Michael Giardina

“Wall Street is still in transition, but is slowly adjusting to changes in its economic and regulatory environment,” the state CFO said in a Feb. 26 announcement. “Profits and bonuses rebounded in 2012, but the industry is still restructuring.”

Cortina Asset Management, a Milwaukee-based firm that manages assets for corporations, foundations and pension plans, has put together a new equity team to operate out of its new New York office.

Marco Consulting Group (MCG) has reached amicable terms with its former President Ian Jones and his new employer Morgan Stanley...

In a recent filing, State Street, the Boston, Mass.-based institutional investor services firm, revealed that the Securities and Exchange Commission (SEC) and other federal authorities have inquired about its past foreign exchange practices.

With the ongoing probes as to how the Dodd-Frank Wall Street Reform and Consumer Protection Act could affect the financial marketplace, Riverside Risk Advisors executives are predicting new margin rules in the derivative sector will have significant impact on pension plan investment transactions.

With more and more pension plans exiting their domestic equity commitments for a sustainable crutch, plan sponsors stated in a new study that many are looking to long-duration bond vehicles to backup their liability needs.

The combination of extortion and the use of threats to air an alleged extramarital affair against a state official is probably not the best way to win an investment contract at the New York State Common Retirement Fund.

More than a month following the devastating earthquake and tsunami that hit Japan, more and more institutional investment managers are beginning to label the country’s stock options as undervalued, with many seeing upside in the region.

The City of Burlington, Vt. has agreed to a roughly half million-dollar settlement with Morgan Stanley, the former investment consultant for its Employees’ Retirement System, after claims surfaced of substantial financial damages as a result of its “alleged misconduct.”

The more than $113 billion New York City Pension Funds have been granted right of passage by the Securities and Exchange Commission to present a foreclosure request on big bank shareholder ballots.

An “onerous regulatory environment” and funding volatility have been the reasons why many private sector companies have shied away from providing pensions to their employees, new research states.

Credit Suisse has tapped Eric Miller, the former global credit research head at Barclays Capital, to lead the financial services company’s fixed-income research globally

Through an internal memo issued Wednesday, Bank of America executives announced it hired Tom McAuliffe, the former director of consulting at Morgan Stanley's Graystone Consulting, to head institutional consulting at BofA Merrill Lynch.

ING Group, the Dutch-based financial services institution, said today that it has decided to sell the “majority” of its ING Real Estate Investment Management businesses in two separate transactions worth more than $1 billion.

In less than two weeks, Peter Bain will take over as president and CEO of Old Mutual Asset Management, a measure that would permanently replace the role left vacant following Tom Turpin's departure in September.

JPMorgan Chase & Co. has tapped Irene Tse, a former managing director and portfolio manager from Duquesne Capital Management, to effectively replace the retiring Althea Duersten.

While endowments for the last fiscal year were able to post an 11.9% investment return, Commonfund President and CEO Verne Sedlacek said yesterday that most funds are “probably still 25% below where they were in 2007.”

In a narrow 3-2 vote today, the U.S. Securities and Exchange Commission (SEC) has green lighted a provision that will give shareholders a say on the executive pay at companies they have a substantial stake in.

Eileen Rominger joins the securities regulator after spending the past 11 years working as the global CIO for Goldman Sachs Asset Management (

A new study from Aon Hewitt claims that pension funds for companies located in the U.S., the U.K., Canada and Europe clocked out of 2010 with a 87% funded status, marking a 1% increase from previous numbers.