News
Survey: Nearly 50% of Money Managers Ignore Climate Risks
Wesleyan Sues Ex-Endowment Chief, Claiming Fraud
For more than eight years, one of the highest paid employees at Wesleyan used university access and funds to make money at other companies and finance family vacations and international recreational trips, the suit alleges.
State Street to Compensate Netherlands Pension Fund for Lehman Loss
Private Equity Expert to Run NYC’s Pension Funds
Ontario Teachers’ Moves into Mortgage Insurance Business
Morgan Stanley Accused of Defrauding Investors
The ai5000 Top Five Institutional Investment Stories of 2009
Alaskan Mercer Suit Headed to Trial
Survey: American Pensions Shun Risk
Private Equity Titan Terminates Fund
(December 23, 2009) – Europe’s Candover has agreed to close its nearly $5 billion buyout fund, a fall from grace for this once mighty private equity house. The firm confirmed late last week that its five year investment window
PIMCO’s Gross Reduces Government Debt Holdings, Moves to Cash
With Goldman Lawsuit, Populism Reaches Pension Funds
Financial giant Goldman Sachs has been sued by a $5.8 billion union pension plan over its alleged use of TARP and FDIC-backed funds to pay executive bonuses.
Dubai, Again, Gets Bailout from Abu Dhabi
Not for the first time in 2009, Abu Dhabi—the federal seat of government for the United Arab Emirates—has been forced to step in and provide an injection of funds for a debt-ridden Dubai.
Australian Pension Report Shows Governance Changes on Horizon
The Cooper Review, releasing an interim report, suggests that greater trustee skill and levels of governance should be instituted in the island nation’s pension sector.