Pension Fund

Abiodun government denies embezzling 3.9 billion naira pension fund

Ogun State Governor Prince Dapo Abiodun has denied embezzling 3.9 billion naira to pay local government retirees. Abiodun, who said this in response to the protest from the Ogun State Section of the Association of Local Government Retirees of Nigeria (LOGPAN) over unpaid gratuities owed to its members, reaffirmed the …

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The pension fund is unlikely to get a second chance in the MiMedx class

By Brett Barrouquere (September 24, 2021, 5:22 p.m. EDT) – A federal judge in Georgia said Friday he would likely reject a pension fund effort to reopen a securities fraud class action lawsuit against MiMedx Group Inc., stating that there are no new arguments raised since dismissing the fund’s claims …

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No 9th Circ. Rehearsal in VW bondholder issuance trial

By Mike Curley (September 23, 2021, 4:05 p.m. EDT) – The Ninth Circuit said on Thursday it would not grant a rehearing of a lawsuit alleging Volkswagen AG misled bondholders by buying overvalued bonds while hiding the existence of devices intended to cheat emissions tests. In a brief order, the …

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Hedge funds continue to enter credit, but there are signs of slowing

Credit continues to be a lure for hedge funds. Credit accounted for 14% of all hedge fund strategies in 2020, up from 12% in 2019, the highest growth rate on record, according to Preqin. Pension funds and private sector foundations are among the largest recipients of these funds. Sam Monfared, …

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German pension funds often opt for Masterfonds mandates | New

According to Clemens Schuerhoff, managing director of consulting firm Kommalpha, pension fund allocations to Spezialfonds are mostly managed – estimated at 75-80% – in the form of Masterfonds mandates. Official figures on the allocation in Masterfonds vehicles by pension funds remain unpublished, Schuerhof told IPE, but Kommalpha has been able …

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Women-Led Jeito Capital Closes $ 630 Million Life Sciences Fund

Jeito Capital, based in Paris, announcement the final close of his first fund, Jeito I. The initial target was 500 million euros but reached 534 million euros (630 million US dollars). It is the largest venture capital fund in Europe focused on life sciences. So far, the fund’s investments include …

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Modern portfolio theory ignores critical systemic risk, says author

The world and the stock market were in a very different situation when economist Harry Markowitz won the Nobel Prize for his modern portfolio theory almost 60 years ago. His pioneering work, which quickly became canon, posits that investors could build an efficient, diversified and risk-responsive portfolio by considering how …

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After rejecting fourth union-backed contract, thousands of Washington state carpenters strike

An estimated 2,000 carpenters in Seattle and across Washington state began their first strike Thursday in nearly two decades after rejecting the fourth proposed contract accepted by the United Brotherhood of Carpenters and Joiners of America (UBC). Grassroots carpenters are seeking to extend their strike to other construction sites, where …

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Unpaid pension contributions reach $ 3 billion

The Chronicle Business journalistThe Insurance and Pensions Commission (IPEC) has threatened to expose the delinquent pension funds, fearing that unpaid pension contributions may have reached $ 3.05 billion in the first half of 2021. In a statement marking the commemorations of International Retirement Awareness Day, celebrated annually on September 15, …

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The Canadian fund sells 2% of SBI Life

MUMBAI: The Canada Pension Plan Investment Board (CPPIB) sells up to 2.3 crore of shares of SBI Life Insurance, representing about 2.3% of the company, for around Rs 2,800 crore. CPPIB mandated BNP Paribas to execute the trade through block trades on Thursday. The Canadian pension fund has set a …

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