SecLending Still Important for Hedge Funds
June 25, 2010 (PLANSPONSOR.com) – While 56% of the 92 public pension plans recently studied had hedge fund or 130/30 vehicle investments, that does not mean institutional...
Administration
Another Law Firm Investigating BP 401(k) Plan
June 25, 2010 (PLANSPONSOR.com) - Stull, Stull & Brody announced it has started an investigation relating to the 401(k) plans of BP Corporation North America Inc.
Portfolio Manager Charged with Stealing from CO PERA
June 25, 2010 (PLANSPONSOR.com) - Denver District Attorney Mitch Morrissey has charged a woman accused of stealing hundreds of thousands of dollars from the Colorado Public Employees' Retirement...
Increased Buyback Activity Aimed at Neutralizing Employee Options
June 24, 2010 (PLANSPONSOR.com) - Standard & Poor's announced that preliminary results show that S&P 500 stock buybacks for the first quarter of 2010 increased 79.5% to $55.3...
Leveling Reported on Audit Charges
June 24, 2010 (PLANSPONSOR.com) – A newly-released report from Financial Executives Research Foundation (FERF) reveals companies surveyed reported a leveling in their average audit fees.
GASB Releases Investment Reporting Updates
June 24, 2010 (PLANSPONSOR.com) –The Governmental Accounting Standards Board (GASB) issued Statement No. 59, Financial Instruments Omnibus, which it said updates existing mandates regarding financial reporting of...
Law Firm Probing Potential BP ERISA Violations
June 24, 2010 (PLANSPONSOR.com) – The Milberg LLP law firm has announced it is investigating possible illegal conduct relating to BP's 401(k) plan for U.S....
NYC Pension Funds Unveil Disclosure Rules
June 24, 2010 (PLANSPONSOR.com) – New York City Comptroller John C. Liu this week announced “transparency and disclosure initiatives” that will be applied to money managers seeking...
DiNapoli Lines up Counsel for BP Oil Spill Suit
June 23, 2010 (PLANSPONSOR.com) – New York state Comptroller Thomas P. DiNapoli announced that he hired a law firm to represent the state Common Retirement Fund (CRF)...
PA Terror-Free Investing Bill Sent to Governor
June 23, 2010 (PLANSPONSOR.com) – A Pennsylvania bill to stop public pension funds from investing in foreign companies that have significant business ties with Iran and Sudan is...
Money Managers See Market Value but Risk Potential
June 23, 2010 (PLANSPONSOR.com) – Forty-seven percent of professional money managers in Russell Investments’ latest quarterly poll believe the market to be undervalued, up markedly from 28% in the...
Institutional Investors Plan to Increase Alternative Investment Holdings
June 21, 2010 (PLANSPONSOR.com) - Institutional investors globally, including pension funds, endowments, foundations and insurance providers, expect to re-commit to alternative investments, according to the ninth global survey...
Ohio Pension Losses Pop Up in Governor’s Race
June 21, 2010 (PLANSPONSOR.com) – With Lehman Brothers-related losses at a state of Ohio pension fund a political issue in the governor’s race, a pension official insists politics...
BP Crisis Leads NY Pension Fund to Review Energy Holdings
June 21, 2010 (PLANSPONSOR.com) - New York state's pension fund is considering suing BP PLC for its management of the well in the Gulf of Mexico that's been spewing oil,...
Principal R/E Fund Makes Another Distribution
June 21, 2010 (PLANSPONSOR.com) – Just 30 days after its last distribution to holders of its frozen real estate fund, the Principal has made another...
Senate OKs Pension Funding Relief Provision
June 18, 2010 (PLANSPONSOR.com) – The U.S Senate has approved a measure granting pension funding relief after provisions granting the relief were attached to a broader bill dealing...
Actuary Group Discusses GASB Pension Accounting Changes
June 18, 2010 (PLANSPONSOR.com) – A new American Academy of Actuaries report indicates that a new government accounting proposal to recognize unfunded pension obligations is substantially different than...
TRS of Texas Reports Record Earnings
June 18, 2010 (PLANSPONSOR.com) - The Teacher Retirement System of Texas (TRS) Pension Fund ended the first quarter with a market value of $96.7 billion after producing an...
Adviser Who Misused Pension Funds Sentenced to Nine Years
June 18, 2010 (PLANSPONSOR.com) - John Orecchio, a former investment adviser accused of misusing funds from six union pension plans was sentenced to nine years and four months...
GASB Proposal: Pension Underfunding Reported as Liability
June 17, 2010 (PLANSPONSOR.com) – Governments would have to report as a liability on their accrual-based financial statements the unfunded portion of their pension plan under a new...