A property and casualty unit of bailed-out insurer American International Group Inc. is transferring billions of dollars in potential asbestos liabilities to a subsidiary of Warren Buffett's Berkshire Hathaway Inc.
The Federal Energy Regulatory Commission (FERC) has fined Brian Hunter, once one of the most renowned energy traders, $30 million for his role in a scheme that manipulated prices in the natural gas futures market.
With Japan's nuclear disaster raising fears that the global market for nuclear reactors will not be as robust as previously expected, the Ontario Municipal Employees Retirement System has abandoned its purchase of Atomic Energy of Canada Limited (AECL).
The chairman of China's $300 billion sovereign wealth fund has said that the CIC will target emerging economies, following his remarks that recovery in emerging markets will repair the global economy.
British pension schemes are slashing their weightings in UK equities as part of a switch to fixed-income and international strategies, according to research by BNY Mellon.
Asset manager PGGM has increased its socially responsible investment (SRI) and has continued incorporating ESG factors into its overall investment policy in 2010.
According to research firm PerTrac, the economic downturn has driven investors to demand greater transparency by focusing on technologies that help them better track their performance.
The $2.4 billion Detroit General Retirement System, the $3.4 billion Detroit Police and Fire Retirement System, and four individuals, including the chairs of both boards, have sued Michigan Gov. Rick Snyder over emergency powers.
With the purchase of $1 billion worth of physical gold at record prices, some are wondering whether UTIMCO is making an investment decision – or a political statement.
A greater flow of institutional money and efforts to increase transparency and accessibility have helped boost the hedge fund industry to its all-time high in assets under management.
Despite turbulent economic times and bigger anticipated payments to underfunded public pensions, a new study has indicated that few municipalities will default on debt.
Standard & Poor's credit rating of the US government's heightened debt level reflects an awareness that has long been understood by institutional investors, consultancy NEPC believes.
