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Hedge fund returns off to sluggish start

Hedge funds have suffered the worst start to the year since 2011.

April 18, 2014 | 05:17 pm

MoneyTree Report: Venture capital investments up for the quarter; deal volume down

U.S. venture capital firms invested $9.5 billion in 951 transactions in the first quarter, with more money in fewer deals than in the fourth quarter of 2013 when venture capital firms spent $8.4...

April 18, 2014 | 04:16 pm
Maryland State Retirement sues BP over Deepwater Horizon explosion

Maryland State Retirement sues BP over Deepwater Horizon explosion

Maryland Attorney General Douglas F. Gansler's office announced on Friday it is filing a lawsuit against BP PLC for losses sustained by the $44 billion Maryland State Retirement & Pension System,...

April 18, 2014 | 03:19 pm

BCIMC calls for 30% requirement for women on boards, in senior management

British Columbia Investment Management Corp. is calling for the Ontario Securities Commission to require Canadian corporations to reserve at least 30% of the positions for directors and senior...

April 18, 2014 | 02:13 pm
Christian Brothers doesn't want Buffett on Berkshire Hathaway's board

Christian Brothers doesn't want Buffett on Berkshire Hathaway's board

Christian Brothers Investment Services is opposing the election of all Berkshire Hathaway Inc. directors, including Warren E. Buffett, chairman and CEO.

April 18, 2014 | 12:13 pm

Austin Police Retirement System names 4 finalists in midcap equity search

Austin (Texas) Police Retirement System selected finalists in its search for active domestic midcap equity managers, CEO Sampson Jordan wrote in an e-mail.

April 18, 2014 | 11:43 am

Denver Employees approves new asset allocation with boost to alternatives

Denver Employees Retirement Plan has increased targets to private equity, private senior debt, distressed debt and private energy following an asset-liability study.

April 18, 2014 | 12:02 pm

University of Michigan allocates $242 million to 6 managers

University of Michigan, Ann Arbor, invested or committed a total of $242 million to one traditional equity manager and five alternative investment funds from its $9 billion endowment.

April 17, 2014 | 04:30 pm
Both sides in Tussey vs. ABB case file requests to appeal court ruling

Both sides in Tussey vs. ABB case file requests to appeal court ruling

Plaintiffs and a defendant have filed dueling requests to appeal a recent court ruling in the complex ERISA fiduciary-breach case Tussey vs. ABB.

April 17, 2014 | 03:30 pm

Treasury Department starting unit that includes oversight of public pension funds

The Treasury Department is creating an Office of State and Local Finance to coordinate the department's efforts to oversee developments in state and local financial markets, including public pension...

April 17, 2014 | 05:21 pm

More than half of Canadian pension funds eye further derisking measures

Seventy-one percent of Canadian defined benefit plans surveyed by benefits consultant Morneau Shepell said they've taken steps to derisk their plans since 2008.

April 17, 2014 | 04:32 pm

Libyan Investment Authority looking to allocate $11 billion

Libyan Investment Authority, Tripoli, plans to hire external managers to run $11 billion of its assets under a restructuring plan, said Abdulmagid Breish, chairman of Libya's $66 billion sovereign...

April 17, 2014 | 04:24 pm
SEC proposes additional requirements for swaps dealers

SEC proposes additional requirements for swaps dealers

Swaps dealers would be required to maintain daily security-based trading records under proposed rules announced by the SEC on Wednesday.

April 17, 2014 | 04:20 pm

Blackstone Group assets climb 2.2% for quarter, 24.5% for year

Blackstone Group reported Thursday a record $271.7 billion in assets under management as of March 31, up 2.2% from Dec. 31 and up 24.5% from a year earlier.

April 17, 2014 | 04:10 pm

GSAM assets under management up 4% in quarter

Goldman Sachs reported $956 billion in assets under management for its Goldman Sachs Asset Management and wealth management businesses as of March 31, up 4% from three months earlier and up 11% from...

April 17, 2014 | 04:05 pm