SEC Finds Illegal Trading by Legg Mason Asset Management Arm
Western Asset Management had purchased prohibited securities that resulted in significant losses to employee benefit plans, according to the SEC.
News Archive: Jan - 2014
Five Risks of Impact Investing—and How to Overcome Them
Bridges Ventures and Bank of America Merrill Lynch have compiled a de-risking toolkit for investors considering impact investment.
Kuwait Buoyant on Infrastructure, but Cool on Stocks
The Kuwaiti sovereign wealth fund will focus on increasing its infrastructure investments in UK, US, and European markets.
CIO Profile: Hedge Fund Hopes and Governance Goals
Ian McKnight, CIO of the leaner Royal Mail pension fund, on hedge fund investing and getting the best from advisers.
Infographic: 2013 Periodic Table of Hedge Fund Returns
The ever-popular infographic of hedge fund strategy returns has been updated with full 2013 performance. Who’s on top, and who missed the mark? Find out…
Giant Norway Investor Pushes Sustainability Drive
Pensions and life insurance provider Storebrand is cutting its carbon footprint and trying to stop deforestation.
Vervoer CIO to Take Up Northern Trust Role
Patrick Groenendijk will become a practice leader in fiduciary management at the company’s Chicago office.
Plummeting Investment Income Pushes Insurers to Diversify
Insurers will likely venture into unchartered assets this year in pursuit of income, BlackRock predicts.
Michigan Governor Offers a Helping Hand to Detroit Pensions
The bankrupt
city may receive a generous contribution of $350 million from its home state, in
addition to the privately raised $330 million.
AIMCo's Jagdeep Bachher Appointed CIO of the University of California
The Canadian
will leave Alberta to manage University of California Board of Regents’ $80
billion fund.
The True Burden of Unfunded Liabilities
The deficit
of US cities’ pension funds ranges between under $1000 and $18,000 per
resident, according to Morningstar.
Which Equities Helped UK Charities and Pension Funds?
State Street data has revealed the driving force behind 2013’s double-digit returns for the institutions.
Libya SWF Sues Goldman Sachs
The investment bank is being taken to task over selling poorly performing structured products.
What Do You Want from your Real Assets?
All real assets are not created equal and investors have to be sure of what they need before committing.
Alternatives Reach Over $6 Trillion in AUM in 2013
Hedge funds
recorded double-digit returns in 2013, resulting in investor satisfaction and a
hike in asset growth to $2.66 trillion, according to Preqin.