571px-EU-Netherlands.svg

Netherlands Regulator: Some Pension Funds Not Doing Enough to Manage Conflicts of Interest

The Nederlandsche Bank (DNB), the entity that regulates the Netherlands’ pension funds, is concerned that some pension funds have not implemented adequate policies protecting against conflicts of interest. From Investments and Pensions Europe: Most pension funds’ boards pay insufficient attention to potential conflicts of interest of policy makers, ...
5098047186_6c8ccc4c04_z

Private Equity Firm Allows Investors to Hire Advisor to Monitor Governance, Review Financial Records

A New York Times report over the weekend posed the question: is private equity becoming less private? One private equity firm, Freeman Spogli & Company, recently revealed that it allowed investors in one of its funds to hire an outside adviser to “monitor the fund’s practices”. Investors in the fund include several of the country’s largest ...
6451642447_4356164259_z

UK Environmental Regulator Accused of “Clear Conflict of Interest” In Pension Fund Investments

A report by the Independent claims that the pension portfolio of the UK’s Environment Agency – the government body charged with protection of the environment in England – contains numerous investments in industries that the Agency regulates. The portfolio holdings may present a conflict of interest for the Agency. From the Independent: The Environment ...
10346199674_0f4b4a5a1f_z

New Jersey Pension Encounters Difficulty Exiting Investment With Firm At Which Mary Pat Christie Holds Top Job

It’s been nearly four years since New Jersey’s pension system terminated an investment with Angelo, Gordon & Co, an investment firm where Mary Pat Christie, wife of Gov. Chris Christie, is managing director. But as the International Business Times reports, the pension system is still paying fees to the firm because certain portions of the investment ...
4555108439_c3aba7565b_z

Questions Raised About “Dual Structure” of Governance At San Diego Pension Fund

Most of the news surrounding the San Diego County Employees Retirement Association (SDCERA) has been about the board’s decision to move on from its outsourced CIO, Salient Partners. But also noteworthy are parts of SDCERA’s governance structure. At least one expert has raised concerns about the effectiveness of the fund’s “dual” reporting ...
9297331160_73abab5e87_z

Brazil Fines Pension Fund Over Board Voting Violation

Brazil’s securities regulator fined one of the country’s largest pension funds Tuesday for violating rules regarding the election of board members of Brazilian companies in which the pension fund is invested. Reuters reports: Brazil’s securities industry watchdog CVM fined late on Tuesday the pension fund owned by workers of state-controlled ...
Bruce_Rauner_August_2014

Firms Managing Illinois Pension Money May Have Skirted Pay-to-Play Rules By Donating To Rauner Campaign

Over the course of his campaign, Illinois governor-elect Bruce Rauner accepted contributions from executives from firms that manage portions of the state’s pension money, according to a new report from David Sirota. Those contributions may violate SEC pay-to-play rules, under which investment firms can’t make donations to politicians that have ...
5857462455_b0929c5cbe_z

New Jersey Blocks Public Release of Pension Pay-to-Play Investigation

In 2011, politician and businessman Charlie Baker made a $10,000 contribution to the New Jersey Republican State Committee. At the time, he was a partner at General Catalyst, a venture capital firm. Months later, New Jersey’s pension system gave a contract to General Catalyst to manage the state’s pension money. After the potential conflict of ...
3268806794_8f205cc571_z

CalPERS Board Member Faces Quadrupled Fine After Repeatedly Failing To Disclose Campaign Finances

CalPERS board member Priya Mathur failed to turn in campaign finance and conflict of interest statements in 2002, 2007, 2008, 2010, 2012 and 2013. She’s been fined numerous times, but her next one is going to be bigger the biggest yet: the panel that levies the fines has agreed to quadruple Mathur’s latest fine, from $1000 to $4000. From the Sacramento ...
4773510477_f3dfbac81f_z

Documents Shed New Light on Alleged Conflicts of Interest In New Jersey Pension System

Gov. Chris Christie has shielded his state’s pension system in recent weeks from allegations of conflicts of interest by asserting one thing: the State Investment Board doesn’t have input in pension investment decisions, it only loosely oversees them. But new documents obtained by the International Business Times suggest that the Council does have ...
Privacy Policy | © 2020 Pension360 and © 2014 Policy Data Institute | Site Admin · Entries RSS ·