The California Public Employees' Retirement System (CalPERS) announced the selection of Marlene Timberlake D'Adamo as Chief Compliance Officer (CCO). She assumes her new role on April 11.
According to Mitul Patel, Head of Interest Rates, Henderson Global Investors, The European Central Bank (ECB) have very much taken the ‘kitchen sink' approach, surprising market expectations in a variety of ways...
The California Public Employees' Retirement System (CalPERS) today announced it has settled its case against Moody's and Moody's Investors' Services (Moody's) for a record $130 million. The case stemmed from Moody's erroneous ratings of "AAA" rated structured investment vehicles prior to the financial crisis.
According to Keith Wade, Economist and Head of strategy at Schroders, Mario Draghi succeeded in surprising markets with his latest salvo, but needs the support of governments and fiscal policy to win this fight.
In today's policy meeting and press conference the ECB took decisive action to loosen monetary policy. Although expectations were high, Draghi managed to exceed them by including a couple of measures that were not widely expected. As a result, financial markets reacted very favorably to the news.