Frontlines

Pass rate for Level III CFA exam in line with averages

Pass rate for Level III CFA exam in line with averages

Of the 27,468 candidates who sat for the Level III CFA exam in June, 53% successfully passed, the CFA Institute announced.

August 24, 2015
When the going gets tough, the tough get . . . reading

When the going gets tough, the tough get . . . reading

David B. Wescoe, interim CEO of the San Diego County Employees Retirement Association, knows times are stressful at the $10.6 billion pension fund.

August 24, 2015
Private equity has evolved from 'Barbarians' of '80s

Private equity has evolved from 'Barbarians' of '80s

If the number of hostile takeovers continues its predicted rise this year, don't expect a repeat of the 1980s when private equity firms played a central role. One example from that era is the $25...

August 24, 2015
Load your bazooka, but don't fire it — research

Load your bazooka, but don't fire it — research

Sometimes, the threat of a financial bazooka — massive financial support programs launched by governments, central banks or international organizations to support financial sectors — is...

August 24, 2015

Manager bonuses expected to be flat to 5% higher Johnson Associates

Money management professionals can expect to see anywhere between no change and a 5% jump from last year's bonus payouts, said projections from compensation consultant Johnson Associates.

August 24, 2015

Judge puts on hold SEC administrative enforcement action

The Securities and Exchange Commission must stop an administrative enforcement proceeding because its appointment of judges hearing such cases is likely unconstitutional, U.S. District Judge Richard...

August 24, 2015
CIO calls for more social responsibility

CIO calls for more social responsibility

The chief investment officer of the University of California System, Oakland, called for more endowments and foundations to embrace investing in initiatives to help reduce environmental effects from...

August 10, 2015
OMERS, ADIA part of group acquiring autobahn service stations

OMERS, ADIA part of group acquiring autobahn service stations

Ontario Municipal Employees' Retirement System, Toronto, and Abu Dhabi Investment Authority are part of a group that will acquire Autobahn Tank & Rast Holding, a German automotive service and...

August 10, 2015
Big names lend a  hand at Youth INC

Big names lend a hand at Youth INC

Alex Navab, member and head of Americas private equity at alternative investment firm KKR & Co., is co-heading the national advisory board of Youth INC, a New York non-profit with Wall Street A-...

August 10, 2015
Timber manager puts family first for PGA pro - and his mom

Timber manager puts family first for PGA pro - and his mom

Professional golfers have lots of sponsors, but in the case of Ollie Schniederjans, one of his sponsors has pretty close ties to him.

August 10, 2015

New rule clarifies who's claiming GIPS compliance

Most of the mystery has been taken out of the number of investment management firms and asset owners that claim compliance with the Global Investment Performance Standards.

August 10, 2015

Tail-end funds drive secondary market in 2015

Private equity funds that are at the end of their lifecycles pushed worldwide sales of private equity limited partnership interests up 2.5% to $18.7 billion in the first half of this year, said a new ...

July 27, 2015
CalPERS' hedge fund exit debated

CalPERS' hedge fund exit debated

CalPERS' decision to exit hedge funds was the topic of debate again recently, this time at the CFA Institute's 60th Annual Financial Analysts Seminar in Chicago, July 20-23.

July 27, 2015
Florida allocation fills bill for risk mitigation

Florida allocation fills bill for risk mitigation

A strategic investments allocation implemented by the Florida State Board of Administration is providing the risk mitigation it was created to do.

July 27, 2015

Strategic sales in private equity surging

Private equity sales of portfolio companies to corporations could reach $264.4 billion by year-end, the total value of all of private equity exits in 2014, if predictions by PitchBook Data Inc. are...

July 27, 2015