A consultant to Pennsylvania's embattled Public School Employees Retirement System has told a state judge that a Philadelphia-area teacher did not have standing to pursue a lawsuit over the firm's alleged role in creating a $17 billion pension shortfall.
Pa Pension Advisers Face Suit Over $17B Shortfall law360.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from law360.com Daily Mail and Mail on Sunday newspapers.
Pandemic shines spotlight on the importance of trusted relationships
The pandemic has challenged everyone in many ways ― personally and professionally. The coronavirus has forced investment managers and their clients to grapple with yet another black swan crisis just over a decade since the last one. What have we learned so far, especially for the growing outsourced chief investment officer market? What lessons can one take from this experience, and how might they inform the next generation of OCIO providers and clients?
These are the questions and topics OCIO providers have been thinking about even as the COVID-19 pandemic continues to leave its mark around the world.
Aon and eVestment create new reporting standard for operational due diligence findings Thursday, January 07, 2021 Opalesque Industry Update - Aon and eVestment today announced a strategic collaboration to provide operational due diligence (ODD) research through the eVestment platform, recognizing the need for more transparency and standardization of ODD information.
The new ODD offering will initially be available for purchase to asset owners through the eVestment platform, which nearly 1,000 institutional investors in more than 40 countries rely on to source their asset managers.
The agreement comes at a time when transparency is even more critical given the novel coronavirus (COVID-19) pandemic and the growth of remote work arrangements. Institutional investors look for solutions to help them focus on their core business functions and save time. The comprehensive data set will relieve institutional investors of some of the administrative burdens of the ODD process.