Fund managers display no greater investment skill investing in businesses from their own industry than those from other sectors, a study finds.
Institutional investors and their consultants are among the individuals and organisations responsible for tip-offs to the Securities & Exchange Commission's newly created Whistleblower Program.
Global - Half of the Global Pensions 100 Panel believe the Securities and Exchange Commission should issue new regulations on proxy access after its original rules on the matter were overturned in the courts.
US - The Securities and Exchange Commission yesterday approved new proxy rules that give shareholders more say over who sits on corporate boards.
US - The US Senate has approved the largest overhaul of financial regulation since the Great Depression, aimed at averting a repeat of the recent credit crisis.
The US Securities and Exchange Commission has accused a former Schroders Investment Management North America portfolio manager of using confidential information to encourage his family members to offload their shares in funds he managed.
US - The Securities and Exchange Commission has accused a former Schroders Investment Management North America (SIMNA) portfolio manager of using confidential information to encourage his family members to offload their shares in a fund he managed.
US - George Canellos, the head of the Securities and Exchange Commission's Manhattan office, said he is pushing his staff to scrutinize products normally sold to institutional investors after the financial crisis showed that even sophisticated buyers...
US - Some of the largest pension fund investors and corporate governance experts in the US have urged senators not to undermine key provisions in a bill proposing sweeping reform of the US financial system.
EUROPE - Hedge fund trade bodies have reacted with some dismay to the Committee of European Securities Regulators' (CESR) proposal for a pan-European disclosure regime for short selling.