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.
As institutional investors increasingly embrace ESG investing and net-zero carbon emissions goals, suitable investment options have not kept pace, according to a recent report.
RFI for non-discretionary investment advisory services will result in an RFP process this summer as the organization’s bylaws require a search for the services to be conducted every five years.
The foundation has selected a new investment consultant to oversee its portfolio following a search from late 2021 and will recommend the firm to its board of trustees next month.
The fund will consider redeeming from a real estate manager next week due to continued underperformance as the strategy has been hampered by its concentration in office and retail.
Kernaghan is senior director of investments at the Chicago Community Trust, leading its impact investments program of donor-advised funds. She took the time to answer 5 questions with FIN News.