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Fisher Investments opens subsidiary Down Under
Fisher Investments on Thursday announced it will create a wholly owned subsidiary in Australia.
May 24, 2012 | 04:17 pm
Worldwide Trade Resources 401(k) gets DOL-appointed independent fiduciary
The Department of Labor announced Thursday it has been given court approval to appoint an independent fiduciary to oversee the $2.2 million Worldwide Trade Resources Inc. 401(k) Plan.
May 24, 2012 | 04:13 pm
Connecticut joins chorus against Wal-Mart directors over bribery scandal
The $24.7 billion Connecticut Retirement Plans & Trust Funds will vote its shares against the re-election of seven members of the Wal-Mart Stores Inc. board at the company's annual meeting June 1.
May 24, 2012 | 02:52 pm
Copeland Capital names international equities chief
Erik B. Granade will join Copeland Capital Management this summer as head of international equities.
May 24, 2012 | 03:22 pm
Vanguard High-Yield Corporate fund closed to new investors
Vanguard Group on Thursday announced it closed its $16.9 billion High-Yield Corporate fund to new accounts, effective immediately, in the wake of $2 billion of net inflows over the past six months.
May 24, 2012 | 02:30 pm
Fink: BlackRock equity repurchase shows stocks are cheap
BlackRock's repurchase of $1 billion in stock from Barclays demonstrates that equities are cheap compared with bonds, Laurence D. Fink, BlackRock chairman and CEO, said at his firm's annual meeting...
May 24, 2012 | 12:58 pm
No P&I Daily on Memorial Day
P&I Daily will not be published on Monday, May 28, in observance of Memorial Day. Publication will resume Tuesday, May 29.
May 24, 2012 | 12:23 pm
Fort Lauderdale Police & Fire swaps hedge fund strategies
Fort Lauderdale (Fla.) Police & Fire Retirement System is switching its hedge funds-of-funds strategy to a traditional one from long/short equities.
May 24, 2012 | 12:17 pm
CalPERS to vote against re-election of 9 Wal-Mart board members
CalPERS will be voting its 7.6 million shares against the re-election of nine of Wal-Mart Stores Inc.'s 15 board members at the company's June 1 annual meeting and is calling for an independent...
May 23, 2012 | 03:46 pm
N.Y. State Common Retirement Fund's investment return estimated at 5.96%
New York State Common Retirement Fund returned an estimated 5.96% on its investments for the fiscal year ended March 31, Thomas DiNapoli, state comptroller and sole trustee of the fund, said Wednesday.
May 23, 2012 | 03:33 pm
GAO: Half of 401(k) plan execs don't know what fees they pay
Half of employers with 401(k) plans that were surveyed by the GAO couldn't identify the fees they and their employees pay or mistakenly believed that investment management fees were waived.
May 23, 2012 | 03:43 pm
Regulators designate CME, ICE clearinghouses as systemically important
Derivatives clearinghouses owned by CME Group and Intercontinental Exchange have been designated systemically important by U.S. regulators, a step that moves them closer to heightened supervision.
May 23, 2012 | 03:19 pm
Morgan Stanley, Goldman Sachs, J.P. Morgan sued over Facebook stock sale
Morgan Stanley, Goldman Sachs Group and J.P. Morgan Chase were sued along with other underwriters and Facebook by investors who claimed they were misled in the purchase of the social network...
May 23, 2012 | 12:32 pm
Commonfund adds managing director at hedge fund strategies group
Brett Lane was named a managing director of Commonfund hedge fund strategies group.
May 23, 2012 | 12:15 pm
2 of 3 firms with DB plans to keep them open to new hires
More than two-thirds of U.S. corporations that offer a defined benefit plan to new employees say they are committed to continue offering the plan to new hires, according to a survey from Towers Watson.