With US At Debt Ceiling, Geithner Leans on Pensions
As the federal government reached its $14.3 trillion legal limit on its debt, Treasury Secretary Tim Geithner tells Congress he will start targeting federal pension funds.
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Harvard Ups Stake in Emerging-Market Funds in Q1
A filing with the US Securities and Exchange Commission has shown that Harvard’s biggest ETF purchases were shares tracking Brazil, India and Russia.
Russian Minister Supports Country's New SWF, With Backing From Goldman, Abu Dhabi
Representatives of Goldman Sachs, Abu Dhabi's sovereign wealth fund, and other groups are supporting Russia's hopes for a new government-backed fund.
CalPERS Embraces ESG Initiative
The nation's largest public pension fund has committed to a campaign for environmental sustainability.
Asset Manager Says China to Become a Distinct Asset Class
As institutional investors continue to crowd into the rapidly-growing economies of emerging markets to improve equity returns, China may be poised to emerge as a "separate asset class," asset manager RCM has said.
Fed Chairman Urges More Stringent Rules for Big Banks
Federal Reserve Chairman Ben Bernanke has said the Fed will unveil new regulations that would guard the US economy from another meltdown of the nation's largest financial companies.
State Street Encounters Heightened Scrutiny Over FX Transactions With SEC Probe
The Securities and Exchange Commission has joined state and federal investigators looking into whether State Street Corp. overcharged investment clients millions of dollars for foreign exchange transactions.
Rajaratnam Conviction: A Red Flag for Wall Street
Industry sources say the conviction of hedge fund titan Raj Rajaratnam serves as a warning to Wall Street over the perils of insider-trading.
IMF Calms Fears on Greece, Warns Debt Crisis Could Spread to 'Core Euro Area'
While the International Monetary Fund has said Greece is well-positioned to avoid the restructuring of its debt, it warns that Europe's debt crisis could still spread to core euro zone countries and the emerging economies of eastern Europe.
UK Pension Association Champions Single Regulatory Body
The UK's National Association of Pension Funds has concluded that a single body responsible for pensions is necessary to simplify the regulatory environment.
In Latest Pay-to-Play Investment Scandal, New Mexico Files Lawsuits
After more than a year of speculation, New Mexico’s State Investment Council (SIC) has filed two lawsuits involving former Investment Officer Gary Bland and associates of then-New Mexico Gov. Bill Richardson.
Hedge Fund Manager Raj Rajaratnam: Guilty on All Counts of Insider Trading
In a high-profile case of insider trading, hedge fund manager Raj Rajaratnam has been found guilty on all 14 counts of securities fraud and conspiracy.
Study: Passive Beats Active During Rising Stock Markets
New research carried out by students at Uppsala University and reported by Affärsvärlden shows that if the stock market is on the upswing, then a passive management approach across a broader market index may be superior to an active approach.
Report: Hedge Fund Investors Upbeat on Emerging Markets, Fixed-Income
Hedge funds in March attracted inflows of $15.7 billion with investors favoring emerging markets and fixed-income, a survey shows.
Regulators Probe Goldman Sachs Clearing Unit
The CFTC may bring charges against Goldman Sachs for improperly passing along analysts' tips to top clients.