In The News
The Employes’ Retirement System of the City of Milwaukee, a pension fund that covers over 12,500 city retirees and their survivors, reached a settlement in a lawsuit where the Milwaukee pension fund alleged losing “hundreds of millions of dollars” due to a fraudulent scheme.
Allianz Global Investors, a multinational investment firm based in Germany, is facing federal fraud charges – and the announcement comes just over two months after the Virginia Retirement System closed its account with the company.
A Fifth Circuit panel ruled Wednesday that the U.S. Securities and Exchange Commission’s use of in-house courts to bring a securities fraud case against a hedge fund manager was unconstitutional.
About a third of hedge funds invest in ESG-dedicated strategies leading to investment demand being considered a ‘primary driver’ in improving ESG, research from BNP Paribas shows.
Germany’s Allianz has agreed to pay about $6 billion and its U.S. asset management unit will plead guilty to fraud after a group of its multibillion investment funds collapsed amid market turmoil triggered by the coronavirus pandemic in 2020.
That indicates they’re pessimistic about financial markets, as investors often hold cash as an alternative to stocks and bonds.
According to Citco, the largest funds with more than $3 billion in assets under administration recorded the steepest losses at -4.1%.
Student activists garner more headlines than pensioners. And maybe that’s a good thing.
Businesses are balking at the agency’s plan to require them to tally their impact on the environment and the risks they face from climate change.
Harvard Today released its 2020 tax filings, covering fiscal year 2021 (July 1, 2020, through June 30, 2021), including information on the earnings of University leaders, and the accompanying Harvard Management Company (HMC) disclosure of senior employees’ compensation for calendar year 2020.