Jury Indicts Cyprus Fund Founder
October 17, 2003 (PLANSPONSOR.com) - Allegedly stealing $34 million from mutual fund investors has landed the founder of the Cyprus Fund in legal hot water.
Administration
Friess Lowers Brandywine Minimum Investment
October 17, 2003 (PLANSPONSOR.com) - The minimum investment for the Brandywine, Brandywine Blue and Brandywine Advisors mutual funds will be reduced to $10,000 beginning November 1.
Report: UC Had 21% Annual VC Loss Over Three Years
October 17, 2003 (PLANSPONSOR.com) - The University of California (UC) may have had another reason for battling so hard to keep secret the results of its venture capital...
Thompson Plumb Separating Into Two Companies
October 17, 2003 (PLANSPONSOR.com) - Money management firm Thompson Plumb and Associates will be splitting its $2.6-billion book of business in two.
Fred Alger President Bans Market Timing
October 17, 2003 (PLANSPONSOR.com) - A day after his former vice chairman pleaded guilty to a felony for trying to cover up improper mutual fund trading, Fred Alger...
BSAM Picks Up Fixed Income Managers
October 5, 2004 (PLANSPONSOR.com) - Bear Stearns Asset Management (BSAM) has agreed to acquire the fixed income portfolio management team of TimesSquare Capital, the Cigna-owned investment manager, BSAM...
Mass. Fund Brings Putnam Back into the Fold
October 5, 2004 (PLANSPONSOR.com) - Almost a year after firing the scandal-plagued Putnam Investments, the Massachusetts pension fund board on Tuesday tapped Putnam to manage $250 million in...
BofA Shareholders to Get Exec Comp Veto
October 29, 2002 (PLANSPONSOR.com) - Bank of America shareholders will get a new say in executive severance packages.
Ruling Expected in $17M Philadelphia Pension Abuse Suit
October 5, 2004 (PLANSPONSOR.com) - A Pennsylvania state court judge is expected to rule Wednesday in a class action lawsuit in which 12,000 City of Philadelphia employees charged...
Wausau To Acquire Part of Marsh's Business
October 29, 2002 (PLANSPONSOR.com) - Wausau Benefits will acquire the Des Moines-based retiree benefits administration operations of Marsh, Inc., a division of Marsh & McLennan Companies.
State Street Reported Ready to Buy Deutsche's Custodial Business
October 29, 2002 (PLANSPONSOR.com) - Deutsche Bank continued trying to jettison its non-core businesses with word that the giant German bank has worked out a deal to sell...
State Street Selling UAL Stock
October 29, 2002 (PLANSPONSOR.com) - With a bankruptcy filing looming, an independent fiduciary for United Airlines employee stock ownership plan has (ESOP) started dumping stock in United's parent...
Lipper: Fund Fees Going Up
October 29, 2002 (PLANSPONSOR.com) - Declining assets in stock funds are producing a hike in mutual fund management fees, according to a new Lipper report.
AMR Pondering Investment Arm Sale
October 29, 2002 (PLANSPONSOR.com) - AMR Corp., parent company to American Airlines, revealed it is considering selling its investment company as the ailing air carrier tries to bolster...
Greenhalgh Urges a Reshaping of UK PBGC Proposal
October 17, 2003 (PLANSPONSOR.com) - Unilever UK Chairman Richard Greenhalgh is asking the United Kingdom's (UK) government to rethink plans of forming a Pension Benefit Guaranty Corporation-esque entity...
NY 2004-2005 Pension Costs Expected to More Than Double
October 17, 2003 (PLANSPONSOR.com) - New York State Comptroller Alan Hevesi had some bad news this week about the Empire State's pension costs: the estimated 2004-2005 pension bill...
NYSE Chairman Grasso Resigns
September 17, 2003 (PLANSPONSOR.com) - New York Stock Exchange (NYSE) Chairman Richard Grasso has resigned his post following an emergency meeting of the exchange's board of directors.
Bank One Goes Shopping For Real Estate Money Manager
September 17, 2003 (PLANSPONSOR.com) - Bank One has agreed to acquire a Chicago money manager specializing in real estate investments for institutional clients
Oregon Votes Approve Pension Bond Sale
September 17, 2003 (PLANSPONSOR.com) - Oregon voters on Tuesday gave a thumbs up to a plan to sell bonds to refinance part of the state's public pension debt...
Ibbotson: Build Real Estate Into Investment Portfolio
September 17, 2003 (PLANSPONSOR.com) - Plan sponsors looking to construct long term returns for their participants should consider real estate as a core portfolio asset, according to a...