AIG and Goldman Execs Defend Risky Trades Leading to Meltdown
Executives from American International Group Inc. and
Goldman Sachs are testifying today in a two-day FCIC
hearing, focusing on the role of derivatives during the
financial crisis.
News Archive: Jun - 2010
New York Pension Reevaluates BP Suit Yet Will Move Forward
Legal experts say the Supreme Court ruling
would likely hit claims from BP’s foreign shareholders in US courts
while also negatively impacting the position of US investors.
Japan Pension Wants United Fund
Takahiro Mitani, president of the world's largest pension fund, says
splitting the fund in two would be inefficient.
CalPERS and Other Bondholders Say Lehman Bankruptcy Plan Fuels Conflict
A group of 12 creditors says Lehman Brothers Holdings Inc.’s plan to pay claims fosters conflicts among creditors that may lead to lawsuits.
UK Report Urges Schemes to Invest Responsibly
Ten years after the UKSIF
introduced pensions disclosure regulation, the group is urging schemes
to increase their skills in sustainability governance.
Mutual Fund Firms Thrown Back Into Uncertainty With Passing of Byrd, Reversal of Brown
The death of Senator Robert Byrd and the wavering Senator Scott Brown may delay the approval of Wall Street overhaul rules, which has been a top priority for President Obama.
G20 Leaders Pushed to Fight for Shareholder Rights
In letters to Canadian Prime Minister Stephen Harper and Chung
Un-Chan, prime minister of South Korea, the International
Corporate
Governance Network urged G20 leaders to recognize the intrinsic
role of institutional investors in reforming shareholder
rights.
Losses at Bahrain's SWF More Than Doubled Amid Global Slump
Bahraini state investment fund Mumtalakat said losses soared last
year as it restructured some of its holdings.
SEC to Restrict Pay-to-Play After Industry Abuses
US
regulators are likely to restrict investment advisers from giving money
to politicians to win pension business after pay-to-play scandals.
What Obama’s DB Funding Relief Bill Means for Asset Owners
President Barack Obama signs legislation that offers funding relief for DB pensions; broader financial reform bill exits House-Senate committee, awaits final vote.
UK Pension Plan Assets Get 23.9% Boost
UBS Global Asset Management publishes Pension Fund Indicators 2010.
Investors Revisit Start-Up HFs
Patric de Gentile-Williams, chief operating officer of hedge fund
seeding specialist FRM, says he’s seeing the most sophisticated
investors backing up start-up or small hedge funds again.
Study: Multiemployer Plans Considering Changes in Wake of Poor Funding Status
Trustees
say volatility and funding status concerns influence considerations for
new allocation strategies, a new SEI survey reveals.
DIC Pension to Renew RE Investing; World's Biggest Pension to Split Assets
In Japan, the
DIC pension plan is looking to diversify into real estate, while the
GPIF is indicating a move to make the fund more transparent to the
public.
San Diego Public Pension Looking to Boost HF Allocations, Avoid Salary Caps
SDCERA
is seeking to increase
the allocations to its global
macro hedge fund managers, while also looking to avoid salary
caps.