Blackstone Raises $9 Billion So Far for New Fund
The New York buyout firm is expected to finish fundraising for its sixth global buyout fund at the end of June.
News
Bank of America Faces Another SEC Suit
A U.S. market regulator hits BofA with a lawsuit for failing to
disclose extraordinary losses at Merrill before the acquisition deal in
2008.
Survey: Portfolio Liquidity a Top 2010 Priority
Nonprofit investment committees aim to address liquidity needs this year, according to a new poll.
After Record Loss, Harvard Names A New Chief Risk Officer
The richest and oldest US school names a new risk head of its endowment-management company.
Blankfein to FCIC: Asset Owners Are Professionals Who Wanted Mortgage Exposure
During
the first day of testimony before the FCIC, bank bosses were both apologetic
and defensive, at one point claiming that institutional investors who dealt
with them were professionals and should be responsible for their actions.
With Charges of Bribery and Corruption, CalPERS to Increase Transparency
Middlemen got $125 million from private investment funds for arranging deals with CalPERS.
SWFs Raise the Bar: From Passive Shareholders to Active Investors
SWFs are urged to take more active roles in the companies in which they invest.
Size Does Matter: CalPERS Invests in Infrastructure Projects
The biggest US public pension fund plans on bringing infrastructure investments up to 1.5% of its total market value by the end of 2010.
Shares Plunge 81% as Japan Airlines Forges Ahead With Restructuring
The
struggling Japanese carrier faces bankruptcy with benefits cut and new CEO.
Financial Crisis Committee Begins Hearings; Blankfein Takes the Train
The FCIC, established to investigate the financial crisis and make recommendations to Congress, begins its hearing in Washington today.
Mercer Survey: Equities Boost US Pension Ratios
A Mercer study shows the improvement in financial markets last year added billions to companies' balance sheets.
Trying to Save Pension, AA Stands Its Ground
AA
hopes to keep its retirement plan open to new joiners.
Best Year for Hedge Funds Since 1999; Venture Capital Suffers
While hedge funds had their best year in a decade, venture capital fundraising suffered.
Survey: Pensions Increase Funds Scrutiny; Assets Shift
Review signals widespread review of managers and revised asset allocation.
Abu Dhabi SWF Will Refine Its Investment Stategy
U.S. treasuries will remain a key diversification tool.