Raided Hedge Funds Have MA State Pension Assets
November 24, 2010 (PLANSPONSOR.com) - The Massachusetts state pension fund has $65.6 million invested in two Connecticut hedge funds that were raided by the FBI.
Administration
Morris Enters Pay to Play Guilty Plea
November 22 2010 (PLANSPONSOR.com) – A once well-known New York political consultant who stood accused of a key role in a pay-to-play scandal involving the state’s pension fund...
KY Counties, Cities to Pay More into Pensions
November 19, 2010 (PLANSPONSOR.com) - The Kentucky Retirement Systems Board of Trustees announced increases to next fiscal year's contribution rates into the County Employees Retirement System (CERS).
Cuomo Seeks $26M from Rattner in NY Pay-to-Play Scandal
November 18, 2010 (PLANSPONSOR.com) – New York state Attorney General Andrew Cuomo filed two suits against the former founder of the private equity group Quadrangle Group in connection...
CalPERS Adds Contractor Disclosure Rules
November 18, 2010 (PLANSPONSOR.com) –The California Public Employees’ Retirement System (CalPERS) will now require contractors to disclose whether they’re using an agent to seek business with the fund.
Are You Due for a Provider Check-up?
November 18, 2010 (PLANSPONSOR.com) - Asked how often they formally evaluated their DC provider, larger programs were again this year noticeably less likely to say...
NYC Funds Concerned about Foreclosure Handlings
November 16, 2010 (PLANSPONSOR.com) - The trustees of New York City's government pension funds have asked the directors of four major banks to play a bigger role in...
Hiring and Compensation in Asset Manager Space on the Uptick
November 16, 2010 (PLANSPONSOR.com) - After two years of contraction, hiring in the asset and wealth management industry rebounded in 2010, and compensation is set to show modest...
A Public GM Gets a Wilshire 5000 Slot
November 16, 2010 (PLANSPONSOR.com) – If General Motors completes its initial public offering on or before, November 19, 2010, it will be added to the Wilshire 5000 Total...
CalPERS Changes Corporate Engagement Strategy
November 16, 2010 (PLANSPONSOR.com) – The California Public Employees’ Retirement System (CalPERS) has adopted a new strategy for engaging underperforming public stock companies through private contacts and proxy...
Asset Managers Gear Up for DCIO Asset Fight
November 16, 2010 (PLANSPONSOR.com) – Asset managers are adding staff and increasing budgets to capture share of the fast-growing defined contribution investment-only (DCIO) market, as the competition for...
What Plan Sponsors Want From Advisers
November 16, 2010 (PLANSPONSOR.com) - Relying on a financial adviser outside the plan was the preference for 37.5% of the roughly 6,000 plan sponsor respondents...
Asset Manager Compensation Rebounding
November 15, 2010 (PLANSPONSOR.com) - Compensation in the asset management industry is rebounding after two difficult years, according to a review by Greenwich Associates and Johnson Associates.
Fitch Finds Insurer Pensions Funding Improved in 2009
November 12, 2010 (PLANSPONSOR.com) - According to a Fitch Ratings special report, the funded status of U.S. life and non-life insurers' defined benefit pensions plans improved in 2009...
FRC Says Alternatives a Growth Opportunity for Asset Managers
November 12, 2010 (PLANSPONSOR.com) - Registered alternative products have recorded a strong 14.47% CAGR over the past four and one-half years, and present asset management firms with meaningful...
CalSTRS Scales Back Commodities Plans
November 12, 2010 (PLANSPONSOR.com) – The California State Teachers' Retirement System (CalSTRS) has settled on a $150-million investment in the commodities markets, dramatically scaled back from its original...
October Sees Second Monthly Pension Increase
November 12, 2010 (PLANSPONSOR.com) – NewMilliman data shows the 100 large plans in the Milliman 100 Pension Funding Index experienced asset increases of $15 billion and liability decreases...
FASB Delays Effective Date of Multiemployer Plan Disclosure Rules
November 11, 2010 (PLANSPONSOR.com) – The Financial Accounting Standards Board has decided that proposed disclosures for employers participating in a multiemployer plan will not be effective in 2010.
Pension Lawyers Tapped for Lead Role in Lawsuit
November 11, 2010 (PLANSPONSOR.com) – A federal judge has named the Oklahoma Police Pension & Retirement System (OPPRS) to lead a lawsuit that claims Education Management Corp. defrauded...
Business Travel Upswing Predicted
November 9, 2010 (PLANSPONSOR.com) –Business travelers are anticipating an increase in corporate travel for 2011, according to a new survey from Deloitte.