Real estate investment firm The Townsend Group cost the Dallas Police & Fire Pension System up to $1.2 billion in damages by failing to adequately warn it of the risks of investing in undeveloped land, the pension plan told a Texas state court jury Wednesday.
Former Citadel analyst Gregory Blotnick has been sentenced to over four years in prison by a federal judge in Newark, New Jersey, after claiming $4.6 million fraudulent Covid relief loans for his start-up hedge fund Brattle Street Capital LLC, according to a report by BNN Bloomberg.
Most traditional hedge funds getting into digital assets are still just ‘dipping their toes’ in the water with 57% having less than 1% of total AuM in digital assets.
On the same day Dimon said the economic storm is “right out there down the road coming our way,” star strategist Marko Kolanovic, who was ranked the No. 1 equity-linked strategist in last year’s Institutional Investor survey, said the US stock market is poised for a gradual recovery in 2022.
What can we learn from institutional allocator best practices on embedding diversity equity & inclusion in legal and governance documents, signing DEI pledges and codes, and harnessing investment consultants toward DEI?
Cook County and the Illinois Municipal Retirement Fund reported improving pension health, while the unfunded liabilities of Chicago funds worsened in 2020.
New Hampshire’s pension fund managers are trying to ride out volatile swings in the stock markets that are impacting retirement systems across the country.