TheKoreaTimes 
Eight Kentucky government employees and retirees filed a lawsuit in the County of Franklin Circuit Court this week, seeking to recover losses from products three hedge fund managers sold to the Kentucky Retirement System. The plaintiffs are seeking damages from Blackstone Group, KKR & Co./Prisma Capital Partners and Pacific Alternative Asset Management Co. for selling “custom-designed…
Another year has passed, and with it, investors booked double-digit gains on their U.S. equity positions, marking the eighth consecutive year of positive returns for the Russell 1000 Index. Further, equities have continued their upward march thus far in 2017, on hopes that our new president will be able to effect positive change relating to corporate…
The chief of South Korea’s state-run pension fund was questioned by investigators looking into the scandal surrounding President Park Geun-hye and her friend Tuesday over allegations he unlawfully influenced a decision to back Samsung Group’s merger plan last year. Moon Hyung-pyo, chief of the National Pension Service (NPS), appeared before the special probe team’s office in…
The National Pension Service (NPS) should be grateful to Elliott Management because its assets have risen lately thanks in no small part to the U.S. hedge fund’s moves in Korea. According to local financial data provider FnGuide Tuesday, Samsung Group affiliate shares held by NPS were priced at 22.8 trillion won at the end of July…