News Archive: May - 2017

Investment bank to create fair fund to pay back clients.

As more money pours into the sector, concerns regarding the erosion of the illiquidity premium have percolated.

US property market 40% above 2007 peak on blended basis.

Goldman Sachs Asset Management managing director replaces interim CIO Tim Nguyen.

State legislature joint committee to hold hearings on fixing the state’s pension problem.

Inquiry relates to private equity investments, expenses, securities lending, and distributions of benefits.

Groups represent just 1.1% of the trillions of dollars overseen by the global asset management industry, report says.

Key issues include reforming minimum investment amounts, stricter oversight and reclassification of targeted employment areas (TEAs), and visa-processing inefficiencies.

Dependency on imports, stagnant productivity, and growing social imbalance prompt negativity from Algebris Investments founder.

Oil-rich nation seeks to diversify its economy and boost its private sector.

Mercer report indicates estimated aggregate deficit in April increased by $1 billion over March’s numbers.

State to reduce hedge fund investments by more than $500 million over two years.

Cash payments offered to shareholders didn’t represent “the company’s prospects and value,” complain alleges.

A new law changed the rules governing vacancies and terms of service.

JV makes its first investment, acquiring 11,031 acres of timberland in North Georgia.