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Products, Deals and People |
Bond Manager Recounts Rise of LDI Solutions Post-PPA |
The president and CIO of Ryan Labs describes in detail the mechanics behind the firm’s new defensive bond portfolio strategy—and the way his work continues to be shaped by the Pension Protection Act and the Moving Ahead for Progress in the 21st Century Act (MAP-21).Read more > |
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Market Mirror |
Yesterday, the Dow gained 46.34 points (0.19%) to finish at 23,979.10, the NASDAQ closed 35.23 points (0.51%) higher at 6,950.34, and the S&P 500 increased 8.69 points (0.33%) to 2,613.16. The Russell 2000 was up 1.17 points (0.08%) at 1,514.46, and the Wilshire 5000 gained 59.49 points (0.22%) to close at 27,108.93. The price of the 10-year Treasury note was down 2/32, increasing its yield to 2.783%. The price of the 30-year Treasury bond was up 6/32, decreasing its yield to 3.012%. |
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Sponsored message from Vanguard |
Snapshots of TDF performance miss the big picture When evaluating TDF performance, use a holistic approach to look beyond a single point in time.Read more > |
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Compliance |
Court Finds Company Owners Not Responsible for Multiemployer Plan Withdrawal Liability |
The 9th Circuit depended on its own precedent in finding that unpaid contributions to employee benefit funds are not plan assets and, therefore, the company owners are not fiduciaries under the Employee Retirement Income Security Act (ERISA) with respect to unpaid withdrawal liability.Read more > |
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Small Talk |
ON THIS DATE: In 1790, the U.S. patent system was established when U.S. President George Washington signed the Patent Act of 1790 into law. In 1849, Walter Hunt patented the safety pin. He sold the rights for $100. In 1866, the American Society for Prevention of Cruelty to Animals (ASPCA) was incorporated. In 1912, the Titanic set sail from Southampton, England. In 1941, during World War II, U.S. troops occupied Greenland to prevent Nazi infiltration. In 1941, Ford Motor Co. became the last major automaker to recognize the United Auto Workers as the representative for its workers. In 1960, the Senate passed the Civil Rights Bill. In 1972, the U.S. and the Soviet Union joined with 70 other nations in signing an agreement banning biological warfare. In 2000, Ken Griffey Jr. became the youngest player in baseball history to reach 400 home runs. He was 30 years, 141 days old. In 2001, Jane Swift took office as the first female governor of Massachusetts. |
TRIVIAL PURSUITS: From where did the phrase “for Pete’s sake” come?Read more > |
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