The nation's largest pension system did not take action when it first heard about officials in the lower-income city of Bell, California, earning inflated salaries.
While reports have the San Diego County Employees Retirement Association considering a move towards internalizing their asset management, current outsourced CIO Lee Partridge denies he is considering the move.
Legislation passed by the Massachusetts Governor gives the $42 billion fund one year to study and exit any investments that directly or indirectly support the Iranian oil industry.
August is the shortest of months, with vacation and Summer Fridays making the time go simply too fast… except for those who eagerly await the September issue of ai5000, for whom the end of the month cannot come soon enough. For those most loyal of readers, we’re posting one article early. It’s Joe Flood’s Adventures in Algorithmic Trading, a look at the varied strategies that comprise the umbrella term ‘algo trading’ – and what it means for you.
New survey data issued by the London-based unit of consultant Mercer shows that the costs of rising life expectancy added billions of pounds to the pension bills of the United Kingdom’s largest 100 companies in 2009.
A recent study by Towers Watson has shown that while legislation recently signed into law could provide a between $19 billion and $63 billion reduction in required contributions over five years, only one-quarter of employers are likely to seek relief.
A study by Aon Consulting has discovered that combined pension deficit at the UK's top 200 firms fell by about a quarter between June and July, buoyed by improving equity markets and declining liabilities.
In a testament to ai5000 Editor-in-Chief Kip McDaniel's judgment of talent (or luck, as some see it), ai5000 book reviewer Sara Nelson critiques ai5000 Editor-at-Large Joe Flood's The Fires -- his first (of what we hope is many) non-fiction novel.
In an 82-page ruling, Supreme Court Justice Lewis Bart Stone in Manhattan dropped some of the charges against Hevesi, which include felonies and misdemeanors of bribery, grand larceny, money laundering and fraud.
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