Table of Contents
Issue Date: Monday, February 23, 2015
No significant defections at Russell Investments' consulting and money management unit have been reported since parent London Stock Exchange Group PLC first announced it would be buying the firm in June, asset owners and industry insiders say.
Private-sector retirement solutions programs at the state level are getting a boost from the White House.
Corporate plan sponsors on both sides of the Atlantic are pushing back against the ramifications of lower interest rates, tipping a balance to re-risking from a derisking glidepath, say money managers, consultants and strategists.
Teacher Retirement System of Texas officials plan an all-out campaign to make the $132 billion pension fund more attractive to the world's choicest — and biggest — principal investment opportunities.
As sponsors and service providers continue settling ERISA fiduciary breach lawsuits, the rest of the defined contribution industry is taking careful notes.
T. Rowe Price Group Inc. has suffered heavy outflows and client terminations during the past two years from asset owners reducing their U.S. equity exposure and/or seeking passive strategies.
Cybersecurity is a growing cost for institutional money management firms.
A group of global investment managers has garnered the first flurry of mandates from China's largest life insurer since regulators opened the door for offshore investments more than two years ago.
Company stock in defined contribution plans continues to shrink as a percentage of assets, plans offering the option and participants investing in it, recent research and surveys show.
The development of buy side-owned equity trading venues has attracted interest from long-term investors.
After a mostly sedate year, risk bubbled to the surface in the final quarter of 2014, according to the Axioma Insight Quarterly Risk Review.
Fortune SG Fund Management Co., a Shanghai-based money manager, is moving to boost its institutional business and lessen its dependence on China's volatile local retail market.
The era of seemingly constant and endless growth of the $2 trillion exchange-traded product universe in the U.S. might be waning. Market leadership among issuers is consolidating. New products and entrants are leaning heavily on broad distribution and brand awareness.
So far, the London Stock Exchange Group appears to be preparing for an auction process, shopping the deal to nearly 100 potential buyers in hopes of gaining the highest offer possible. Sources say that LSE hopes to get $1.2 billion to $1.5 billion for the portions of Russell Investments' business it is selling.
nAbbott et al vs. Lockheed Martin Corp. et al. A class-action settlement was announced Feb. 20 in which the company agreed to pay $62 million to participants in two 401(k) plans. The settlement, subject to final approval by a U.S. district court judge in East St. Louis, Ill.
To U.S. dark-pool operators, the development of an exclusive managers-only trading venue, Luminex Trading & Analytics LLC, is a splash of cold water on the face of an industry that some managers believe has taken institutional investors for granted.
A recent study revealed differences in who seeks advice from plan sponsors in defined contribution plans.
Asset owners increasingly turn to emerging firms for diversity, chance to tap new talent.
Long-duration strategies tops fixed income for the year while REITS take spotlight for the quarter in equities.
President Barack Obama's proposed financial fee on leverage that would apply to large investment management firms as well as other large financial institutions won't enhance market stability as it supposedly is designed to do.