Judge Tosses Out Former Pension Fund CIO's Fraud Case in New Mexico
District Judge Stephen Pfeffer dismissed the
pay-to-play lawsuit filed by Frank Foy, former CIO for the New Mexico
Educational Retirement Board.
News Archive: Apr - 2010
Emails Show Credit Default Swaps Led to Harvard Loss, Goldman Gain
The nation's oldest
and richest university entered the $500 million credit default swap
market.
Study: Pensions See Biggest Jumps in Fixed Income, Bonds, Property
A new study by Mercer shows manager searches have recovered to
pre-crisis levels, with Australia, UK and Continental Europe seeing the
most significant increases.
PE Secondary Market Poised for Growth in 2010
A new survey by alternatives services and research company
Preqin shows deal volume is expected to increase on the secondary
private equity market.
US Institutional Plan Sponsors See Moderate Gains
Northern Trust reports that institutional investors posted
solid returns in the first quarter of 2010.
Dutch Pension Drops Goldman, Citing Falling Performance
Fund’s statement says Goldman
failed to meet expectations, yet does not refer to the civil fraud
charges filed April 16 against the U.S. bank.
CalPERS Eyes More Buyout Fee Cuts, CIO Presses for Wall Street Regulation
While the California fund giant is hoping to win fee cuts from other
private equity firms after Apollo Global Management agreed to
trim $125 million in fees, CalPERS' CIO is pressing for finance overhaul
to stop the casino atmosphere on Wall Street and restore confidence.
Ontario Teachers’ Looks for New PE Chief
Erol Uzumeri will leave Canada’s third-biggest retirement-fund
manager to start his own money management firm.
Survey: Greater Governance to Increase Alternatives
In a study of alternative asset managers, RBC Dexia found that
a clear majority of hedge funds believed greater governance of
alternative investments could result in an increased allocation to the
sector.
UK Regulator Takes Tougher Stance on Pension Corporation
The FSA has probed the specialist insurer and pension buyout firm to
explain its investment strategy.
Goldman CEO Blankfein Calls Fraud Case 'Totally Political'
Lloyd Blankfein counters the SEC's fraud allegations, signaling that
Goldman will aggressively fight the charges in court.
SEC Says Money Manager Stole $3M From Detroit Pensions
Onyx Capital Advisors, a firm
that invests in small and medium enterprises in the Midwestern and
Southeastern US states, and its founder have been charged with fraud for
stealing millions of dollars from Detroit pension funds.
Pensions Keep Vigilant Eye on Goldman Case
Public pension funds around the country are reviewing their
relationships with Goldman Sachs Asset Management.
UCLA Shifts Asset Allocation
The University of California’s retirement and endowment funds
portfolio have revised their asset allocations.
Apollo Agrees to Cut $125 Million in Fees It Charges CalPERS
New York's Apollo Global Management has agreed to trim the fees it
charges California fund giant CalPERS over the next five years.