BofA Profits From Buffett's Capital Injection
Berkshire Hathaway's Warren Buffett has made a major investment in the largest US bank.
News Archive: Aug - 2011
Lehman Execs Aim to Settle Investor Lawsuit for $90 Million
Court documents show Lehman Brothers Holdings executives, including former Chairman Richard Fuld, are seeking the release of $90 million in insurance funds to settle a potential multibillion-dollar lawsuit brought by shareholders.
JP Morgan: Institutional Investors Take Advantage of Lackluster Markets by Rebalancing
According to JP Morgan, institutional investors are increasingly rebalancing their portfolios following recent market volatility, targeting investments in high-dividend equities, active emerging markets and selective commodities.
Survey: Pensions Seek Alts on Volatility Concerns; Inconsistent Use of LDI
A new poll by SEI asserts that more pensions are using alternatives, with LDI strategies inconsistently used.
India, China Capture Lion's Share of Total Emerging Market PE Investment
Data from the Emerging Market Private Equity Association (EMPEA) shows India and China have taken 68% of total emerging market private equity investment.
UK Scheme Battles Criticism for £24M Tobacco Investment
Kent County Council has encountered scrutiny from campaign groups for investing £24 million of its pension fund portfolio in tobacco companies.
Agecroft Partners: Hedge Funds Better-Equipped Since 2008
Agecroft Partners says that hedge funds are better prepared today as a result of the 2008 financial crisis.
Moody's Lowers Japan's Rating; No Shock to Investors
Moody's downgrade of Japan's sovereign debt may seem unexpected, but investors are not surprised by the decision.
Gulf Investment Corporation Appoints Russell Read as New CEO, CIO
The Gulf Investment Corporation has announced the appointment of Dr. Russell Read as Deputy CEO and Chief Investment Officer.
Obama Appoints New Federal Retirement Thrift Investment Board Chairman
Michael Kennedy has been designated as chairman of the Federal Retirement Thrift Investment Board by President Barack Obama.
OTPP and Jana Demand Division of McGraw-Hill
McGraw-Hill is moving toward a spin-off of its education business as it continues a restructuring of the company, driven by shareholder pressure.
Amid Turbulent Times, SPDR Gold Shares Emerge as World's Largest ETF
Assets are continuing to flow into the gold bullion ETF as they flow out of the S&P 500 ETF.
Report: Amid Rising Popularity of Mergers, Australia's Superfunds Should Remain Wary of Drawbacks
Research conducted by Russell Investments warns that the growing trend for mergers among Australia's industry superannuation funds may not be serving the best interests of members.
Local, State Credit Downgrades May Follow S&P Downgrade of US Debt
In a recent report, ratings agency Standard & Poor's revealed that state and local governments are likely to face credit downgrades following a finalization of the US budget.
ADIA to Rejigger External Equities Teams
The Abu Dhabi Investment Authority (ADIA) aims to streamline relationships with external fund managers to aid in pooling information within the organization, Reuters has reported.