Lehman Brothers

US - State Street Corp. has reached a settlement with the SEC and Massachusetts authorities that results in the firm ultimately paying US$663m to investors who lost money in active fixed income strategies run by State Street Global Advisors.

2009 seems to have been a long year in the world of pensions - and a year many will, no doubt, be glad is over.

Giovanni Legorano looks at how pension funds' approach to portable alpha has had to evolve

Giovanni Legorano looks at how pension funds' approach to portable alpha has had to evolve

Gill Wadsworth reports on how trustees are dealing with the continuing funding crisis

GLOBAL - On the first anniversary of the collapse of Lehman Brothers, fund management groups agree it was the "erroneous" decision to let the investment bank fail which almost crippled the global financial system.

On the first anniversary of the collapse of Lehman Brothers, fund management groups agree it was the "erroneous" decision to let the investment bank fail which almost crippled the global financial system.

Although the buyout market is showing signs of recovery, Sebastian Cheek explains that its expense still forces many DB schemes to seek alternative ways of removing risk from their balance sheets

Emma Cusworth examines how transition management has been impacted by the credit crunch and how the re-shaped industry aims to push forward

James Maggs argues that liability driven investment (LDI) appears to have survived the economic meltdown