Henry Morris will pay $19m and accept a permanent ban from the securities industry in New York State as part of his guilty plea in New York’s pay-to-play pension investigation.
2 min read · 24 January 2013
Jennifer McHugh will act as the agency's lead regulator for the $39trn asset management industry following Andrew Donohue's departure earlier this month.
2 min read · 24 January 2013
Citibank is to become MGPA’s anchor tenant at its mammoth Marina Bay development. The investment bank is to take 250,000 sq ft on a 10-year lease at the development’s Asia Square Tower 1 development.
2 min read · 24 January 2013
Investors targeting infrastructure funds are increasingly in favour of differentiating fees according to investment strategies, closed-end funds rather than open funds, and creating separate infrastructure allocations. These are among the findings of a new survey from placement agent Probitas Partners.
2 min read · 24 January 2013
The agency gave greater shape to venture capital exemptions put forth by the financial reform bill passed earlier this year.
2 min read · 24 January 2013
New York and the SEC unveiled suits against former Quadrangle chief Steven Rattner, who may face a lifetime securities ban in New York for his alleged role in pension pay-to-play.
2 min read · 24 January 2013
Despite reporting -10.15% returns for the state’s largest pension fund, the Florida State Board of Administration says the asset class is performing significantly better than the benchmark.
2 min read · 24 January 2013
The Swiss-headquartered global alternatives investor has established a base in Seoul and appointed Alex Cho to head its Korean efforts. The appointment will bring the firm closer to clients including Korea Investment Corporation.
2 min read · 24 January 2013
Eight months after being selected as the preferred bidder, the real estate arm of Leon Black’s buyout shop has formally taken over the Citi Property Investors platform and funds. Apollo is believed to have paid a ‘nominal’ fee for CPI.
2 min read · 24 January 2013
The EU parliament has accepted compromise proposals put forth by the rival EU council, ushering in a new wave of rules on fund transparency, remuneration, asset stripping and non-EU funds and managers.
3 min read · 24 January 2013
