NYC Pensions Take Hedge Fund Plunge
July 22, 2010 (PLANSPONSOR.com) – For the first time, New York City Comptroller John C. Liu has released a request for proposal (RFP) to find a hedge...
Administration
Pension Plans Pursue Lead Plaintiff Status in BP Shareholder Suit
July 22, 2010 (PLANSPONSOR.com) - Public pension funds of New York and Ohio announced they will seek lead plaintiff status on behalf of investors in a securities class...
Annual Meeting Season Generally Quiet for 2010
July 21, 2010 (PLANSPONSOR.com) – A report from BNY Mellon Shareowner Services, the equity administration business of BNY Mellon, said the 2010 annual meeting season was highlighted...
GAO Repeats Call for DoL Hedge Fund, Private Equity Guidance
July 20, 2010 (PLANSPONSOR.com) – The U.S. Government Accountability Office (GAO) has repeated recommendations first made two years ago that the Department of Labor (DoL) issue guidance on...
Maryland State Retirement System Sees 14% Return in FY10
July 20, 2010 (PLANSPONSOR.com) - The Maryland State Retirement and Pension System announced its portfolio returned 14.05% on investments for the fiscal year that just ended June 30,...
Study Indicates Financial Performance Declines for Older Adults
July 20, 2010 (PLANSPONSOR.com) – A new study suggests individuals make the most effective financial decisions in middle age.
Trident Microsystems Agrees to Settle Backdating Charges
July 20, 2010 (PLANSPONSOR.com) - Trident Microsystems, Inc. has entered into a settlement with the Securities and Exchange Commission (SEC) of charges related to stock option backdating.
Hewitt Inks Deal to Acquire EnnisKnupp
July 20, 2010 (PLANSPONSOR.com) – With the ink not yet dry on its merger nuptials with Aon, Hewitt Associates has announced a new acquisition.
Japanese Asset Managers Win More Pension Mandates
July 19, 2010 (PLANSPONSOR.com) – Japanese asset managers saw the value of investments they are mandated to manage for the country’s employer pension schemes jump 20.23% in...
AIG Strikes a Deal With Ohio Pension Funds
July 16, 2010 (PLANSPONSOR.com) - Ohio Attorney General Richard Cordray has announced a $725 million securities class action settlement against American International Group, Inc. (AIG),...
Financial Reform Measure Includes Compliance Provisions
July 16, 2010 (PLANSPONSOR.com) – The sweeping financial reform legislation approved by the U.S. Senate on Thursday contains a number of corporate governance provisions, including giving shareholders...
MA ‘Municipal Relief’ Bill Goes to Governor
July 16, 2010 (PLANSPONSOR.com) – The Massachusetts Senate approved a measure allowing municipalities to pay their pension obligations at a slower rate and offering early retirement programs.
Oregon Sues Countrywide over Pension Fund Losses
July 15, 2010 (PLANSPONSOR.com) - Oregon Treasurer Ted Wheeler and Attorney General John Kroger announced they are suing Countrywide Financial Corp. of Delaware and its underwriters for misleading...
SEC Wants to Take Another Look at US Proxy System
July 14, 2010 (PLANSPONSOR.com) - The Securities and Exchange Commission is taking a fresh look at the U.S. proxy system, and asking if rule revisions...
CFOs Looking for a “Softer” Side in Staff
July 14, 2010 (PLANSPONSOR.com) - As CFOs and their staff become more engaged in organizational decisionmaking, soft skills such as critical thinking and communication are increasingly important, new research...
Funding Drop Erases Pensions’ Recovery
July 14, 2010 (PLANSPONSOR.com) - After three consecutive quarters of improvement, a new analysis from Hewitt Associates found that significant decreases in global equity markets and interest rates...
Some Say Financial Planners More Important Since Financial Crisis
July 13, 2010 (PLANSPONSOR.com) - A new national opinion poll conducted for Certified Financial Planner Board of Standards finds nearly two out of three Americans (65%) are more...
Japan Bond Activity Reflects Aging Population
July 13, 2010 (PLANSPONSOR.com) - Japan’s public pension fund sold more government bonds than it bought for the first time in nine years, underscoring concern that an aging...
Alternatives Holdings by Pensions Pegged at $817B
July 12, 2010 (PLANSPONSOR.com) – Alternative assets under management (AuM) on behalf of pension funds by the world’s largest alternative investment managers remained unchanged in 2009 compared to...
Pension Shortfall Closer to Record
July 12, 2010 (PLANSPONSOR.com) – The deficit in pension plans sponsored by S&P 1500 companies reached $451 billion at the end of June, $1 billion short...