Former TCW Fund Manager Registers New Funds
January 12, 2010 (PLANSPONSOR.com) - DoubleLine Capital LP, the money management firm started last month by star bond fund manager Jeffrey Gundlach, is gearing up to...
Administration
Institutional Investment Managers Remain Optimistic
January 12, 2010 (PLANSPONSOR.com) - For the second quarter in a row, institutional money managers are broadly optimistic and see continued stable financial and economic conditions, according to...
ERISA Class Actions Picked up in 2009
January 12, 2010 (PLANSPONSOR.com) – The nation’s economic downturn has prompted plaintiffs’ lawyers to increase the pace of filing class action lawsuits to recover 401(k) plan losses under...
FRC Identifies Growth Opportunity in the 529 Plan Market
January 12, 2010 (PLANSPONSOR.com) - Financial Research Corporation (FRC) projects that the college savings market will more than double in size over the next five years , approaching...
Judge Rejects New SEC Claims against BofA
January 12, 2010 (PLANSPONSOR.com) – A federal judge ruled the U.S. Securities and Exchange Commission (SEC) cannot add new claims to the current case related to Bank of...
Many European Institutions to Stay Put on Asset Strategies
January 12, 2010 (PLANSPONSOR.com) – New research indicates that after reviewing the events of the prior 18 months and analyzing the performance of their investment portfolios, many European...
Thousands of NY State Pension Checks Missing
January 12, 2010 (PLANSPONSOR.com) - The U.S. Postal Service informed New York State Comptroller Thomas P. DiNapoli’s office that hundreds of pension checks for retirees in the central...
State Street Sees Untapped Potential for Use of ETFs
January 12, 2010 (PLANSPONSOR.com) – A new report from State Street Corporation suggests institutional investors do not take full advantage of exchange-traded funds (ETFs).
Goldman Sachs Bonuses Draw Pension Fund Suit
January 11, 2010 (PLANSPONSOR.com) - Goldman Sachs Group Inc has been sued by an Illinois pension fund seeking to recover billions of dollars of bonuses and...
TCW Sues Former CIO
January 7, 2010 (PLANSPONSOR.com) - Trust Company of the West sued its former chief investment officer, Jeffrey Gundlach, accusing him of stealing confidential data, lying to...
Institutional CIOs Uncertain Portfolios Will Meet Targets
January 7, 2010 (PLANSPONSOR.com) - Morgan Stanley Investment Management's (MSIM) inaugural Institutional CIO Confidence Index finds chief investment officers are uncertain that their investment portfolios will meet performance...
Foundations and Endowments Expecting More from Investment Consultants
January 6, 2010 (PLANSPONSOR.com) - An SEI Quick Poll finds that nonprofit foundations and endowments are concerned about defining fiduciary responsibilities for trustees and investment consultants as they...
Sun Trust Reportedly Trying to Sell Asset Management Biz
January 4, 2010 (PLANSPONSOR.com) - SunTrust Banks Inc is trying to sell its multi-boutique asset management business, people familiar with the matter said on Monday, according to Reuters.
TIAA-CREF Drops Investments over Sudan Ties
January 4, 2010 (PLANSPONSOR.com) – TIAA-CREF announced it has kept its holdings in only one of five companies it targeted last year for potential divestment over their business...
H&R Block to Refund IRA Fees to Settle Lawsuit
January 4, 2010 (PLANSPONSOR.com) - H&R Block Inc will pay as much as $20.2 million to settle a New York lawsuit accusing it of fraudulently marketing individual retirement...
Year-End 2009 Pension Funding Shows Improvement
January 4, 2010 (PLANSPONSOR.com) – The latest data for year-end 2009 shows that corporate defined benefit plan funding status rose to 85% percent (a $229-billion deficit), up from...
Feds Reported Examining Detroit Pension Investments
January 4, 2010 (PLANSPONSOR.com) – Federal investigators are looking into several investments by city of Detroit pension boards, according to a news report.
Pension Fund Told to Pursue BAE Suit in Britain
January 4, 2010 (PLANSPONSOR.com) - A pension fund may ask the U.S. Supreme Court to let it sue BAE Systems Plc in the United States, the fund's lead...
GASB Issues OPEB, Bankruptcy Guidance Statements
December 31, 2009 (PLANSPONSOR.com) - The Governmental Accounting Standards Board (GASB) on Thursday issued two statements of guidance, which it said were intended to make more consistent the...
CalPERS Beefs Up Board Ethics Rules
December 30, 2009 (PLANSPONSOR.com) – Directors at the California Public Employees’ Retirement System (CalPERS) have approved a beefed-up ethics policy that, among other things, requires board members to...