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Canada Pension Plan, Texas Teachers oppose Wal-Mart pay

Canada Pension Plan, Texas Teachers oppose Wal-Mart pay

Canadian Pension Plan Investment Board, Texas Teacher Retirement System and Institutional Shareholder Services oppose ratification of the pay of the CEO of Wal-Mart Stores Inc., while Glass Lewis...

May 27, 2016 | 04:07 pm

S&P downgrades Chicago water district bonds on pension liability concerns

Standard & Poor's Ratings Services lowered the Metropolitan Water Reclamation District of Greater Chicago's general-obligation debt rating to AA+ from AAA on Thursday, citing concerns over the...

May 27, 2016 | 12:59 pm
Chicago Policemen's fund names finalists in consultant, direct lending searches

Chicago Policemen's fund names finalists in consultant, direct lending searches

Chicago Policemen's Annuity & Benefit Fund named four finalists in its search for an investment consultant.

May 27, 2016 | 03:50 pm
Preqin: A net 98 managers added to '$1 billion club' even as assets fall

Preqin: A net 98 managers added to '$1 billion club' even as assets fall

Hedge fund managers with at least $1 billion in assets under management control $2.75 trillion of the total $3.13 trillion held by worldwide hedge fund managers.

May 27, 2016 | 03:44 pm
Delta 401(k) participants sue Fidelity alleging fiduciary breach

Delta 401(k) participants sue Fidelity alleging fiduciary breach

Participants in a Delta Air Lines Inc. 401(k) plan have sued units of Fidelity Investments, alleging fiduciary breaches in Fidelity's record-keeping role.

May 27, 2016 | 03:08 pm

Winton CIO to shift to venture capital, data units; deputy directors to take over investments

Carsten Schmitz and Joss Anstey were named co-heads of investment management at Winton Capital Group.

May 27, 2016 | 03:03 pm
U.K. Treasury analysis warns Brexit could result in big hit to retirement fund assets

U.K. Treasury analysis warns Brexit could result in big hit to retirement fund assets

A U.K. exit from the European Union could lead to a 29% drop in the value of U.K. equities held in retirement portfolios by 2018, the U.K. Treasury warned this week.

May 27, 2016 | 12:55 pm

Bank for International Settlements sets principles for global FX code

Principles for more secure and transparent foreign-exchange trading were introduced Thursday by the Bank for International Settlements.

May 27, 2016 | 12:26 pm
More time to register for P&I's Best Places to Work, Excellence and Innovation awards

More time to register for P&I's Best Places to Work, Excellence and Innovation awards

Deadlines for Pensions & Investments' Best Places to Work in Money Management recognition program as well as the Excellence and Innovation Awards have been extended.

May 27, 2016 | 11:02 am

Liberty Mutual employees score victory in pension fight

An appeals court handed a victory to several Liberty Mutual Insurance Co. employees, ruling they could pursue claims against the insurer for denying them past service credits under its retirement plan.

May 26, 2016 | 06:01 pm

Saint Francis Hospital settles church-plan challenge with $107 million contribution

Saint Francis Hospital and Medical Center, Hartford, Conn., will contribute $107 million to its pension plan to settle a class-action lawsuit challenging its church-plan status.

May 26, 2016 | 03:56 pm
Alaska Permanent plans up to $3 billion for private investments next fiscal year

Alaska Permanent plans up to $3 billion for private investments next fiscal year

Alaska Permanent Fund Corp., Juneau, approved a private markets pacing plan for fiscal year 2017 starting July 1, said a news release from the $52.7 billion sovereign wealth fund.

May 26, 2016 | 03:25 pm
Morningstar: 529 plan assets increase 4.3% in 2015

Morningstar: 529 plan assets increase 4.3% in 2015

College savings plan assets grew 4.3% to $227.3 billion as of Dec. 31 from a year earlier, said a report from Morningstar.

May 26, 2016 | 03:19 pm

U.K. government looking for comments on how to preserve British Steel Pension Scheme

The U.K. government has invited the pension fund industry to comment on proposals that include regulatory changes to help the British Steel Pension Scheme, part of a wider package to help rescue the...

May 26, 2016 | 02:16 pm
UMass endowment to divest from fossil-fuel companies

UMass endowment to divest from fossil-fuel companies

University of Massachusetts Foundation's board voted unanimously to divest direct holdings in fossil-fuel companies on behalf of the Amherst, Mass.-based university's $770 million endowment,...

May 26, 2016 | 01:59 pm