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SEC charges Gray Financial Group for defrauding public pension funds
trueThe Securities and Exchange Commission announced fraud charges Thursday against Gray Financial Group for allegedly selling unsuitable investments to the $1.3 billion Atlanta General Employees’ Pension Fund and pension funds for the city’s firefighters and police officers, as well as the MARTA/ATU ...
SEC grants waivers to banks settling criminal cases
trueThe Securities and Exchange Commission has granted waivers to the five banks allowing them to continue to serve as investment advisers and to issue securities after settling criminal charges of manipulating foreign-exchange markets and benchmark interest rates.
Jupiter beefs up emerging markets team with focus on Asian income strategy
trueJason Pidcock to join Jupiter’s emerging markets team.
SEC proposes rules requiring more fund disclosure, including on derivatives
trueThe Securities and Exchange Commission announced Wednesday a series of proposals aimed at modernizing and enhancing data reporting by registered investment companies and investment advisers.
Russell, Ping An end China-based joint venture
trueRussell Investments and China-based financial services conglomerate Ping An Insurance Co. of China agreed to end a joint venture they established in 2011.
6 banks to pay $5.6 billion over manipulating foreign-exchange markets
trueSix banks will pay a combined $5.6 billion to settle charges that they manipulated foreign-exchange markets.
SEC to propose that mutual funds disclose risk of rate rise
trueThe Securities and Exchange Commission is set to propose a requirement that mutual fund companies report how vulnerable their bond portfolios are to interest rate changes, said two people familiar with the matter.
Columbia Threadneedle adds European equities portfolio manager
trueMark Nichols was appointed portfolio manager in Columbia Threadneedle Investments’ European equities team.
Pioneer Investments recruits head of U.S. business development
trueHenry Orvin was named senior vice president, head of business development in the U.S. at Pioneer Investments.
Investcorp appoints chief risk officer for hedge fund business
trueSunil Gaglani was named chief risk officer of Investcorp’s hedge fund business.
BofA: Managers reducing higher-risk allocations in favor of cash
trueMoney managers are increasing their cash holdings and reducing allocations to higher risk assets, particularly in the U.S., said Bank of America Merrill Lynch's monthly fund manager survey.
INTECH recruits 2 business development managing directors
trueAndreea M. Georgiu and J. Bret Young joined INTECH Investment Management as managing directors, business development.
Aviva Investors promotes managing director to CEO of real estate group
trueEd Casal was promoted to CEO of Aviva Investors’ real estate group, replacing Ian Womack, who is retiring.
National Grid U.K. Pension Scheme selling in-house money manager
trueThe trustees of the National Grid U.K. Pension Scheme is looking to sell its in-house money management business, Aerion Fund Management, as it moves to outsource the management of its £17.3 billion ($27.1 billion) of assets.
Pension Insurance Corp. taps new CIO
trueRobert Groves was named chief investment officer of Pension Insurance Corp., a specialist insurer of defined benefit plans.