ICI: Closed-End Funds Add $19.64 Billion in Assets in Q2
September 5, 2003 (PLANSPONSOR.com) - The combined assets of closed-end funds increased $19.64 billion at the end of the second quarter.
Administration
Mass. Governor Balks At PRIM Executive Director Replacement Plan
September 5, 2003 (PLANSPONSOR.com) - Republican Massachusetts Governor Mitt Romney is crying foul over state Treasurer Timothy Cahill's plan to dismiss the state pension fund director in favor...
UBS Report Says Pension Funds Should Move Out of Equities
September 5, 2003 (PLANSPONSOR.com) - When it comes to defined benefit investment holdings, a recent report suggests equity investments should be a thing of the past.
Spitzer Fund Abuse Probe Pumps Out More Subpoenas
September 5, 2003 (PLANSPONSOR.com) - The New York state attorney general's office has expanded its latest probe into improper trading - market timing - by subpoenaing records from...
Siebel Systems Adds One To Board
August 5, 2003 (PLANSPONSOR.com) - Embattled business software maker Siebel Systems Inc. has announced the newest addition to its board of directors.
Lawsuit Questions Louisiana Fire Dept. Administrators' Retirement Balances
August 5, 2003 (PLANSPONSOR.com) - A Louisiana parish district attorney has filed suit against three fire department administrators for allegedly falsifying documents to inflate their retirement accounts.
PCAOB Begins Mailing Out Bills
August 5, 2003 (PLANSPONSOR.com) - The Public Company Accounting Oversight Board (PCAOB) has begun sending out the bills to 8,500 publicly traded companies, investment companies and other equity...
General Mills Pension $224 Million Underfunded
August 5, 2003 (PLANSPONSOR.com) - General Mills Inc's pension plans failed to eat their Wheaties in fiscal 2003, ending the year underfunded by $224 million.
Dyer Steps Down From Ohio STRS Post
August 5, 2003 (PLANSPONSOR.com) - Board members of the Ohio State Teachers Retirement System (STRS) have voted to accept the resignation of embattled executive director Herb Dyer.
CEOs Getting Greedy – Report Finds
August 29, 2001 (PLANSPONSOR.com) - Despite a weakening economy and lackluster stock market, those at the top were still benefiting from fat pay hikes last year, a report...
Insiders See Computer Associates Winning Proxy Battle
August 29, 2001 (PLANSPONSOR.com) - Board members at Computer Associates International (CA) appear to be the victors in a battle with a group of insurgents led by Sam...
Union Approves LTV Deal, Keeps Benefits
August 29, 2001 (PLANSPONSOR.com) - Members of the United Steelworkers union have voted 4,010 to 471 in favor of a new labor contract with LTV, which may keep...
Wellpoint Sues Aetna, Reveals Possible Merger Plans
August 29, 2001 (PLANSPONSOR.com) - WellPoint Health Networks is suing managed-care rival Aetna Inc. over the hiring of a former WellPoint executive and has revealed that the two...
Hedge Fund Sues Verizon Over Failed Merger
August 5, 2003 (PLANSPONSOR.com) - Stark Investments LP has filed a lawsuit against Verizon Communications Inc. accusing the company of intentionally reneging on a merger agreement with Northpoint...
USAA Looking for Equity Management Exit: Report
June 17, 2002 (PLANSPONSOR.com) - USAA is reportedly looking at options that could result in a sale of its equity management operation.
US Supreme Court Bolsters Tip Tax Collections
June 17, 2002 (PLANSPONSOR.com) - The Internal Revenue Service (IRS) can use estimates to make sure it is collecting enough taxes on cash restaurant tips, the US Supreme...
Gartmore Buys US Hedge Fund Firm
June 17, 2002 (PLANSPONSOR.com) - UK fund manager Gartmore has bought US fund of hedge funds firm Riverview International Group Inc. for an undisclosed sum.
Fido's Magellan Most Popular in Retirement Plans
June 17, 2002 (PLANSPONSOR.com) - Fidelity's flagship Magellan Fund, which is the second largest US fund, is the most popular choice among retirement plan participants, according to a...
Ryan: Pension Liability Back In Red For May
June 5, 2003 (PLANSPONSOR.com) - After improving in April, the asset-to-liability ratio fell back into the red in May to a minus 2.90%.
Maryland Pension System Agrees to Settle Up With Technology Provider
June 5, 2003 (PLANSPSONOR.com) - Over $20 million dollars later, the Maryland state employee pension system has received approval to settle with a contractor that provided a benefits-tracking...