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Kleiner Perkins wins in gender discrimination case

Kleiner Perkins wins in gender discrimination case

A jury rejected Ellen Pao's claims of gender discrimination by Kleiner Perkins Caufield & Byers, in a case that riveted Silicon Valley for weeks.

March 27, 2015 | 06:07 pm
Northern Trust: Target-date funds surge in DC plan allocation

Northern Trust: Target-date funds surge in DC plan allocation

Target-date fund allocations in defined contribution plans soared in 2014, climbing to 22% of plan assets from 15.7% in 2013, said a Northern Trust survey of 100 DC plan clients with $265 billion in...

March 27, 2015 | 03:36 pm

Access to liquidity key concern for equity traders, survey finds

Eighty-four percent of institutional equity traders are either “concerned” or “very concerned” about sourcing liquidity in the current market, according to a Liquidnet survey.

March 27, 2015 | 02:47 pm

Northern Trust names head of Greater China

Michael Wu was named head of the Greater China region at Northern Trust Corp., said John O’Connell, company spokesman.

March 27, 2015 | 12:28 pm
Aberdeen acquires remaining 49.9% stake in SVG Capital

Aberdeen acquires remaining 49.9% stake in SVG Capital

Aberdeen Asset Management will purchase the remaining 49.9% stake in its joint venture with SVG Capital for £29 million ($43.3 million.)

March 27, 2015 | 12:23 pm
Fidelity triples its China QFII quota, becoming first money manager to top $1 billion

Fidelity triples its China QFII quota, becoming first money manager to top $1 billion

Fidelity Investments Management (Hong Kong) got an additional $800 million in quotas for investment in China's capital markets Thursday, lifting its total quota under that country's qualified foreign ...

March 27, 2015 | 06:33 am
Ameriprise Financial to pay $27.5 million in settlement with 401(k) participants

Ameriprise Financial to pay $27.5 million in settlement with 401(k) participants

Ameriprise Financial Inc. will pay $27.5 million as part of a preliminary settlement with participants in its 401(k) plan, said a court document published Thursday.

March 26, 2015 | 04:00 pm
Massachusetts treasurer proposes reforms to MassPRIM proxy-voting guidelines

Massachusetts treasurer proposes reforms to MassPRIM proxy-voting guidelines

Massachusetts Treasurer Deborah B. Goldberg proposed a series of reforms to the state's Pension Reserves Investment Management board's custom proxy-voting guidelines on Thursday.

March 26, 2015 | 01:46 pm

Russell adds investment strategist for global multiasset team

Paul Eitelman joined Russell Investments has an investment strategist.

March 26, 2015 | 04:15 pm
Kansas House approves $1.5 billion in pension obligation bonds

Kansas House approves $1.5 billion in pension obligation bonds

The Kansas House of Representatives voted Wednesday to issue $1.5 billion in pension obligation bonds for the Kansas Public Employees Retirement System, Topeka.

March 26, 2015 | 01:35 pm

Census Bureau: Public pension fund assets inch up in fourth quarter

The 100 largest U.S. public employee retirement systems had $3.337 trillion in assets as of Dec. 31, 0.2% more than the $3.3 trillion reported the previous quarter, said the U.S. Census...

March 26, 2015 | 03:57 pm
House budget calls for higher federal employee contributions and lower G Fund return

House budget calls for higher federal employee contributions and lower G Fund return

The House adopted a fiscal year 2016 budget Wednesday that calls for higher retirement contributions from federal workers and a lower rate of return for the Thrift Savings Plan's G Fund.

March 26, 2015 | 03:50 pm

Wisconsin Investment Board seeks multiasset managing director

State of Wisconsin Investment Board, Madison, is seeking a managing director, multiasset, absolute return and overlay portfolios.

March 26, 2015 | 03:42 pm

NISA Investment Advisors hires director to expand DC business

Mark Fortier was named director of defined contribution-product design and implementation at NISA Investment Advisors.

March 26, 2015 | 03:22 pm

Texas Teachers returns 8.51% in 2014, slightly surpassing benchmark

Texas Teacher Retirement System returned 8.51% in 2014, outperforming its policy index by four basis points, said a performance report prepared by investment consultant Aon Hewitt Investment...

March 26, 2015 | 03:39 pm