SC Fund Setting Up Independent Private Equity Shop
September 28, 2010 (PLANSPONSOR.com) – South Carolina’s pension fund is creating an independent firm to oversee its private equity holdings.
Administration
CFOs Serving Two Masters in Annual Narratives
September 27, 2010 (PLANSPONSOR.com) – When 91% of the U.S. CFOs in a recent survey prepare their annual report narratives, they have shareholders in mind as an important...
Foundation Faults SEC in Madoff Scam
September 24, 2010 (PLANSPONSOR.com) – A charitable foundation stung by Bernie Madoff has flung a litigation gauntlet at the feet of an unlikely defendant; the...
Aon-Hewitt Merger to Close in October
September 24, 2010 (PLANSPONSOR.com) - Aon Corporation and Hewitt Associates, Inc. announced that they currently anticipate completing their proposed merger transaction on or about October 1, 2010.
NYC Pension Fund Fires Money Manager after Investment Losses
September 23, 2010 (PLANSPONSOR.com) - New York City’s pension fund for civil-service employees has fired a money management firm headed by former U.S. Securities and Exchange Commission chairman...
Pru Retirement Moving to ‘Key Account’ Team Structure
September 22, 2010 (PLANSPONSOR.com) – Prudential Retirement on Wednesday announced a reshuffling of its client-facing service personnel into 10 “key account” teams based in three U.S. regions.
Corporate Bond Dip Hits Pension Funding
September 22, 2010 (PLANSPONSOR.com) – Accounting measures of the liabilities of defined benefit (DB) pension plans in most developed economies have seen marked liability increases sparked by declining...
Growing Money Manager Group Sees Market Value Potential
September 22, 2010 (PLANSPONSOR.com) – Fifty-seven percent of money managers responding to a Russell Investments poll now believe the market to be undervalued.
Average IRA Account Balance Put at $54K
September 21, 2010 (PLANSPONSOR.com) – The average IRA account balance in 2008 was $54,863, while the average IRA balance of all accounts from the same person combined totaled $69,498,...
GAO Warns Public Plans on Risk-Taking Hazards
September 20, 2010 (PLANSPONSOR.com) – A new report by the Government Accountability Office (GAO) cautions that many state and local pension plans could expose their members and beneficiaries...
Derivatives Users Fear Higher Hedging Costs
September 20, 2010 (PLANSPONSOR.com) – U.S. companies that use commodities derivatives believe the recent financial reform law will increase their hedging costs while European companies anticipate a similar...
Increasing Asset Manager Access to Advisers
September 17, 2010 (PLANSPONSOR.com) - The September issue of The Cerulli Edge: U.S. Asset Management Edition addresses how asset managers are utilizing new techniques to increase access to advisers.
Japan Pension Fund Considering Emerging Markets Investments
September 17, 2010 (PLANSPONSOR.com) - Japan's public pension fund is weighing the controversial idea of investing in emerging-market economies as a way to gain higher returns as it...
NY Reaches another Settlement in Pay-to-Play Probe
September 17, 2010 (PLANSPONSOR.com) - Attorney General Andrew M. Cuomo announced an agreement with former comptroller Alan Hevesi and fundraiser and unlicensed placement agent William “Bill” White in his...
Schwarzenegger Reneges on Borrowing from CalPERS
September 17, 2010 (PLANSPONSOR.com) – California Governor Arnold Schwarzenegger has abandoned a proposal to borrow money from the California Public Employees' Retirement System (CalPERS).
Expense Ratios for Plan Investments Ticked Up in 2009
September 17, 2010 (PLANSPONSOR.com) – Participants in 401(k) plans that were invested in mutual funds, on average, paid slightly higher expense ratios in 2009, according to an annual...
NJ Investment Council Told to Increase Use of Alternatives
September 17, 2010 (PLANSPONSOR.com) - Consultants told the New Jersey State Investment Council that the state’s pension funds should put more money in alternative investments such as private...
‘Say on Pay’ Being Well Used so Far
September 16, 2010 (PLANSPONSOR.com) – A new academic study suggests shareholders have not abused their use of “say on pay”, but have instead used the right to give...
Margin Compression a Sign of Maturing Asset Management Industry
September 16, 2010 (PLANSPONSOR.com) – An analysis from kasina finds that while asset management firms' operating and net margins vary wildly, overall industry margins have come down.
FRC Expects Solid Growth for ETFs
September 15, 2010 (PLANSPONSOR.com) - Exchange‐Traded Fund (ETF) assets are expected to achieve an annual growth rate of nearly 19% between 2010 and 2014, according to Financial...