PE Secondary Market Poised for Growth in 2010
A new survey by alternatives services and research company
Preqin shows deal volume is expected to increase on the secondary
private equity market.
News
US Institutional Plan Sponsors See Moderate Gains
Northern Trust reports that institutional investors posted
solid returns in the first quarter of 2010.
Dutch Pension Drops Goldman, Citing Falling Performance
Fund’s statement says Goldman
failed to meet expectations, yet does not refer to the civil fraud
charges filed April 16 against the U.S. bank.
CalPERS Eyes More Buyout Fee Cuts, CIO Presses for Wall Street Regulation
While the California fund giant is hoping to win fee cuts from other
private equity firms after Apollo Global Management agreed to
trim $125 million in fees, CalPERS' CIO is pressing for finance overhaul
to stop the casino atmosphere on Wall Street and restore confidence.
Ontario Teachers’ Looks for New PE Chief
Erol Uzumeri will leave Canada’s third-biggest retirement-fund
manager to start his own money management firm.
Survey: Greater Governance to Increase Alternatives
In a study of alternative asset managers, RBC Dexia found that
a clear majority of hedge funds believed greater governance of
alternative investments could result in an increased allocation to the
sector.
UK Regulator Takes Tougher Stance on Pension Corporation
The FSA has probed the specialist insurer and pension buyout firm to
explain its investment strategy.
Goldman CEO Blankfein Calls Fraud Case 'Totally Political'
Lloyd Blankfein counters the SEC's fraud allegations, signaling that
Goldman will aggressively fight the charges in court.
SEC Says Money Manager Stole $3M From Detroit Pensions
Onyx Capital Advisors, a firm
that invests in small and medium enterprises in the Midwestern and
Southeastern US states, and its founder have been charged with fraud for
stealing millions of dollars from Detroit pension funds.
Pensions Keep Vigilant Eye on Goldman Case
Public pension funds around the country are reviewing their
relationships with Goldman Sachs Asset Management.
UCLA Shifts Asset Allocation
The University of California’s retirement and endowment funds
portfolio have revised their asset allocations.
Apollo Agrees to Cut $125 Million in Fees It Charges CalPERS
New York's Apollo Global Management has agreed to trim the fees it
charges California fund giant CalPERS over the next five years.
Survey: Japan Pensions Raise Investments in Emerging Markets
A new survey reflects an aim by Japan pension plans to diversify
assets by decreasing exposures to domestic stocks and looking to
emerging markets.
Ohio Pensions Lost $480 Million After Lehman Collapse
Ahead of Tuesday hearings on the 2008 collapse of the banking giant,
state records show Ohio pensions suffered hundreds of millions of
dollars in losses.
CalPERS ‘Disturbed’ by Goldman Fraud Case
The country’s largest government pension fund, which owns 1.8 million
shares in the embattled investment bank, says the fund’s corporate
governance staff will examine Goldman practices and influence the makeup
of Goldman's board if needed.