UBS Plans to Buy Back Auction-Rate Securities
July 16, 2008 (PLANSPONSOR.com) - UBS AG plans to buy back as much as $3.5 billion of auction-rate preferred shares in the face of a lawsuit by Massachusetts...
Administration
DB of the Future: Greater Funding, Less Risk
July 15, 2008 (PLANSPONSOR.com) - Among other conclusions made in a recent report, Russell Investments says the defined benefit plan of 2017 will likely be better funded and...
LA Pension Fund Sues Over Subprime Losses
July 14, 2008 (PLANSPONSOR.com) - A Louisiana public pension fund has filed suit over what it alleged was a $50-million loss from investments in a fund with substantial...
FL Short-Term Investments Better Off in Private Hands?
December 19, 2007 (PLANSPONSOR.com) - The interim director of Florida's State Board of Administration (SBA) has recommended to members of the state cabinet that all of the Sunshine...
Sycamore and Former Executives Settle on Backdating Charges
July 11, 2008 (PLANSPONSOR.com) - The Securities and Exchange Commission (SEC) on Wednesday charged Sycamore Networks, Inc. and three of its former executives in connection with the backdating...
PLANSPONSOR Announces "Alties" Finalists
This week PLANSPONSOR magazine announces the finalists in its first-ever Excellence in Alternative Investment awards.
Employers Continue to Report Accounting and Finance Skills Shortage
July 11, 2008 (PLANSPONSOR.com) - Employers globally continue to report a shortage of experienced accounting and finance professionals, according to the second annual Robert Half Global Financial Employment...
Alliance Benefit Group Division Latest BenefitStreet Selloff
July 10, 2008 (PLANSPONSOR.com) - Benefit Plans Administrative Services, Inc. (BPAS), a subsidiary of Community Bank System, Inc., has acquired the Philadelphia division of Alliance Benefit Group (ABG)...
Boomer Business Owners Lax on Exit Planning
July 10, 2008 (PLANSPONSOR.com) - A new survey shows that while business owners overwhelmingly recognize the importance of an exit strategy, few actually have one in place.
Alternative Investments Have Become Essential to Institutional Investors
July 9, 2008 (PLANSPONSOR.com) - A recent survey by JPMorgan Asset Management, which examined the investment strategies and practices of some of the nation's largest institutional investors, found...
Lord, Abbett Realigns Large, Mid-Cap Teams
July 9, 2008 (PLANSPONSOR.com) - Lord, Abbett & Co. LLC has announced a realignment of its existing Large and Mid Cap research resources into a single team.
UK Union Battles Pension Qualifying Period Proposal
August 31, 2006 (PLANSPONSOR.com) - A British labor union has come out against a UK business community proposal that would impose a one-year qualifying period before workers can...
Hedge Fund Launch Total is $19.5B So Far in 2008
July 8, 2008 (PLANSPONSOR.com) - New hedge fund launches during the first half of 2008 in the Americas totaled $19.5 billion, according to the Absolute Return New Funds...
Down Market Takes a Toll on U.S. Pension Plans
July 8, 2008 (PLANSPONSOR.com) - The bad performance of U.S. stocks was the primary reason for the 4.8% decline in the funded status of the typical U.S. pension...
RI Pension System Picks Russell to Improve Investment Implementation
July 8, 2008 (PLANSPONSOR.com) - Russell Investments has been hired by the Rhode Island State Investment Commission to improve the implementation of the pension fund's investments.
Coke Settles Shareholder Suit for $137M
July 7, 2008 (PLANSPONSOR.com) - Coca-Cola Co agreed to pay $137.5 million to settle a shareholder lawsuit that claimed it artificially inflated sales to boost its stock price.
Mercer Asks Court to Drop Charges in Milwaukee Pension Suit
July 7, 2008 (PLANSPONSOR.com) - Mercer has filed a motion for summary judgment asking a district court to dismiss all claims against it in a lawsuit claiming the...
Ameriprise Announces Seligman Acquisition
July 7, 2008 (PLANSPONSOR.com) - Ameriprise Financial, Inc. announced a definitive agreement to acquire asset management firm J. & W. Seligman & Co. Incorporated.
Canadian Fund Finds no Link Between CEO Pay and Performance
May 31, 2006 (PLANSPONSOR.com) - A study by the Ontario Teachers' Pension Plan (OTPP) has found no relevant correlation between companies' CEO pay and stock returns.