JP Morgan has agreed to pay $153.6 million to settle US regulatory claims that it misled pension funds and other investors while selling a product linked to risky mortgages as the housing market crumbled.
A report by PricewaterhouseCooper has argued that new and future regulations are placing strains on hedge funds’ infrastructures and that hedge funds need to expand their back office staff in order to survive.
Following concerns that financial firms may have violated bribery laws in dealings with Libya's sovereign wealth fund, the Securities and Exchange Commission has requested information from ExxonMobil, ConocoPhillips and Occidental Petroleum Corp. about their Libyan connections.
As Japan's first wave of baby boomers are set to turn 65, becoming eligible for pension payments, Japan's Government Pension Investment Fund (GPIF) Chairman Takahiro Mitani says he still expects asset sales to remain steady in the year to March 2013.
On behalf of at least 1,800 investors, a federal judge has ruled that Bank of America's Merrill Lynch unit faces a group lawsuit over its mortgage-backed securities.
Fewer than two months after the controversial departure of Cornell University’s chief investment officer Michael Abbott, senior investment officer John Regan has announced that he will also resign.
Asian infrastructure represents one of the best ways to capture growth in the region’s booming economies, a survey by J.P. Morgan Asset Management shows.
A new report from Coller Capital shows that while investors in private equity funds plan to increase their exposures to Australasia and South Korea, exposure to Japan is expected to stagnate or fall.
Mohammed El-Erian, chief executive officer of Pacific Investment Management Co. (PIMCO), has warned that the European Union risks wasting billions and possibly precipitating a wider sovereign debt crisis as a result of inaction in Greece.
The CIC is targeting mining, real estate, and infrastructure investments in the Americas as demands for energy are expected to climb as incomes rise in emerging markets.
