Chapman's Mistress Takes the Stand
July 14, 2004 (PLANSPONSOR.com) - A former Maryland state official, who allegedly defrauded the state pension system with investments in his own company, told his former mistress and...
Administration
SEC Proposing Hedge Fund Adviser Registration
July 14, 2004 (PLANSPONSOR.com) - The Securities and Exchange Commission (SEC) has taken a major step in requiring hedge fund managers to disclose more information about their investments.
Merrill Is Not Divesting MLIM Unit
July 14, 2004 (PLANSPONSOR.com) - Ahmass Fakahany, Chief Financial Officer of Merrill Lynch & Co., said the firm has no plans to sell-off its asset-management arm, Merrill Lynch...
Affiliated Picks Up 3B in AUM from Freemont
July 14, 2004 (PLANSPONSOR.com) - Affiliated Managers Group, Inc. (AMG) has agreed to acquire $3 billion in assets under management from Freemont Investment Advisors (FIA) for AMG's Managers...
Report: Fidelity had Market Timing Relationship
July 14, 2004 (PLANSPONSOR.com) - Even though Fidelity Investments has managed to stay out of the ongoing mutual fund trading scandal mess, it apparently had at least one...
Survey Shows Investing Differences Among GenXers, Boomers, Matures
July 14, 2004 (PLANSPONSOR.com)Across all three age groups, GenXers, Boomers, and Matures, the average annual amount contributed to retirement savings has increased 18% since 2003, now at $10,164,...
Accounting Changes Also Hit Private Firms
June 14, 2004 (PLANSPONSOR.com) - Not only have accounting reform measures brought significant change to the public company market, they have likewise prompting nonpublic firms to make voluntary...
Large Employers Lighten Up On Company Stock Limits
June 26, 2003 (PLANSPONSOR.com) - There has been a dramatic shift away from limits keeping employees from diversifying their DC plan holdings away from company stock, a new...
Feds Charge Chapman With Md. Pension Investment Fraud
June 26, 2003 (PLANSPONSOR.com) - Federal authorities yesterday accused money manager Nathan Chapman of illegally investing more than $5 million of Maryland's state pension funds into his own...
Institutional Shareholder Group Demands Wal-Mart Internal Controls Review
June 2, 2005 (PLANSPONSOR.com) - A group of institutional shareholders has called on Wal-Mart to take another look at its legal and regulatory controls, citing a spate of...
Parson: Faster Financial Filings May Equal Higher P/E Ratios
June 26, 2003 (PLANSPONSOR.com) - While companies are taking longer to get out annual financial reports, a new study suggests disclosing the information faster may translate into higher...
Buck: Early Option Expensing Equals Higher EPS
June 26, 2003 (PLANSPONSOR.com) - High technology companies biting the voluntary stock option expense bullet may be able to dodge the cannon fire of lower earnings per share...
Survey: Many Still Bewildered By Bonds
June 26, 2003 (PLANSPONSOR.com) - Many investors are still apparently clueless when it comes to the relationship between interest rates and the value of bond investments, according to...
FASB Tightens Pension Reporting Noose
June 26, 2003 (PLANSPONSOR.com) - Plan sponsors with defined benefit plans will have to issue quarterly financial reports if the nation's accounting-rule-setting body has its way.
Payroll Service Firm Accused of Not Making Client Tax Payments
June 26, 2003 (PLANSPONSOR.com) - A Silver Spring, Maryland payroll service company was forced into involuntary bankruptcy and had its assets seized after leaving hundreds of clients in...
UK Creates Pension Guaranty Fund
May 14, 2004 (PLANSPONSOR.com) - The United Kingdom (UK) is creating a fund to compensate workers suffering cuts to their pension payments as the result of their employer's...
PBGC: Active-to-Inactive Worker Ratio Reaches 1:1
May 14, 2004 (PLANSPONSOR.com) - The number of pension participants, and the number of pension plan terminations has hit new lows, the Pension Benefit Guaranty Corporation (PBGC) has...
Fund Group Urges SEC to Veto BofA Settlement Stipulation
May 14, 2004 (PLANSPONSOR.com) - Mutual fund directors have come out in force requesting that the U.S. Securities and Exchange Commission (SEC) reject a plan requiring Bank of...
Independent Fund Directors Beef Up Trade Group Effort
May 14, 2004 (PLANSPONSOR.com) - A mutual fund industry group has beefed up its existing education programs for independent fund directors as the role of those fund officials...
PIMCO Stock Fund Manager Corba Steps Down
April 14, 2004 (PLANSPONSOR.com) - Kenneth Corba, the portfolio manager at Pacific Investment Management Co's (PIMCO) $845 million PEA Growth Fund and the $95 million PIMCO PEA Growth...