Valeant shares plummet over 30% …reverberations felt at Pershing, ValueAct, Paulson

Short-seller Citron Research’s stinging report sent Valeant shares plummeting as much as 38% today to $91.45. The stock is currently [Read More]
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NYC pensions demand full transparency on fees historically and going forward

New York City Retirement System, the fourth largest in the US with $163 billion in assets, sent a letter to [Read More]
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Sightings…

President Barack Obama nominated Republican Hester Peirce and Democrat Lisa Fairfax to serve as SEC commissioners. If confirmed by the [Read More]
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SEC’s White focuses on hedge fund manager fee practices, marketing and conflicts of interest

Speaking at the Managed Funds Association meeting in New York on Friday, SEC Chair Mary Jo White said hedge fund [Read More]
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University of Michigan allocates $100M to Risk Premium Investment Mgt and $100M to Farringdon Capital

  The University of Michigan, which has $10.2 billion in its long term endowment pool, approved a $100 million investment [Read More]
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