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State Street settles lawsuit, bulks up legal reserve
By Barry B. BurrState Street Corp. will pay $89.75 million to settle a class-action lawsuit with a group of employee benefit plans invested in certain active fixed-income strategies managed by its SSgA unit.
View full storyEditor’s Pick
Panel: EC proposal could be death knell for some hedge funds
A European Commission draft proposal to strengthen regulations on alternative investment managers would hurt competition, restrict investor choice and put many hedge funds out of business, according to a report commissioned by the European Parliament's Committee on Economic and Monetary Affairs.
By Drew CarterNews
- CalSTRS sticks with PCA
- Blackstone assets up 4% in the third quarter
- RLJ latest to raise $500 million for PPIP
- Tate & Lyle eyes freeze on U.K. pension plan
- EBay settles with investor group over Skype deal
- Florida investment pool still target of SEC probe
- GSAM’s high-yield co-head lands at PIMCO
- Booth to help run RS High Yield Bond fund
LATEST HEADLINES:
- CalSTRS sticks with PCA (1 of 10)
- Blackstone assets up 4% in the third quarter (2 of 10)
- GSAM’s high-yield co-head lands at PIMCO (3 of 10)
- Duo joins Strategic Value Partners (4 of 10)
- Booth to help run RS High Yield Bond fund (5 of 10)
- Florida investment pool still target of SEC probe (6 of 10)
- RLJ latest to raise $500 million for PPIP (7 of 10)
- Tate & Lyle eyes freeze on U.K. pension plan (8 of 10)
- EBay settles with investor group over Skype deal (9 of 10)
- UBS picks new consultant relations chief (10 of 10)
Departments:
People
GSAM’s high-yield co-head lands at PIMCO
Andrew Jessop was named executive vice president and high-yield portfolio manager at PIMCO.
By Randy DiamondDuo joins Strategic Value Partners
Jay Teevan White was named director at credit and distressed debt investment firm Strategic Value Partners and Harold Siegel was named managing director of SVP’s investor relations group.
By Timothy InklebargerBooth to help run RS High Yield Bond fund
Kevin Booth was named co-portfolio manager of the $99 million RS Investments High Yield Bond mutual fund.
By Timothy InklebargerBlog Bank
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International
Panel: EC proposal could be death knell for some hedge funds
A European Commission draft proposal to strengthen regulations on alternative investment managers would hurt competition, restrict investor choice and put many hedge funds out of business, according to a report commissioned by the European Parliament's Committee on Economic and Monetary Affairs.
By Drew CarterTate & Lyle eyes freeze on U.K. pension plan
Tate & Lyle PLC officials are considering freezing the company's £732 million ($1.2 billion) U.K. pension plan to future accruals beginning in April 2011, according to an interim financial report.
By Thao HuaFunding ratio for U.K. pension insurance fund declines
Britain's Pension Protection Fund returned 13.4% for the year ended March 31, but increased claims resulted in a drop in the funding ratio to 88% from 91% the previous year, according to the fund's annual report.
By Thao Hua View more












