviser to the city's pension funds, with participating in an influence peddling scheme.
The Profile: Ash Williams, Executive Director and CIO of the Florida State Board of Administration, speaks about public pensions and strategic partnerships—and why every asset manager wants them.
“It is a misperception that new benefit structures raise costs in the short run because of a Government Accounting Standards Board (GASB) accounting rule that accelerates amortization schedules,” says Dr. Robert M. Costrell, Professor of Education Reform and Economics at the University of Arkansas.