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Newsmakers March 18, 2010

SDCERA Backpedals, Seeks Competing Bids for Investment Outsourcing

The San Diego County pension Board of Retirement– which two weeks ago was presented with a proposal by the fund’s CEO to outsource its entire investment staff via a no-bid contract – today approved a measure that would in fact open up the process to competing firms.

Regulation March 18, 2010

Former Hevesi Adviser Denies Wrongdoing; Faces Up to 25 Years in Prison

The former chief political adviser to ex-New York state Comptroller Alan Hevesi said the indictment against him should be dismissed.

Regulation March 18, 2010

Pension Suit Over Canadian Bank’s Subprime Holdings Dismissed

The judge ruled that like many other financial institutions, the bank failed to forecast the meltdown that led to record losses.

Asset Allocation March 17, 2010

Investors to Add Billions to Hedge Funds

Hedge fund investment is expected to reach up to $222 billion, marking the first time inflows are seen to exceed outward flows since 2007.

Newsmakers March 17, 2010

SDCERA to Meet on No-Bid Outsourcing of Investment Staff

In a Board meeting scheduled for March 18, the San Diego County Employees’ Retirement Association will vote on whether to proceed on or further discuss the outsourcing of it’s investment staff to Lee Partridge’s Integrity Capital, as well as a shift in asset allocation.

Asset Allocation March 17, 2010

Lost Opportunity for UK Pension Funds

By failing to renegotiate fees they charge, fund managers are losing the chance to save more than $151 million annually in fees.

Newsmakers March 16, 2010

CalPERS Board Removes Shareholder Proposal Limit

The largest US pension fund voted to lift the limit on the number of shareholder proposals its staff can issue and announced plans to increase the accountability of directors through a majority vote policy.

Asset Allocation March 15, 2010

Abu Dhabi SWF Becomes Less Distant

The traditionally clandestine fund, which has rarely revealed any details of its investment strategy or investments, becomes more open.

Newsmakers March 15, 2010

Transcript: Michael Lewis in Full

ai5000's Joe Flood sits down with bestselling author Michael Lewis to discuss his new book “The Big Short: Inside the Doomsday Machine,” the shifts in Wall Street culture, and today's financial landscape.

Regulation March 15, 2010

EU Forges Ahead With New Hedge Fund Rules, Despite Objections From Britain, US, Canada

Treasury Secretary Geithner claims the EU law, formed to regulate alternative investment vehicles, would negatively impact US fund managers and banks.

Newsmakers March 15, 2010