Brokers will not be allowed to vote proxies of uninstructed shares in elections of directors of U.S. companies, according to action taken July 1 by the SEC.

Treasury proposal could shut down smaller firms
Proposed registration, reporting and disclosure laws for alternatives managers and#8212; likely to be passed by Congress before year end and#8212; could force a swath of smaller managers to close and…

Firms settling, but haven’t been sued
The mere mention in New York Attorney General Andrew Cuomo’s indictments and the SEC’s civil pay-to-play lawsuit was enough to induce three private equity firms to pay damages without ever being sued.

UTIMCO approves staff bonus changes
University of Texas Asset Management Co.

Texas Teachers sticking with agenda
The $83 billion Teacher Retirement System of Texas is a little more than halfway toward its goal of increasing alternative investments to 29% of plan assets in the second year of the fund’s portfolio…

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