Latest News

Northern Trust AUM dips for quarter, rises 9.1% for year

Northern Trust AUM dips for quarter, rises 9.1% for year

Northern Trust Corp. reported total assets under management of $923.3 billion as of Sept. 30, a 0.1% decrease from three months earlier but up 9.1% from a year earlier, said its third-quarter...

October 22, 2014 | 11:36 am

BT loses battle at top EU court to block pension aid repayment

BT Group PLC, the U.K.'s former phone monopoly, and its pension fund lost their bid to overturn a European Union order forcing the repayment of as much as £16.6 million ($26.6 million) in...

October 22, 2014 | 11:16 am
Ford dropping PIMCO Total Return Fund from 401(k) plan

Ford dropping PIMCO Total Return Fund from 401(k) plan

Ford Motor Co. will drop the PIMCO Total Return Fund as an option in its $12.8 billion U.S. 401(k) plan on Nov. 14.

October 21, 2014 | 03:55 pm

Compass iTech files suit against eVestment for 'campaign' against the firm

Compass iTech filed a lawsuit against eVestment for allegedly leading a “disruptive and destructive campaign” against the company and its data entry tool, ProFusion, following failed...

October 21, 2014 | 04:14 pm
SEC's compliance office makes conflicts of interest a top priority

SEC's compliance office makes conflicts of interest a top priority

Conflicts of interest are a top priority for the Securities and Exchange Commission's office of compliance inspections and examinations, Andrew Bowden, OCIE director, told compliance professionals...

October 21, 2014 | 04:04 pm
Lockheed Martin to forgo pension contributions in 2015 through 2017

Lockheed Martin to forgo pension contributions in 2015 through 2017

Lockheed Martin Corp. announced Tuesday it has contributed $1 billion in contributions to its defined benefit plans thus far in 2014 out of an expected $2 billion and does not expect to make further...

October 21, 2014 | 02:27 pm

Unilever enters into buy-in with Legal & General on expatriate fund

Uniac Pension Fund agreed to a buy-in with Legal & General Group to insure £129 million ($208.5 million) of liabilities.

October 21, 2014 | 02:59 pm
Panasonic completes pension fund buyout for U.K. unit

Panasonic completes pension fund buyout for U.K. unit

Panasonic Systems Networks Co. U.K. Ltd. Pension and Life Assurance Scheme completed a buyout with Rothesay Life.

October 21, 2014 | 12:19 pm

Dallas Police & Fire splits administrator position, looking to fill 2 roles

Dallas Police & Fire Pension System decided to split the retirement administrator position into two roles — an executive director/CEO and chief investment officer.

October 21, 2014 | 01:49 pm

Evanston Capital Management names business development head

Lance Donenberg was named principal and head of strategic business development at hedge funds-of-funds manager Evanston Capital Management.

October 21, 2014 | 01:45 pm
DeAWM closes third secondary fund at $1.66 billion

DeAWM closes third secondary fund at $1.66 billion

Deutsche Asset & Wealth Management closed its DB Secondary Opportunities Fund III at its $1.66 billion hard cap.

October 21, 2014 | 12:02 pm
Danish pension funds now required to report hedge fund use

Danish pension funds now required to report hedge fund use

Denmark's Financial Supervisory Authority will require pension funds to submit quarterly reports on their alternative investments to track their use of hedge funds, exposure to private equity and...

October 21, 2014 | 01:19 pm

NZ Super Fund ends quarter up 1.1% at NZ$26.7 billion

New Zealand Superannuation Fund, Auckland, posted a 1.1% gain for the quarter ended Sept. 30, after paying taxes owed to the New Zealand government, lifting the value of its investment portfolio to...

October 21, 2014 | 03:33 am
Colorado high court upholds COLA reduction for state pension fund

Colorado high court upholds COLA reduction for state pension fund

The Colorado Supreme Court ruled Monday that the reduction to cost-of-living adjustments for Colorado Public Employees Retirement Association members approved under earlier legislation was...

October 20, 2014 | 05:54 pm

Chicago treasurer won’t seek re-election, sits on 5 pension fund boards

Stephanie Neely, Chicago city treasurer, announced Monday she will not run for re-election in early 2015.

October 20, 2014 | 05:24 pm