Latest News

Kentucky Supreme Court strikes down pension reform law

Courts

Courts

The Kentucky Supreme Court ruled unconstitutional a pension reform bill signed by Gov. Matt Bevin because it violated a state law.
GOP hurtles toward shutdown with no plan as Congress takes break

WASHINGTON

WASHINGTON

House Republican leaders sent their members home for a six-day break without revealing any plan to avoid a looming government shutdown.
Cambridge Associates: Investors might see more risk, less return in 2019

Investing

Investing

Economic expansion will continue into 2019, but volatility will remain elevated, possibly increasing risk and lowering returns.
Employers try to balance value of older workers' experience with costs of retaining them – survey

Retirement Plans

Retirement Plans

Employers want to take advantage of older employees' knowledge and experience but also worry about potential higher costs of retaining them.

Pension Funds

Pension Funds

Robert A. Wylie, executive director South Dakota Retirement System, has announced plans to retire within the year.

Money Management

Money Management

Thomas Hirschmann was named managing director head of distribution at Hotchkis & Wiley Capital Management.

Money Management

Money Management

Forrest Wilson was named vice president of retirement plans at Ameritas.
DC participants not saving enough, withdrawing too much — report

Defined Contribution

Defined Contribution

Participants in defined contribution plans are saving too little and withdrawing too much, research shows.
GAM announces AUM drop, restructuring, no dividend; stock price falls

Money Management

Money Management

GAM Holding saw its share price fall about 22% on Thursday as it announced an AUM drop, companywide restructuring and no dividend this year.
Congressman floats bill to sell bonds to pension funds and capitalize infrastructure bank

Infrastructure

Infrastructure

Rep. John Yarmuth plans to introduce legislation that would sell federal bonds to pension funds to finance a national infrastructure bank.
Hewlett-Packard Enterprise expects to contribute $190 million to non-U.S. pension plans

Pension Funds

Pension Funds

Hewlett-Packard Enterprise Co. expects to contribute about $190 million to its non-U.S. pension plans in fiscal year 2019.
Edward Jones agrees to pay $3.2 million to settle 401(k) fiduciary breach case

Courts

Courts

Edward Jones agreed to a $3.175 million settlement with 401(k) plan participants who alleged ERISA violations relating to investment options.
Jabre joins hedge fund veterans quitting a brutal market

Hedge Funds

Hedge Funds

Philippe Jabre is returning money to investors after a challenging year, adding to the growing list of hedge fund veterans calling it quits.

Searches and Hires

Searches and Hires

Texas Employees hired NEPC as general investment consultant and CBRE Caledon as consultant for its infrastructure portfolio.
ECB leaves rates unchanged, to end stimulus program

Economy

Economy

The European Central Bank kept interest rates unchanged and will end its asset purchase program this month.