Latest News

New York State Teachers given lead-plaintiff status in GM suit

New York State Teachers’ Retirement System has been approved as lead plaintiff in a class-action lawsuit against General Motors Co., claiming GM committed fraud in its disclosure of faulty...

October 31, 2014 | 04:50 pm
Legg Mason's AUM inches up in quarter, rises 8% for year

Legg Mason's AUM inches up in quarter, rises 8% for year

Legg Mason reported $707.8 billion in assets under management as of Sept. 30, up 0.5% from the end of the previous quarter and up 8% from a year earlier.

October 31, 2014 | 03:32 pm

New York State Teachers returns 18.2% for fiscal year

New York State Teachers' Retirement System posted an 18.2% return on its investments for the fiscal year ended June 30.

October 31, 2014 | 04:01 pm

Wilmington Trust appoints CIO

Anthony Roth was named chief investment officer of Wilmington Trust.

October 31, 2014 | 04:17 pm
Illinois Teachers trustees approve $1 billion in asset moves

Illinois Teachers trustees approve $1 billion in asset moves

Illinois Teachers' Retirement System took action on assets totaling just more than $1 billion at its board meeting Thursday.

October 31, 2014 | 01:37 pm

Towers Watson: Funding ratios drop in 5 of 7 markets

The funding levels of Towers Watson’s benchmark corporate pension plans in five major regions fell in the third quarter because of falling interest rates and modest investment returns.

October 31, 2014 | 03:49 pm

BlackRock names new DC chief; Castille to be chief retirement strategist

Anne Ackerley was named head of BlackRock’s U.S. and Canada defined contribution business, replacing Chip Castille who has been appointed to the new position...

October 31, 2014 | 02:17 pm

Fifth Street chooses business development managing director

Renee Noto was named managing director, business development, at Fifth Street Asset Management.

October 31, 2014 | 01:09 pm

Kames Capital adds institutional client director

Fiona Hope was appointed institutional client director at Kames Capital.

October 31, 2014 | 11:36 am

Bank of Japan expands QE program in surprise move

Bank of Japan announced an expansion of its quantitative and qualitative easing program, shocking the currency markets and bolstering stocks.

October 31, 2014 | 11:19 am
GPIF more than doubles equity allocation, slices domestic bonds

GPIF more than doubles equity allocation, slices domestic bonds

Japan's ¥127.3 trillion ($1.14 trillion) Government Pension Investment Fund on Friday announced its targeted allocations to equities would more than double to account for half of its investment...

October 31, 2014 | 10:26 am

Fortress Investment sees 14% rise in AUM for year ended Sept. 30

Fortress Investment Group's assets under management rose to $66 billion as of Sept. 30, up 3.4% from three months earlier and up 14% from a year earlier.

October 30, 2014 | 12:31 pm

Appeals court allows Amgen stock-drop case to continue

A federal appeals court judge ruled Thursday that an ERISA case challenging a presumption of prudence for employee stock ownership plans can continue.

October 30, 2014 | 03:47 pm
Stockton bankruptcy plan approved with no pension cuts

Stockton bankruptcy plan approved with no pension cuts

Stockton, Calif., won court approval of its plan to exit bankruptcy by paying bond investors pennies on the dollar while fully protecting public-worker pension benefits, in a case that has been...

October 30, 2014 | 03:59 pm

Insolvency rate slowing for U.K. companies with pension funds — report

The insolvency rate of sponsoring employers with defined benefit plans that are eligible for inclusion in the U.K. Pension Protection Fund fell sharply over the nine months ended March 31.

October 30, 2014 | 03:42 pm