In letters to Canadian Prime Minister Stephen Harper and Chung
Un-Chan, prime minister of South Korea, the International
Corporate
Governance Network urged G20 leaders to recognize the intrinsic
role of institutional investors in reforming shareholder
rights.
President Barack Obama signs legislation that offers funding relief for DB pensions; broader financial reform bill exits House-Senate committee, awaits final vote.
Patric de Gentile-Williams, chief operating officer of hedge fund
seeding specialist FRM, says he’s seeing the most sophisticated
investors backing up start-up or small hedge funds again.
In Japan, the
DIC pension plan is looking to diversify into real estate, while the
GPIF is indicating a move to make the fund more transparent to the
public.
At the GAIM hedge fund
conference this week, managers focused on the problems that could hit
their firms rather than the past year's client inflows and 20% returns.
Following an
internal investigation by CalPERS, Ares Management and Relational
Investors have agreed to stop using so-called placement agents and
reduce the fees they charge the fund by millions of dollars over the
next five years.
