With $7.2 billion (£4.5 billion) of risk transfer deals completed over last year, the second quarter of 2011 looks to be a record quarter for the number of buyin and buyout deals completed in the UK, according to consultancy Hymans Robertson.
An analysis by the Wall Street Journal shows that BNY Mellon Corp. violated it fiduciary duties by taking advantage of clients while trading currencies.
China Investment Corp., the nation's sovereign wealth fund, plans to move its managing director to Canada to boost investment bids for natural resources assets.
After famously calling gold 'the ultimate asset bubble,' George Soros, along with other leading investment funds, has sold gold and other metal stocks.
A new BofA Merrill Lynch Survey of Fund Managers for May shows that a net 28% of regional fund managers expect China's economy to weaken in the coming year, up from a net 15% in March.
The nation's largest public pension fund is slashing its investment associations with Iran and Sudan, fully complying with state divestment laws passed in 2006 and 2007.
Since the arrest of International Monetary Fund (IMF) head Dominique Strauss-Kahn, PIMCO's Mohamed El-Erian has asserted that the likelihood of Greece defaulting becomes greater.
While consultants say UK pension schemes should be legally obliged to perform due diligence before appointing a fiduciary manager, due diligence is 'nothing new in the US,' Towers Watson says.
