Houston, We Have a Libor Problem
Houston and Sacramento County join the swell of cities suing banks for Libor manipulation.
News Archive: Jul - 2013
ConvergEx Shutting Down Non-US Transition Management Business
The New York-based firm is pulling back its once-global reach.
SLI’s Stern: ‘Deep Bench’ Will Keep GARS Performing after Munro Exit
The new head of the peer-beating GARS fund has told investors it’s (almost) business as usual.
New Leader for Singapore’s Sovereign Wealth Fund
Seasoned Chairman Suppiah Dhanabalan is set to retire, making way for former politician and corporate board member Lim Boon Heng.
New Auditor Rules to Promote Effectiveness
Auditors must be reviewed every five years, the UK’s Competition Commission has declared.
The End of False Dawns for Land of the Rising Sun?
A JP Morgan Asset Management paper has claimed the time is right for Japan to shake off its deflationary shackles, making it attractive to investors once more.
Vanderbilt Gets New CIO
Anders Hall, formerly of Duke University’s investment team, heads to the $4 billion endowment.
LGIMA Adds LDI Veteran to its Roster
Jodan Ledford has left UBS’ asset management team to lead Legal and General Investment Management America’s LDI endeavors.
SEC Lets Kentucky off the Hook Over Placement Fees
After a multi-year inquiry, the regulator will not charge Kentucky's pension system with any violations over the millions it has paid indirectly to placement agents.
Major Public Pension Gets Agile with Derivatives Overlay
Pension Profile: The UK’s Merseyside Pension is tired of missing out on performance by being too slow to react.
PIMCO’s Bill Gross: QE Tightening Won’t Happen until 2016
Gross takes to social networking site Twitter to reassure investors QE tapering is a long way off.
Bernanke Prompts Volatility Spikes in the East
Asian investors are becoming jumpy about US tapering, leading to a rise in volatility levels for the first time in more than a year.
GSAM Manager: ‘Disappointment’ Ahead for Certain Bond Strategies
Historical returns hold little wisdom for future fixed income markets, a Goldman Sachs Asset Management specialist argues.
Multi-Asset Hero Departs Standard Life Investments
Another member of the original GARS team has left the fund.
Are Hedge Funds AIFMD Ready? Er, No.
Preqin research finds 78% of hedge fund managers are still not compliant with forthcoming AIFMD regulations.