Frontlines

  1. Pass rate for Level III CFA exam in line with averages

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

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

    trueIf 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 billion takeover of RJR Nabisco Inc. that gave rise to the finance geek classic book and movie ...

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  2. Manager bonuses expected to be flat to 5% higher — Johnson Associates

    trueMoney 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.

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

    trueSometimes, the threat of a financial bazooka — massive financial support programs launched by governments, central banks or international organizations to support financial sectors — is all it takes to turn around investor sentiment.

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  4. Judge puts on hold SEC administrative enforcement action

    trueThe 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 Berman ruled in New York on Aug. 12.

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

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

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  6. CIO calls for more social responsibility

    trueThe 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 climate change and other socially responsible investments.

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  7. OMERS, ADIA part of group acquiring autobahn service stations

    trueOntario 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 hospitality company.

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  8. Big names lend a hand at Youth INC

    trueAlex 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-listers populating its boards.

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  9. New rule clarifies who's claiming GIPS compliance

    trueMost 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.

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  10. Korea SWF announces its external managers of the year for 2014

    trueThe $86 billion Korea Investment Corp. bestowed its “manager of the year” honor on AQR Capital Management for 2014, the second year in a row the sovereign wealth recognized the firm.

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  11. Florida allocation fills bill for risk mitigation

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

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  12. Strategic sales in private equity surging

    truePrivate 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 right.

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  13. CalPERS' hedge fund exit debated

    trueCalPERS' 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.

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