Plotkin shuts Melvin hedge fund reeling from Redditor attack
May 19, 2022 12:07:57 PMMore than a year after Gabe Plotkin's Melvin Capital Management was grievously injured in a short squeeze, the $7.8 billion hedge fund is shutting down.
Barnabas Health settles ERISA complaint for $1.75 million
May 18, 2022 03:13:29 PMBarnabas Health Inc. will pay $1.75 million to settle a lawsuit alleging ERISA violations in its 401(k) and 403(b) plans.
Tesla loses spot on S&P ESG index due to concerns over crashes, working conditions
May 18, 2022 02:30:16 PMThe world's most famous electric-vehicle maker has lost its spot on the ESG version of the S&P 500 index.
World's richest family bet on munis, Japanese stocks, Coinbase
May 16, 2022 01:31:35 PMAn investment firm for the Walton family ramped up its position in a U.S. municipal bond fund and added a sizable stake in Japanese equities.
Foreign managers count on China market's inefficiency for years to come
May 13, 2022 08:15:00 AMBeijing is pushing to make China's market more institutional but foreign managers expect alpha-friendly retail dominance for years to come.
KraneShares ETF seeks ‘low-carbon leaders,’ but dinged on fossil fuel holdings
May 12, 2022 10:08:04 AMKraneShares believes its strategy of focusing on high-emitting companies doing the most to move away from fossil fuels offers an opportunity for investors.
Nextep, former participants reach deal to settle ERISA lawsuit
May 11, 2022 02:49:40 PMNextep Inc. and former participants in a 401(k) plan have agreed to settle a lawsuit claiming ERISA violations in managing the plan.
SEC's Gensler says crypto exchanges trading against clients
May 11, 2022 11:27:31 AMGary Gensler is ratcheting up his criticism of digital-asset exchanges, arguing that some platforms are shirking rules.
Money managers are swooping in to fill Manhattan's office void
May 10, 2022 04:04:07 PMHedge funds and investment firms are coming out of the pandemic embracing an out-of-favor asset: Manhattan office space.
Former employees allege ERISA violations at O'Reilly Automotive
May 10, 2022 03:21:58 PMA lawsuit against O'Reilly Automotive and 401(k) plan fiduciaries claims fees for investments and record keeping were too high.
Sandy Spring Bancorp to terminate pension plan
May 09, 2022 03:49:46 PMIn a filing, Sandy Spring said it planned to purchase a group annuity to transfer the remaining liabilities of its $45 million pension plan.
Convertibles seen as a buffer as rates go up
May 09, 2022 12:00:00 AMConvertible bonds can potentially provide a different risk/reward profile to a fixed-income investor's portfolio, industry sources said.
Time might be right to take ride in convertibles
May 09, 2022 12:00:00 AMConvertible bonds could be an asset to weather a climate of high inflation and rising interest rates, some fixed-income specialists say.
Specialists discuss holistic to fundamental approaches to convertibles
May 09, 2022 12:00:00 AMFixed-income specialists discuss how they evaluate convertible bonds in the current market.
Another crypto issue: Is there really demand?
May 09, 2022 12:00:00 AMAlthough some sponsors and consultants are asking questions about crypto in retirement plans, there's little indication now the DC industry is ready to act.
Corporate plans get boost from rising rates, returns
May 09, 2022 12:00:00 AMLiabilities plummeted and funded status improved for the 100 largest plans in 2021 as the average discount rate rose 30 basis points.
Alts managers only ones to avoid Q1 declines
May 09, 2022 12:00:00 AMMost asset managers saw net outflows in the first quarter as weak markets, inflation and geopolitical worries weighed on investors.
Baird's Mary Ellen Stanek earns Morningstar award
May 09, 2022 12:00:00 AMBaird's Mary Ellen Stanek wins Morningstar's latest Outstanding Portfolio Manager Award.
Orlando Police sues Twitter, Musk over takeover timing
May 06, 2022 03:19:24 PMOrlando Police Pension Fund in a lawsuit claimed Elon Musk's proposed acquisition of Twitter Inc. may not lawfully close until 2025.
BlackRock mum on talk of actively managed senior loan ETF
May 06, 2022 08:45:00 AMAn analyst predicts BlackRock will launch an actively managed senior loan ETF.
Elon Musk turns to money managers, billionaire backers, skeptics for Twitter bid
May 05, 2022 11:05:25 AMElon Musk's $7.1 billion of new financing commitments to help him buy Twitter Inc. for $44 billion come from the highest rungs of global finance.
Retirees sue UPS alleging company shortchanged pension benefits
May 02, 2022 03:42:25 PMA lawsuit against UPS claims ERISA violations because pension benefit calculations used allegedly out-of-date mortality tables.
PBGC OKs $1.9 billion in assistance for 2 multiemployer plans
April 29, 2022 04:02:12 PMThe Pension Benefit Guaranty Corp. said it had approved a combined $1.9 billion in special financial assistance for two multiemployer plans.
Federal judge rejects Juniper request to dismiss ERISA case
April 29, 2022 01:09:10 PMPlaintiffs suing Juniper Networks Inc. and its fiduciaries provided a "wealth of factual allegations," a judge said in refusing to dismiss the case.
China and U.S. negotiate on-site audit checks as delistings loom
April 29, 2022 11:48:00 AMBeijing is discussing with American regulators the logistics of allowing on-site audit inspections of Chinese companies listed in New York.