Entries tagged "pensions"
While New York Attorney General Andrew Cuomo's attempts to clean up after the pay-to-play scandal, the broader issue of how to deal with placement agents has proved a challenging one.
With Canada worried about the future of its venture capital industry, Omers Administration, one of the country's largest pension funds, said it would raise its VC funds to as much as 3% of capital.
More banks are cutting back compensation and pension plans to secure capital. The latest include Societe Generale , Macquarie Group and Wells Fargo.
While the public and politicians rage against Wall Street fat cats, they really should turn their attention to the pension systems that threaten state budgets.
The Labor Council for Latin American Advancement is concerned MBIA Inc.'s renege on plans to downstream $900 million in capital toward its battered bond insurance business, and rather hold the money for a later date to potentially use it to capitalize a new municipal debt insurance subsidiary, could hurt pensioners that hold MBIA insured bonds. ...
If there's not enough bad news in the private equity industry these days, consider this: Imagine if the two largest U.S. pension funds, the California Public Employees' Retirement System and the California State Teachers' Retirement System, exited the business. That could happen if the obscure Responsible Private Equity Investment Act of 2008 bill (AB 1967) becomes California law....
