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NYC comptroller updates proxy-voting guidelines for city pension funds

NYC comptroller updates proxy-voting guidelines for city pension funds

New York City Comptroller Scott Stringer on Friday revised guidelines for the city retirement systems’ corporate governance principles and proxy-voting guidelines, adding more of a focus on...

May 20, 2016 | 03:20 pm
Shareholders ratify Chesapeake Energy pay by 50.3% vote

Shareholders ratify Chesapeake Energy pay by 50.3% vote

Chesapeake Energy Corp. shareholders barely ratified by a 50.3% vote the compensation of Robert D. Lawler, president and CEO, and other executives, despite opposition from big pension funds and proxy-...

May 20, 2016 | 02:13 pm
Fidelity files with SEC for six smart beta ETFs

Fidelity files with SEC for six smart beta ETFs

Fidelity Investments has filed prospectuses with the Securities and Exchange Commission for six new smart beta ETFs.

May 20, 2016 | 01:16 pm
Shareholders ratify Goldman Sachs compensation despite pension fund opposition

Shareholders ratify Goldman Sachs compensation despite pension fund opposition

Goldman Sachs Group Inc. shareholders Friday ratified the compensation of Lloyd C. Blankfein, chairman and CEO, and other executives by a 66% vote, despite opposition from big pension funds and proxy-...

May 20, 2016 | 01:07 pm

Arizona passes referendum to repeal benefit increases for public safety plan participants

Arizona voters overwhelmingly passed a referendum to modify pension benefits for existing participants in the $8 billion Arizona Public Safety Personnel Retirement System.

May 20, 2016 | 12:48 pm
CIBC Mellon president/CEO to retire at end of year

CIBC Mellon president/CEO to retire at end of year

Thomas S. Monahan, president and CEO of CIBC Mellon, will retire at the end of the year.

May 20, 2016 | 12:25 pm
 Chicago's pension fund woes jump by $11.5 billion

Chicago's pension fund woes jump by $11.5 billion

Chicago's pension fund shortfall just got $11.5 billion bigger.

May 20, 2016 | 12:39 pm

INKEF Capital invests in data analytics firm GeoPhy

INKEF Capital, a venture capital fund backed by two pension funds, has invested in data analytics firm GeoPhy, part of a strategic partnership with Dutch pension fund manager APG Asset Management.

May 19, 2016 | 12:10 pm
Central States will not resubmit application to reduce pension benefits

Central States will not resubmit application to reduce pension benefits

Trustees of the $17.8 billion Teamsters Central States, Southeast & Southwest Areas Pension Fund, Rosemont, Ill., announced Thursday that they will not resubmit a benefit reduction application to the ...

May 19, 2016 | 05:21 pm
SEC plans to propose fiduciary rule next April

SEC plans to propose fiduciary rule next April

The Securities and Exchange Commission plans to propose rules for raising investment advice standards and authorizing non-governmental examinations of advisers next spring, according to its latest...

May 19, 2016 | 03:56 pm
Kentucky Retirement chairman on sidelines at board meeting under threat of arrest

Kentucky Retirement chairman on sidelines at board meeting under threat of arrest

Kentucky Retirement Systems board trustee Joseph Hardesty presided at Thursday's board meeting in place of Chairman Thomas K. Elliott, who was warned by officials in the governor's office and...

May 19, 2016 | 04:17 pm
Pensions funds, proxy-voting firms to vote against Goldman Sachs pay package

Pensions funds, proxy-voting firms to vote against Goldman Sachs pay package

Large pension funds along with Glass Lewis and Institutional Shareholder Services have lined up against ratifying the compensation packages of Goldman Sachs Group Inc.’s top executives,...

May 19, 2016 | 04:11 pm
Pension funds line up against Chesapeake Energy compensation

Pension funds line up against Chesapeake Energy compensation

Chesapeake Energy Corp. faces opposition from large pension funds and proxy-voting advisory firms to the ratification of its pay packages for Robert D. Lawler, president and CEO, and other top...

May 19, 2016 | 04:03 pm
Puerto Rico restructuring bill introduced in House

Puerto Rico restructuring bill introduced in House

Legislation allowing Puerto Rico to restructure more than $70 billion in bondholder debt was introduced in the House of Representatives late Wednesday.

May 19, 2016 | 03:46 pm
OppenheimerFunds' Memani, Schwab's Sonders fear Trump's policies could hurt U.S. economy

OppenheimerFunds' Memani, Schwab's Sonders fear Trump's policies could hurt U.S. economy

Donald Trump's anti-trade, anti-immigration and isolationist policies would not bode well for the U.S. economy or the country's standing in the world, say two investment strategists.

May 19, 2016 | 03:27 pm