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PIMCO, Allianz sued for breaching fiduciary duty in its 401(k) plan

A new lawsuit against PIMCO and its sister company Allianz Global Investors accuses the two firms of breaching their fiduciary duty by loading up their joint employee defined contribution plan with...

October 12, 2015 | 04:17 pm

Man Group taps head of institutional business for Asia-Pacific ex-Japan

Hersh Gandhi was appointed managing director, Asia Pacific (ex-Japan) of alternative investment manager Man Group plc's institutional and retail client businesses across the region.

October 12, 2015 | 05:08 am

Sonoma County drops INTECH in move to passive large-cap equity

Sonoma County Employees’ Retirement Association, Santa Rosa, Calif., terminated INTECH from a $100 million active domestic large-cap growth equity portfolio, said Steven Marsh, investment...

October 12, 2015 | 04:11 pm

Dallas Police & Fire axes 2 global equity managers

Dallas Police & Fire Pension System terminated global equity managers Allianz Global Investors and Energy Opportunities Capital Management, recently released board meeting minutes show.

October 12, 2015 | 04:10 pm

Princeton academic wins Nobel prize in economics

Angus S. Deaton, a Princeton University academic who holds both U.S. and U.K. citizenship, on Monday was named winner of the 2015 Nobel prize in economics for his pioneering research that includes...

October 12, 2015 | 04:07 pm

Multiemployer pension obligations could drop under new law — Moody’s

Multiemployer pension plan sponsors could cut billions from their pension obligations if they are able to take advantage of the Multiemployer Pension Reform Act of 2014, Moody’s Investors...

October 12, 2015 | 04:05 pm

Deutsche Asset & Wealth Management names new CIO from within

Stefan Kreuzkamp was named chief investment officer-head of investment management at Deutsche Asset & Wealth Management, said a spokesman.

October 12, 2015 | 04:02 pm

U.K. bulk annuity market set to reach 10 billion this year — Aon Hewitt

A set of transactions expected to close before Christmas mean the U.K. bulk annuity market is on track to hit £10 billion ($15.2 billion) in 2015, said Aon Hewitt.

October 12, 2015 | 03:18 pm
Dell’s acquisition of EMC will create company with $9.1 billion in retirement assets

Dell’s acquisition of EMC will create company with $9.1 billion in retirement assets

The acquisition of EMC Corp., Hopkinton, Mass., by Dell Inc., Round Rock, Texas, could create a single technology company with a combined $9.1 billion in retirement assets.

October 12, 2015 | 02:41 pm

GE Asset Management appoints global head of consultant relations

Steve Fierstein was named senior vice president, global head of consultant relations at GE Asset Management, said spokesman Chris Linehan.

October 12, 2015 | 02:29 pm

Corporate funding ratios hit by falling assets, rising liabilities in September — 3 reports

The funded status of U.S. corporate defined benefit plans fell between one and two percentage points in September because of rising liabilities and declining asset values, said reports from Milliman, ...

October 09, 2015 | 01:53 pm

New Hampshire Retirement System posts 3.5% return

New Hampshire Retirement System, Concord, returned 3.5% net of fees in the fiscal year ended June 30, said spokesman Marty Karlon.

October 09, 2015 | 03:03 pm
Reeder confirmed as PBGC director

Reeder confirmed as PBGC director

W. Thomas Reeder Jr. was confirmed as director of the Pension Benefit Guaranty Corp. by the Senate on Thursday.

October 09, 2015 | 02:26 pm

Alaska Permanent Fund taps new CEO, names acting CIO

Angela Rodell was named executive director/CEO of the Alaska Permanent Fund Corp., Juneau, pending successful contract negotiations, said a spokeswoman for the $52 billion sovereign...

October 09, 2015 | 01:34 pm

Chicago Park District union files suit on constitutionality of pension reform law

A union for Chicago Park District employees, along with one active and one retired worker, filed a lawsuit challenging the constitutionality of a 2014 Chicago pension reform law for members of the...

October 09, 2015 | 04:05 pm