Administration

CalPERS to Up Alternative Investments: Report

May 12, 2000 (PLANSPONSOR.com) - CalPERS, the nation's largest pension system, is continuing the trend toward more alternative investments by considering to transfer about $7 billion of its $174 billion in assets from stocks to private equity and real estate, according to a report by Bloomberg News Service.

CalPERS Protests Bank of America CEO Pay

April 12, 2000 (PLANSPONSOR.com) - Showing its muscle as institutional investor, CalPERS is withholding its 1% proxy voting block of 9.6 million shares from re-electing Bank of America's compensation committee members. The bone of contention is a $76 million compensation package awarded in 1999 to Bank of America Chief Executive Hugh McColl.

CIEBA Move Months in the Making

May 11, 2000 (PLANSPONSOR.com) - CIEBA, an organization representing large corporate pension funds, Wednesday announced that it has affiliated with the Association for Financial Professionals (AFP), formerly the Treasury Management Assocation. The move, effective June 1, means that CIEBA will leave the Financial Executives Institute (FEI).

WestAM Lands Gulfstream Global

November 9, 2000 (PLANSPONSOR.com) - European acquisitions of US money managers continue, as WestAM lands US asset manager Gulfstream Global Investors.

In Sign of Times, Choice Debuts in Florida

May 8, 2000 (PLANSPONSOR.com) - Signalling a trend, Florida lawmakers Friday approved a bill to allow public workers a choice between their traditional defined benefit pension plan and a 401(k)-style plan.

In Sign of Times, Choice Debuts in Florida

May 8, 2000 (PLANSPONSOR.com) - Signalling a trend, Florida lawmakers Friday approved a bill to allow public workers a choice between their traditional defined benefit pension plan and a 401(k)-style plan.

SMOKE OUT – Teacher Fund To Sell Tobacco Holdings

June 7, 2000 (PLANSPONSOR.com) - The nation's third largest public pension fund plans to sell more than $237 million worth of tobacco stocks - most of its tobacco holdings - as quickly as prudent, noting that recent litigation makes it a risky investment.

Finance Salaries Off to a Good Start

December 6, 2000 (PLANSPONSOR.com) - CFOs and treasurers at mid-sized firms could see starting salaries rise 11.7% next year, according to the 2001 Robert Half and Accountemps Salary Guide.

Venture Funding Growth Rate Slips

November 6, 2000 (PLANSPONSOR.com) - For the first time in more than two years venture capital investment fell in the third quarter. Still, the $79.9 billion invested so far this year is 137% more than the comparable period a year ago according to the National Venture Capital Association.