Timothy P. Cahill is criticized for accepting more than $100,000 in connection to an investment manager who has been allotted hundreds of millions of dollars in state funds to invest since Cahill became treasurer in 2003.
CalPERS' Joseph Dear says emerging money managers don’t need placement agents to get hired by the fund giant; New York’s CIO Schloss takes the lead on placement agent relationships.
Ohio pension funds won class action certification over allegations of accounting fraud, among others; judge ends civil charges accusing BofA of misleading shareholders when it acquired Merrill Lynch.
Standard & Poor's 500 companies' aggregate U.S. and non-U.S.
pension deficit and average funded status showed signs of optimism last
year -- as of December 31, the average funded status increased to 84%,
up from
78% a year earlier.
With a combined $2.35 trillion in assets for pensions,
health care and non-pension retirement programs for current and retired
workers, the report shows states need $1 trillion to match their
liabilities.
Despite a predicted deficit of $1.6 trillion this year,
Steve Peacher says policy makers in the US have sufficient time to
deal with the triple-A rate cut issue.
Andrew Cuomo, New York
attorney general, claims Bank of America, former Chief Executive Kenneth
Lewis and former Chief Financial Officer Joe Price lied to shareholders
about the acquisition of Merrill Lynch & Co.
The Chicago
Public School Teachers’ Pension & Retirement Fund (CTPF) and the
City of Atlanta Firefighters' Pension Plan filed the lawsuit over
securities lending losses.