UK Pensions Lifeboat Boosts Agri-Alternatives
UK's pensions lifeboat has added agriculture and timberland to its alternatives roster.
Regulation
Cali. Insurance Commissioner Still Permitted to Oversee State's Iran Biz
Newly settled litigation allows California’s top insurance regulator to keep tabs on the state's insurers’ investments in companies doing business in Iran.
Goldman Sachs Faces Dutch Pension Fund Suit Over Risky Mortgages
Dutch pension fund ABP is suing US investment bank Goldman Sachs for knowingly selling the scheme junk mortgages and providing misleading information.
New Financial Crimes Unit to Police Banks for Faulty Mortgages
The Justice Department is set to create a special unit to investigate abusive lending and packaging of risky mortgages, as part of President Obama's 2012 agenda.
Active Management Threatened By European Proposals
Proposed European regulation could call time on active fund management in the region and hit investors holding European assets.
Pension Investors Fear Impact of Dodd-Frank on Returns
Dodd-Frank may hurt investment returns for pension funds by shrinking OTC derivative markets and cutting opportunities for asset manager outperformance, public plan CIOs have warned.
Dutch Court Throws Lifeline for Non-US Class Action Lawsuits
Pension, endowment funds, and other international shareholders have a new avenue of enquiry to seek damages of alleged corporate fraud thanks to a European court decision.
Diamondback Dodges Criminal Charges, Resolves Insider Trading Case
Diamondback Capital Management has agreed to pay more than $9 million to settle allegations of insider-trading at the hedge fund.
‘Bureaucracy Trumps Common Sense’ in UK Government Pension Proposals
Proposed pension regulation changes for UK companies are unnecessary and come at the worst time for occupational funds, experts have warned.
BNY Mellon Finalizes Partial Settlement in FX Suit
BNY Mellon -- the world's largest custody bank -- has settled part of its federal forex lawsuit.
CalSTRS, Others Give Nod of Approval to CFTC Vote on Wall Street Swap Abuse
Pension funds such as CalSTRS and others in the industry say that moves by US regulators to soften Dodd-Frank Act rules designed to protect less-sophisticated customers in swap trades is a signal that legislation is moving in the right direction.
Mercer Predicts Bankruptcies Due to “Shoe-horn” Approach to Pension Regulation
European companies could be pushed to insolvency by ill-fitting pension regulation, a major investment consultant says.
Following JPMorgan, Dutch Pension ABP Sues Credit Suisse Over Mortgage-Backed Securities
After filing a suit against JP Morgan, Stichting Pensioenfonds ABP (ABP) has sued Credit Suisse as many of the scheme's once triple-A rated securities now carry junk grades.
Confidential Documents: BNY Mellon FX Business “All Over” After Investigations
Documents obtained by the Wall Street Journal show consternation within the bank as multiple states began to investigate foreign exchange transaction pricing.
BNY Mellon Seeks Dismissal of New York Attorney General’s Lawsuit Over Currency-Trading
The world's largest custody bank has asked a court to dismiss New York’s currency-trading suit.