Polish Billionaire’s Family Row Irks Pension Fund as Stock Drops – Yahoo Finance
(Bloomberg) — Polish billionaire Zygmunt Sorolc has forced his two sons out of the business, deepening a family feud over control of his conglomerate, causing its valuation to fall and a powerful minority investor Concerns have increased. Most Read Articles on Bloomberg Mr. Sorolc's investment company, which controls Warsaw-listed electricity company ZE PAK SA, removed […]
Minnesota teacher pension fund under Tim Walz ‘blatantly cooked,’ investigator finds: ‘Undetected for decades’ – New York Post
Minnesota's state retirement system books were “blatantly falsified” and secretly covered up under Gov. Tim Walz's watch, pension investigators have discovered, leaving Minnesota's teachers as vice presidential candidates. They are pleading with the public to tell the truth about their lackluster investment performance and huge pensions. Hidden charges. Edward Seidle, a former U.S. Securities and […]
Both acting head and CIO of Ohio retired teachers’ pension fund resign amid controversy – News 5 Cleveland WEWS
COLUMBUS, Ohio — The acting executive director and chief investment officer of the Ohio Retired Teachers Pension Fund have resigned after months of controversy. A day after my exclusive 45-minute interview, Lynn Huber, acting executive director of the State Teachers Retirement System (STRS), resigned effective December 1st. Chief Investment Officer Matt Worley also resigned effective […]
A California Gen Xer who retired early to Colombia on a $3,423 monthly pension explains how much he pays for housing and other bills – Business Insider
For Jeremy Teitelbaum, the weather in Pereira, Colombia, is like “eternal spring.” The 56-year-old never tires of the cool breezes, light rain and steady sunshine. Teitelbaum moved to the city about a year ago, after health fears led him to leave a career as a speech communications instructor in San Luis Obispo, California, and move […]
IBM to take $2.7 billion charge related to transfer of pension obligations – Yahoo Finance
(Reuters) – IBM Inc said on Wednesday it expects a pretax charge of about $2.7 billion in the third quarter related to a transaction to transfer some of its pension plan liabilities to Prudential Financial Inc. The transaction will transfer approximately $6 billion of IBM's defined benefit pension obligations to Prudential Insurance Company. Defined benefit […]
Keir Starmer faces PMQs as leaked Treasury figures suggest state pension to rise by more than £400 next year – UK politics live | Politics
Main Events Show only important events Please enable JavaScript to use this feature How Kemi Badenoch defended removing winter fuel payments from wealthy pensioners If Keir Starmer is asked at Prime Minister's Questions about Labour's plans for income capping the winter fuel allowance, he might be happy to quote K.Emi BadenochThe front-runner in the Conservative […]
NY pension fund bought $75M CrowdStrike stake before IT meltdown
A New York state pension fund is facing nearly $30 million in losses after buying CrowdStrike shares just before the tech company caused a global network outage and sent its stock price plummeting. The New York State Teachers Retirement System (NYSTRS) bought 197,462 shares of the Austin-based cybersecurity company in the second quarter of this […]
Minnesota teacher pension fund under Walz accused of ‘cooking the books’ with unrealistic gains: report
A leading pension investigator alleges that Minnesota’s public school teachers’ retirement system, under the direction of Gov. Tim Walz (recently named by Vice President Kamala Harris as her running mate), has manipulated financial reports by grossly understating the annual fees it pays to Wall Street investment managers and showing unrealistically high rates of return. New […]
Teachers’ Minn. pension fund under Tim Walz ‘cooking the books’ by vastly underreporting fees: ‘Madoff miracle’ – New York Post
Minnesota Gov. Tim Walz’s public school teachers’ retirement system “falsified the books” by dramatically under-reporting the annual fees it paid to Wall Street investment managers, posting nearly impossible gains that rivaled the “Madoff miracle,” a top pension investigator said. The state Teachers Retirement Association has disclosed less than 10 percent of the estimated $2.9 billion […]
NY clerk who swindled more than $1.1M from village forced to give up pension
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