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Labor Department finalizes rules for state-run private-sector retirement programs

Labor Department finalizes rules for state-run private-sector retirement programs

The Department of Labor issued final rules Thursday that clear the way for states to set up payroll deduction IRA accounts for private-sector workers who do not have access to workplace retirement...

August 25, 2016 | 12:13 pm

Ohio State Teachers returns 0.95% for fiscal year, above its benchmark

Ohio State Teachers' Retirement System returned 0.92% in the fiscal year ended June 30, 25 basis points above its benchmark.

August 25, 2016 | 03:00 pm
California Assembly passes bill to implement Secure Choice

California Assembly passes bill to implement Secure Choice

The California Assembly on Thursday approved implementing a state-run Secure Choice retirement savings program, the final legislative step in creating the program for private-sector workers without a ...

August 25, 2016 | 04:14 pm

Denmark’s ATP gains 6.7% in first half of 2016

ATP, Hilleroed, Denmark, returned 6.7% in the six months ended June 30 in its investment portfolio, bolstering assets to 800 billion Danish kroner ($119.2 billion).

August 25, 2016 | 04:07 pm
HP, United Airlines employees sue companies, Fidelity over float income management

HP, United Airlines employees sue companies, Fidelity over float income management

HP Inc. and United Airlines Inc. employees are suing the companies and Fidelity for alleged fiduciary breaches relating to Fidelity's management of float income in the companies' 401(k) plans.

August 25, 2016 | 04:02 pm

WL Ross to pay $2.3 million penalty to SEC over fee allocation practices

WL Ross & Co., the private equity subsidiary of Invesco, agreed to pay a civil penalty to the Securities and Exchange Commission of $2.3 million to settle charges that the firm failed to disclose its ...

August 25, 2016 | 03:57 pm

Turner appoints global fixed-income head

Stefania A. Perrucci was named principal and global head of fixed income at Turner Investments.

August 25, 2016 | 01:49 pm
SEC votes for more separate account disclosure

SEC votes for more separate account disclosure

The Securities and Exchange Commission on Thursday adopted amendments to rules governing how investment advisers report and disclose information about separately managed accounts to investors and to...

August 25, 2016 | 01:44 pm

T. Rowe Price adds 2 to DCIO business

T. Rowe Price recruited two people to join its institutional defined contribution investment-only business in the U.S.

August 25, 2016 | 01:36 pm

Imperial County adds private credit, eliminates commodities portfolio

Imperial County Employees’ Retirement System is adding a new target allocation to private credit and eliminating its 5% target to commodities.

August 25, 2016 | 01:06 pm

University of Houston System terminates Luther King for small-cap equities

University of Houston System terminated Luther King Capital Management as a small-cap equity manager.

August 25, 2016 | 12:31 pm
Kentucky Retirement Systems names David Eager as interim executive director

Kentucky Retirement Systems names David Eager as interim executive director

David L. Eager was named interim executive director of the $15 billion Kentucky Retirement Systems.

August 25, 2016 | 11:29 am
Chicago Public Schools budget relying on state in part for pension plan contribution

Chicago Public Schools budget relying on state in part for pension plan contribution

Chicago Public Schools will contribute $506 million to the Chicago Public School Teachers' Pension & Retirement Fund in fiscal year 2017, under a budget approved Wednesday.

August 24, 2016 | 04:12 pm

Pew: Funding for state pension funds improves in 2014

The funding shortfall for state retirement systems totaled $934 billion in 2014, down $35 billion from 2013, said a brief released Wednesday by The Pew Charitable Trusts.

August 24, 2016 | 05:44 pm

PGIM Real Estate hires head of Asia-Pacific research

Cuong Nguyen joined PGIM Real Estate as head of Asia-Pacific investment research.

August 24, 2016 | 05:35 pm