AXA Rosenberg Group, AXA Rosenberg Investment Management and the Barr Rosenberg Research Center have agreed to pay a total of $242m (£150m) to settle SEC charges after concealing a coding error from investors.
US - AXA Rosenberg Group, AXA Rosenberg Investment Management (ARIM) and the Barr Rosenberg Research Center (BRRC) have agreed to pay a total of $242m to settle SEC charges after concealing a coding error from investors.
US - Deficits of the pension funds sponsored by S&P 1500 companies were $45bn less at the end of January than they were a month earlier, figures by Mercer show.
SWITZERLAND - BlackRock has named Martin Gut as head of the institutional business in Switzerland.
DENMARK - Denmark's biggest pension fund ATP probably won't invest in top-rated bonds sold by Europe's rescue fund as it deems the securities to be too risky, said Henrik Gade Jepsen, the fund's chief investment officer.
US - Pension obligations will continue to weigh on states' credit ratings, Moody's Investors Service said in a report.
SPAIN - The Spanish government will raise the retirement age today in a renewed bid to restore investor confidence after a €20bn ($27bn) plan to shore up savings banks failed to tame the nation's borrowing costs.
GLOBAL - More and more pension funds in emerging markets are forgoing global equities in favour of emerging market equities, said Nick Lyster, European chief executive at Principal Global Investors.
BlackRock saw outflows of $121bn (£76bn) in 2010 on the back of its acquisition of Barclays Global Investors, but managed to increase total assets by 6%.
US - BlackRock saw outflows of $121bn in 2010 on the back of its acquisition of Barclays Global Investors, but managed to increase total assets by 6%.