Responding to accusations by state and federal officials of defrauding public pension funds of foreign exchange transactions, BNY Mellon is offering its clients an alternative pricing model.
Officials at the Pension Benefit Guaranty Corporation have asserted that they'll fight efforts by Friendly Ice Cream Corp. to shed its pension plan during Chapter 11 bankruptcy restructuring.
On behalf of at least 1,800 investors, a federal judge has ruled that Bank of America's Merrill Lynch unit faces a group lawsuit over its mortgage-backed securities.
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.
From aiCIO Magazine: Between stepped-up enforcement and the host of
new regulations promised by the new financial reform law, is it time
for large asset owners to start rethinking the way they invest in
alternatives?
A new report by Preqin has found that 2010 has been the second year running in which assets under management among sovereign wealth funds have increased by 11%.
The attorney general alleges that despite its actions, Countrywide Financial Corporation continued to misinform investors that it maintained stringent mortgage loan underwriting standards that differentiated it from its competitors and other subprime lenders.
From aiCIO Magazine: With 52% of world reserve supply, the Canadian government, along with the Potash Corporation of Saskatchewan and two minor producers, collude to keep potash prices artificially high. Editor-in-Chief Kip McDaniel reports.
Pension industry lobbyists have been
trying to persuade Senate leaders to change and clarify the legislative
provisions that would negatively impact pension fund swaps; the FDIC's
Sheila Bair opposes segregation of swaps units.
ai5000's Joe Flood sits down with bestselling author Michael Lewis to discuss his new book “The Big Short: Inside the Doomsday Machine,” the shifts in Wall Street culture, and today's financial landscape.
