Friday, 28 August 2015
Last updated 4 hours ago
Jun 10 2010 | 10:31am ET
The head of asset management at Swiss pension fund manager BVK has been arrested on allegations of misconduct and corruption.
The individual arrested was not identified, but Swiss prosecutors say it is the head of asset management at the firm, which runs the assets of Zürich’s civil servants’ pension fund.
It is unclear when the alleged misconduct occurred; Zürich’s financial department would say only that it deals with matters dating back several years, Investment & Pensions Europe reports. BVK said that none of its employees have been suspended.
May 27 2015 | 2:15pm ET
Support Hedge Funds Care, also known as Help For Children (HFC), by participating in this year's raffle. All proceeds go to support HFC's mission of preventing and treating child abuse. Read more…