SEC Mandates Disclosure for Climate Risks
While utilities that have high emissions of
carbon dioxide stand to lose, SWFs and pension funds look at
legislation as an
opportunity to gain.
Regulation
Gov. Richardson Fights Case as New Mexico Senate Panel Investigates Investment Scandal
A former investment officer at New Mexico’s pension fund for teachers says the governor’s administration is covering up bribery and kickbacks.
Pension Fund Files Shareholder Proposals on Corporate Governance
Citigroup and Goldman Sachs are among the 33 companies on the hot seat.
Obama, On Volcker’s Advice, Proposes Banking Regulations
The proposal, if passed,
likely would lead to the breakup of some of the nation’s largest banks.
Mexico's Pension Funds Spike in 2009
Following the recovery in financial markets, Mexico’s pension fund companies more than doubled to a record net profit in 2009.
Bank of America Faces Another SEC Suit
A U.S. market regulator hits BofA with a lawsuit for failing to
disclose extraordinary losses at Merrill before the acquisition deal in
2008.
Blankfein to FCIC: Asset Owners Are Professionals Who Wanted Mortgage Exposure
During
the first day of testimony before the FCIC, bank bosses were both apologetic
and defensive, at one point claiming that institutional investors who dealt
with them were professionals and should be responsible for their actions.
With Charges of Bribery and Corruption, CalPERS to Increase Transparency
Middlemen got $125 million from private investment funds for arranging deals with CalPERS.
Financial Crisis Committee Begins Hearings; Blankfein Takes the Train
The FCIC, established to investigate the financial crisis and make recommendations to Congress, begins its hearing in Washington today.
Illinois Pension Fund Sues Goldman Over Bonus Plans
Suit says bonuses "highlight the complete breakdown" of corporate oversight, saying Goldman’s payouts harm shareholders.
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
State Street Global Advisers (SSgA) has been ordered to pay more than 40 million euros ($58 million) in damages to Stichting Pensioenfonds OPG for investment losses.
Morgan Stanley Accused of Defrauding Investors
In the latest example of pension funds suing financial institutions, a Virgin Islands pension fund has sued Morgan Stanley over CDO sales.
Alaskan Mercer Suit Headed to Trial
(December 23, 2009) – Pension fund consultancy Mercer is headed to trial in Alaska over charges that it underestimated liabilities and then failed to admit theerror to the state’s pension and health plans for public employees. Mercer’s motion to
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.