China has approved insurers to hold stakes and invest in private equity and property of privately-held companies to ease insurers' investment pressure and diversify risks, according to the the China Insurance Regulatory Commission.
Bruce Malott, the chairman of New Mexico's educational pension fund, resigned after a disclosure that he borrowed $350,000 from the father of a man who shared in as much as $22 million in finder’s fees from state investments.
Japan's private pensions, which
oversee more than JPY60 trillion, are in search of a reliable stream of
returns to meet the retirement needs of the world’s fastest-aging
population.
Despite the financial crisis, the global
retirement market is expected to grow over the next decade, with total
pension assets increasing from €22 trillion to €36 trillion.
In response to pay scandals in the Los Angeles city of Bell, California lawmakers advanced legislation early this week to curb "pension spiking" in the state´s two largest pension systems.
Amid concern about slowing economic growth, a new survey shows more than a third of managers are increasingly bearish about the US stock market and upbeat on 10-year Treasuries.
A civil lawsuit against CalPERS alleges that placement agent Al Villalobos attempted to "bribe" Shahinian in 2007 by flying him via private jet to New York to attend a fund-raiser honoring Apollo Management LP founder Leon Black -- a month later, Shahinian recommended an investment in Apollo from CalPERS, the suit alleges.
In the firm's first "clawback," Blackstone executives returned $3
million in carried interest to investors in Blackstone Real Estate
Partners International LP during the second quarter.
Activists are organizing a campaign to urge the $33 billion Gates Foundation to sever ties with agribusiness giant Monsanto and other firms involved in developing bio-engineered crops, encouraging the foundation to shift its funding priorities from industrial agriculture to socially and ecologically appropriate practices.
The US Securities and Exchange Commission (SEC) has warned that it will bring more high-profile enforcement actions against Wall Street over the financial crisis.
