Managers make further divestments from sanctioned Chinese firms
January 15, 2021 01:31:29 PMBlackRock has sold most of its holdings in China Telecom, the latest divestment from Chinese firms that are the subjects of U.S. sanctions.
Plaintiffs target Associated Banc-Corp in ERISA suit
January 14, 2021 02:26:00 PMCurrent and former participants of a 401(k) plan offered by Associated Banc-Corp sued the Wisconsin company for violating ERISA.
CPPIB in deal with Greystar to develop U.S. housing
January 13, 2021 02:59:08 PMCanada Pension Plan Investment Board and Greystar Real Estate Partners formed a joint venture to pursue U.S. real estate opportunities.
DOL issues guidance on missing participants
January 13, 2021 10:40:41 AMThe Department of Labor has unveiled three pieces of guidance related to missing participants, including a range of best practices.
Capital Constellation buys stake in Avista Capital Partners
January 12, 2021 01:57:51 PMCapital Constellation purchased a stake in private equity manager Avista Capital Partners, which focuses on health-care investments.
Wall Street rethinks campaign donations after Capitol siege
January 11, 2021 04:52:33 PMFor years Wall Street sprinkled money across U.S. politics to make and keep friends in Washington. Now, it's rethinking the consequences.
Alberta Pensions Services pivots to new investment consultant
January 11, 2021 01:30:26 PMFederal judge dismisses ERISA suit against Vail Corp.
January 11, 2021 01:23:52 PMA federal judge dismissed a complaint against Vail Corp. by a former participant in the company's 401(k) plan who alleged ERISA violations.
Unisys buys annuity to transfer $280 million in U.S. pension assets
January 11, 2021 11:45:26 AMUnisys Corp. entered into an agreement to purchase a group annuity contract to transfer about $280 million in U.S. pension plan assets.
Investors pile into real estate with hope of better returns
January 11, 2021 12:00:00 AMReal estate investors and managers expect investment opportunities in 2021, with the proviso that they may have to reassess their plans.
Manager M&A down but certainly not out
January 11, 2021 12:00:00 AMAsset management deals slowed in 2020 compared to 2019, but transactions are expected to rise in year ahead.
Investors push alternative managers closer on ESG
January 11, 2021 12:00:00 AMESG is a growing focus for alternative investment managers who are being pushed to take those considerations seriously by investors.
Retirement security could be only issue both sides accept
January 11, 2021 12:00:00 AMHopes are high for Congress to pass another retirement security package in 2021.
Indexes delisting more Chinese companies
January 08, 2021 02:29:32 PMGlobal index providers FTSE Russell and MSCI will remove three more Chinese companies, in response to a White House order.
NYSE reverses again with plan to delist China telecom firms
January 07, 2021 07:51:35 AMThe New York Stock Exchange is proceeding with a plan to delist three Chinese telecommunications firms, its second about-face this week.
Commentary: New ‘investment-plus’ test poses risks to private equity investors
January 07, 2021 07:00:00 AMPrivate equity firms that understand withdrawal liability and how to mitigate associated risks face less competition in the marketplace.
Ascensus, Empower acquire Truist record-keeping business
January 06, 2021 11:25:11 AMAscensus and Empower Retirement announced the purchase of Truist Financial Corp.'s institutional 401(k) record-keeping businesses.
NYSE’s second-guessing on China delistings sows confusion
January 06, 2021 08:36:08 AMThere’s confusion over how to interpret President Trump's order to halt investment in certain Chinese firms — costing investors billions.
NYSE weighs reverting to original plan to delist China shares
January 05, 2021 05:16:07 PMThe New York Stock Exchange is reconsidering a decision to halt the delisting of three Chinese firms after Trump administration objections.
Allstate hit with second suit involving Northern Trust funds
January 05, 2021 03:18:42 PMA participant in Allstate's 401(k) plan sued over "poorly performing" funds from Northern Trust, adding to litigation begun in October.
NYSE scraps plan to delist China telecoms in ‘bizarre’ U-turn
January 05, 2021 09:34:29 AMNYSE will not delist three Chinese state-owned telecom firms, backtracking on a plan that had threatened to escalate U.S.-China tensions.
PBGC brokers deal to delay UFCW local pension fund insolvency
January 04, 2021 03:46:45 PMThe PBGC reached a settlement with a multiemployer pension fund and contributing grocery employers to delay its projected insolvency.
Onex acquires private credit manager Falcon Investment
January 04, 2021 03:32:11 PMAlternative money manager Onex Corp. acquired private credit manager Falcon Investment Advisors.
PBGC advocate backs plan sponsors request for funding, premium relief
January 04, 2021 03:25:18 PMThe PBGC's advocate for plan sponsors and plan participants is backing plan sponsors in a call for funding stabilization and premium relief.
Trump renominates 3 to Thrift board, Shelton to Fed board
January 04, 2021 11:03:11 AMPresident Trump reintroduced three nominations to the Federal Retirement Thrift board, along with Judy Shelton to serve on the Fed board.