Corporate Moves
Norges Bank, AP7 Settle With KPMG Over Silicon Valley Bank Class Action
The pension funds secured a $224.5 million settlement over allegations the auditor misled investors ahead of the bank’s collapse.
Tag: KPMG
Asset Allocation
Family Offices Pivot Toward Wealth Preservation Amid Global Instability
A KPMG/Agreus survey found that family offices are focusing on shielding assets from market volatility by moving away from cash.
Alternatives
Institutional Investors See Resilience in Commercial Real Estate
While the industry is forever changed following the pandemic, portfolio managers expect a rebound ahead.
Asset Allocation
Saudi PIF Nets $17B in Gains in 2023, Reversing Prior Year Slump
The sovereign wealth fund’s assets grew to nearly $1 trillion.
Asset Allocation
Navigating ESG in an Evolving Regulatory Environment
Speakers at CIO's Navigating ESG Livestream discussed what investors should expect from company reporting on ESG-related issues.
Risk
Pension Funds Sue Silicon Valley Bank’s Officers, Auditor KPMG Following Failure
Complaint alleges the company's executives and its auditor ‘understated and concealed’ the risks posed by rising interest rates.
Asset Allocation
Crypto Adoption Among Canadian Institutional Investors Accelerates
KPMG says crypto investing among institutional investors is rising sharply and shows no signs of slowing down.
KPMG to Pay $50 Million for Using Stolen Data, Exam Cheating
SEC calls breadth and seriousness of the misconduct ‘astonishing.’
UK Loses Decade of Improving Life Expectancies
Mortality rate at the end of 2019 expected to fall back to 2009 level.