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Hawaii ERS Has a Strong First Quarter | Chief Investment Officer

The fund’s unique risk strategy is paying off right now.

These Hawaii Firms Are Pushing Innovation Amid The Pandemic

Hawaii Employees reports 26.2% return for fiscal year

ARIF NAQVI'S CAPITALIST FAIRY TALE - Newspaper

Illustration by Radia Durrani Before it collapsed in 2019, the Dubai-based Abraaj was the world’s biggest private equity firm focused on emerging markets, with some $14 billion of assets under management. Its founder and chief executive, the charismatic Karachi-born Arif Naqvi now stands accused of unprecedented fraud and theft to the tune of $780 million. He is appealing an extradition order from London to the US, where he faces up to 291 years in jail. Two reporters associated with the Wall Street Journal, who first broke the story of problems at Abraaj, have penned a book detailing their investigations. The book, published internationally on July 8, is based on official indictments, on Abraaj emails that became a part of the court record and interviews with over 150 people, including 70 who worked for Abraaj.

IN BRIEF: Hawaii pension fund to lead Wells Fargo CMBS litigation

1 Min Read A federal judge in San Francisco has chosen a Hawaii-based pension fund to lead a highly watched case accusing Wells Fargo of shoddy underwriting affecting commercial mortgage-backed securities. U.S. District Judge William Alsup on Monday named Hawaii Employees’ Retirement System (HERS) the lead plaintiff in the case claiming the faulty mortgage lending practices that contributed to the 2008 financial crisis also infected Wells Fargo’s commercial loan portfolio. The fund alleges losses of $17 million, which Alsup said put it ahead of Norfolk Pension Fund, another proposed lead plaintiff which claimed it lost $6 million. To read the full story on Westlaw Today, click here: bit.ly/2QbVfat