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Atlanta Firefighters sues Arconic alleging false information in 8-K

Atlanta Firefighters sues Arconic alleging false information in 8-K

Atlanta Firefighters' Pension Fund files a lawsuit against Arconic Inc., New York, claiming the firm published false information in an 8-K filing with the SEC to frighten shareholders from electing...

April 21, 2017 | 01:39 pm
Judge dismisses fiduciary-breach lawsuit against CVS, stable value fund manager

Judge dismisses fiduciary-breach lawsuit against CVS, stable value fund manager

A federal court judge dismisses a lawsuit against CVS Health and Galliard Capital Management by three participants in CVS' 401(k) and employee stock ownership plan.

April 21, 2017 | 03:30 pm
Wisconsin Investment Board awards $14 million in staff bonuses

Wisconsin Investment Board awards $14 million in staff bonuses

State of Wisconsin Investment Board, Madison, approves $13.8 million in staff incentive awards based on generating $1.2 billion in investments earnings above market returns and net of costs over the...

April 21, 2017 | 05:09 pm
Trump signs orders to review FSOC, tax regulations

Trump signs orders to review FSOC, tax regulations

Executive orders calling for a review of the Financial Stability Oversight Council and significant tax regulations issued in 2016 are signed Friday by President Donald Trump.

April 21, 2017 | 02:56 pm
Mendocino County Employees names finalists for 2 equity searches

Mendocino County Employees names finalists for 2 equity searches

Mendocino County Employees' Retirement Association, Ukiah, Calif., identifies finalists in its search for emerging markets equity and international small-cap equity managers.

April 21, 2017 | 04:03 pm
As DOL fiduciary rule stalls, acting SEC chairman seeks to have agency step in

As DOL fiduciary rule stalls, acting SEC chairman seeks to have agency step in

Securities and Exchange Commission Acting Chairman Michael Piwowar says the agency should take the lead in setting investment advice standards, a position he says is more likely with President Donald ...

April 21, 2017 | 03:43 pm
IACPM: Credit default concerns remain despite slight improvement in quarter

IACPM: Credit default concerns remain despite slight improvement in quarter

Credit managers continue to believe credit defaults will increase over the next 12 months, although the overall sentiment is continuing to improve, according to the latest quarterly survey from the...

April 21, 2017 | 08:00 am
Mubadala Capital takes on first third-party assets in private equity deal with Ardian

Mubadala Capital takes on first third-party assets in private equity deal with Ardian

Mubadala Capital, the investment unit of sovereign wealth fund Mubadala Development Co., Abu Dhabi, will for the first time manage third-party assets following a deal with French private equity firm...

April 21, 2017 | 11:53 am

State Street hires 2 for institutional investor custody business

Hemant Bhide is named senior vice president and head of U.S. asset owner business at State Street Corp., and Bruce Shain is named senior vice president and client...

April 21, 2017 | 12:16 pm
Deutsche Bank becomes first bank busted for breaking Volcker rule

Deutsche Bank becomes first bank busted for breaking Volcker rule

Deutsche Bank AG is hit with the Federal Reserve's first major fine for failing to ensure traders abide by the Volcker rule's ban on risky market bets — and will also pay even more for letting...

April 21, 2017 | 11:22 am
Target-date funds continue downward fee trend in 2016; assets rise 15%

Target-date funds continue downward fee trend in 2016; assets rise 15%

Target-date fund expense ratios fell to 71 basis points in 2016 on an asset-weighted basis, down from 73 basis points in 2015, making it the eighth consecutive year the ratio has declined, says...

April 20, 2017 | 03:44 pm
Dodd-Frank replacement bill to be weighed as lawmakers reconvene

Dodd-Frank replacement bill to be weighed as lawmakers reconvene

A Republican proposal to replace much of the Dodd-Frank Wall Street Reform and Consumer Protection Act will be unveiled when Congress returns April 24.

April 20, 2017 | 03:20 pm
Verizon calls in additional $3.4 billion discretionary pension contribution in first quarter

Verizon calls in additional $3.4 billion discretionary pension contribution in first quarter

Verizon Communications makes $3.4 billion in discretionary pension contributions in the first quarter.

April 20, 2017 | 02:01 pm

Federated Investors lifts out Phoenix Global team for Asia-Pacific push

Federated Investors lifts out a team from Phoenix Global Capital Management to establish a presence in the Asia-Pacific region.

April 20, 2017 | 02:16 pm
Canada Pension Plan ramping up direct energy investments

Canada Pension Plan ramping up direct energy investments

Canada Pension Plan Investment Board, Toronto, is investing directly in energy, expecting to invest between C$1 billion ($750 million) to C$2 billion a year through 2020, says Avik Dey, managing...

April 20, 2017 | 09:36 am