Goldman Gains After Paying Record $550 Million to Settle SEC Lawsuit
Of the lawsuit's total penalty, the largest ever paid by a Wall
Street firm, $15 million represents disgorgement of gains from the deal
while the remaining is a civil penalty.
News
From ai5000 Magazine: Bob Reynolds, CEO, Putnam Investments
Reynolds, following two decades at cross-town rival Fidelity, was lured to Putnam to turn around the once-ailing firm. With its mutual fund business once again on the rise, the next question is: What can Putnam do for the world's largest asset owners?
From ai5000 Magazine: Controverse à la Caisse
Fund loses billions in public money. Retirees worry about rent payments. Managers rake in million. Public is outraged. Rinse. Repeat. A look at Quebec’s Caisse de Depot pension fund. Jordan Milne reports.
From ai5000 Magazine: Wealth in Sin
During the best of times and the worst of times, people will continue
to drink, smoke, gamble and fight. Here’s an assessment of the Vice
Fund portfolio, firsthand. Paula Vasan reports.
From ai5000 Magazine: Life After Death
Critics are singing private equity’s swan song. They’re wrong—and
here’s why. Joe Flood reports.
J.P.Morgan Pursues Alternatives Portfolio for UK Schemes
The firm's asset management division is offering small
UK schemes with greater access to hedge funds, infrastructure and
private equity.
Canada Pension Bids $3.4 Billion for Intoll Group
The conditional offer marks the Toronto-based fund
manager's
second attempt to purchase an Australian toll road operator, following a
failed
bid to take control of Transurban Group in May.
Sacramento Pension Ordered to Release Details to the Public
Sacramento County Superior Court Judge Allen Sumner has ruled that the public has a right to know about county workers' pensions.
OECD Pensions Remain Nearly 10% Below Pre-Crisis Levels
A study shows that even though pension assets in Organisation for
Economic Co-operation and Development (OECD) countries remain below
December 2007 levels, some countries. such as Hungary and Norway, have
already recuperated completely from 2008 losses.
Hedge Fund Returns Suffer in 2010 Amid Europe Crisis
Worries
that the
sovereign debt crisis in Europe may stall a global economic recovery
fueled hedge fund declines in 2010.
Florida SBA Takes Lexington Stake for $41 Million
The deal marks SBA board's first ownership stake in a private
equity manager or any investment management company.
Goldman, Citigroup and 13 Other US Banks Sued by Mortgage Investor
Cambridge Place Investment Management has sued 15 US banks after losing $1.2 billion on subprime mortgage-backed securities.
US Pension Deficits Near Record High
A new study by consulting firm Mercer shows US pension deficits have reached a record high, revealing a downturn in pension health that erases gains achieved since January 2009.
MassPRIM’s CIO Says Pay-to-Play Regulation Is Not a Focus for Discussion
While MassPRIM told ai5000 that they are not currently taking action following the unanimous vote late last month by the SEC to curtail so-called “pay-to-play” schemes, a variety of public pension funds are working to adopt policies limiting the use of placement agents.
Despite BP's Hopes for SWF Backing, Abu Dhabi Is Hesitant
BP Chief Executive Tony Hayward’s tour of the Gulf last week increased speculation that the company is looking for investment from sovereign wealth funds (SWFs) and other state entities in the region, yet Abu Dhabi is reluctant to invest in the company, a report said.