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US
US - New York state attorney general Andrew Cuomo sued Bank of New York Mellon's investment advisory unit Ivy Asset Management for allegedly misleading clients about investments tied to Bernard Madoff.
12 May 2010
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Spain
SPAIN - The Spanish government is set to freeze state pensions for 2011 as part of a package of measures aimed at reducing the country's ballooning deficit and send a positive signal to markets.
12 May 2010
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Global
GLOBAL - Private equity investors like pension funds can expect the cost of their investments to increase as they require their managers to provide supplementary and timelier information, said KPMG partner Anthony Cecil.
11 May 2010
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Canada
CANADA - The Canada Pension Plan Investment Board (CPPIB) has bought a minority stake in the 50-storey McGraw-Hill building in the heart of Manhattan for US$576m, including debt and working capital.
10 May 2010
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US
US - The New York State Common Retirement Fund (CRF) and the five New York City public pension funds have reached a preliminary class action settlement agreement for US$624m with Countrywide Financial Corporation.
10 May 2010
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Investment
The Economic and Monetary Affairs Committee of the European Parliament has postponed today's vote on the Alternative Investment Fund Managers directive to May 17, in order to give "more consideration to the opinion of the Legal Affairs Committee".
10 May 2010
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Europe
EUROPE - The Economic and Monetary Affairs Committee of the European Parliament (ECON) has postponed today's vote on the Alternative Investment Fund Managers directive (AIFM) to May 17, in order to give "more consideration to the opinion of the Legal...
10 May 2010
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France
FRANCE - The Fonds de Réserve pour les Retraites (FRR) gained 2.6% during the first quarter, according to estimated and unaudited data supplied by the fund.
10 May 2010
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United Kingdom
UK - The Merchant Navy Officers Pension Fund has secured a further £100m (US$149.9m) of liabilities after signing a second buy-in deal with Lucida.
10 May 2010
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US
US - BlackRock Inc. and the largest US business lobby groups are fighting to strike a provision in the regulatory-overhaul legislation that they say could harm millions of investors in retirement plans and pension funds.
10 May 2010
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