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...The aggregate surplus of the UK’s 5,100 pension schemes was about £428bn at the end of December, according to analysis by the UK’s Pension Protection Fund....
...Clare Chalmers, 61, is taking the trustees of Citibank (UK) pension plan to the pensions ombudsman, claiming it distributed her late husband’s pension fund in an “unsympathetic” and “incoherent” way....
...However, the FT revealed last week that the recapitalisation involved the owners — which include sovereign wealth, private equity and pension funds — providing a £515mn convertible loan with an 8 per cent...
...Most people leave their investments alone, and the pathways along which pension money flows to established fund providers are worn to the point of frictionlessness....
...Fiscal policy: Is the state pension really ‘a Ponzi scheme’? Labour markets: UK wages: which sectors are driving up pay?...
...Pensions and other large institutional funds fulfil cash calls using money handed back to them from successful deals....
...of local authority pension cash, said....
...Separately, Pinsent Masons’ David Lancaster has joined the firm as an intellectual property litigation partner in London....
...Morgan Lewis & Bockius O: 5; L: 6; I: 8; Total: 19 The firm devised a financing structure for Chinese state-owned financial investment fund Silk Road Fund, as part of an international investor consortium...
...“Some members who read those statements will question why their pension has fallen so much, and some may even want to push it further,” said Stephen Scholefield, partner at law firm Pinsent Masons....
...Mark’s pension contributions, of around £44,000, were refunded to Claire, while around £165,000 of the fund was returned to the employer....
...The lawyer said: “We would not have had this problem if the credit support documentation between the pension fund and the hedge providers had allowed pension funds to give collateral in the form of gilts...
...“Giving pension funds a two-week window to get things in order was not a good idea because it made them into forced sellers and didn’t give much thought to the nature of pension fund assets and how quickly...
...Pension funds became forced sellers of assets to meet these collateral calls....
...The fund nevertheless has amassed $2.6bn under management, with money flowing in from college endowments, at least one sovereign wealth fund and pension plan and rich families, according to people familiar...
...UC invested its money into Breit, the fund built for “retail” investors, instead of Blackstone Property Partners, or BPP — perpetual funds Blackstone designed for institutions such as pensions and endowments...
...Long gone are boondoggles in Hawaii, buying drinks for government employees of pension funds and the absolutely endless golf games that Mack recounts....
...(JW Mason) — Should those who sent the sub-postmasters to prison now face court themselves? (Sunday Times $) — Is Google close to announcing real-time P2P payments?...
...Stanley Druckenmiller, a veteran of the hedge fund industry, speaking at the same conference, adopted an even gloomier stance....
...OMERS Infrastructure, an arm of one of Canada’s largest pension funds, has hired IFM Investors executive Irini Kalamakis as a senior managing director and global head of strategic partnerships, based in...
...FURTHER READING: Complaint, Orlando Police Pension Fund v....
...fund KLP....
...Elliptic, a specialist cryptocurrency data company, said in November last year that investors lost $12bn of funds in DeFi markets last year, with more than $10bn of those losses due to hackers and lost funds...
...On top of that, an industry tribunal imposed a £13mn fine on KPMG for deliberately pushing a client into insolvency so another potential client, HIG Capital, could buy the business without £100mn of pension...
...The pension fund was particularly upset over the convertible bond, which it argues is a straight giveaway....
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