Maxim Announces $173M Settlement of Backdating Suit
May 7, 2010 (PLANSPONSOR.com) - Maxim Integrated Products has announced a $173 million settlement with plaintiffs in a stock option backdating class action.
Administration
NY Funds Reach Countrywide Suit Agreement
May 7, 2010 (PLANSPONSOR.com) – A $624-million settlement has been reached between New York State and New York City pension funds and Countrywide Financial Corp.
Conflict-of-Interest Charges against Former Pension Officials Dropped
May 7, 2010 (PLANSPONSOR.com) - Prosecutors have dropped conflict-of-interest charges against six former members of the San Diego pension board following a California Supreme Court ruling that dropped...
Maryland Pension Engages Alternative Investment Consultants
May 6, 2010 (PLANSPONSOR.com) - The Maryland State Retirement Agency (SRA) today announced that it has signed two new five-year contracts with consultants to help...
Schwab Settles State YieldPlus Fund Suit
May 6, 2010 (PLANSPONSOR.com) – Charles Schwab has agreed to pay $35 million to settle a California state court suit over its Schwab YieldPlus Fund.
New York Pension System Ups Investment in Fannie Mae Mortgages
May 6, 2010 (PLANSPONSOR.com) - The $129.4 billion New York State Common Retirement Fund has committed to invest an additional $500 million in New York mortgages currently provided...
Russell Weighs in on Target-date Glide Paths after Retirement
May 6, 2010 (PLANSPONSOR.com) - In its latest research, Russell Investments concludes that once a target-date fund reaches an individual's planned retirement date, it should have conservative allocations...
NC Pension System Considering Shift from Bonds
May 6, 2010 (PLANSPONSOR.com) - North Carolina’s $69 billion pension system, the 10th-largest public system in the U.S., is considering shifting some investments out of bonds to boost...
Former CalPERS Officials Sued over Investment Scheme
May 6, 2010 (PLANSPONSOR.com) – California authorities have sued former California Public Employees Retirement System (CalPERS) officials Federico Buenrostro Jr. and Alfred R. Villalobos for their roles in...
Sears Chief Warns of Store Closings without Pension Relief
May 5, 2010 (PLANSPONSOR.com) – Without a bill extending deadlines for funding corporate pensions becoming law, the parent company of Sears and Kmart could be forced to shutter...
Callan Launches Emerging Manager Talent Hunt
May 5, 2010 (PLASPONSOR.com) – Callan Associates has unveiled a program to identify emerging manager and minority, woman and disabled-owned firms (MWDO) as part of its ongoing efforts...
CDO Complaints Stack Up for Goldman Sachs
May 5, 2010 (PLANSPONSOR.com) – When it rains, it pours – and it’s sure raining on Goldman Sachs.
CalPERS Ratings Agency Suit Proceeds
May 5, 2010 (PLANSPONSOR.com) – A judge has rejected an attempt to block a pension fund’s lawsuit against major ratings agencies.
Michigan Investment Adviser Convicted of Embezzlement from Retirement Plan
May 4, 2010 (PLANSPONSOR.com) - Anthony A. James has been convicted of seven counts of mail fraud, six counts of wire fraud, and one count of embezzlement from...
Risk Models Help PBGC ‘Understand What’s Out There’
May 4, 2010 (PLANSPONSOR.com) – Statistical risk modeling simulations by the nation’s private sector pension insurer show its multiemployer plan program averaged a $4-billion deficit in 2019 measured...
More ETF Types Spring up as Demand Increases
April 30, 2010 (PLANSPONSOR.com) – As demand for ETFs has grown, ETF sponsors have offered more funds with a greater variety of investment objectives, according to the 2010...
Investment Companies See Growth in 2009
April 30, 2010 (PLANSPONSOR.com) - U.S.-registered investment companies managed $12.2 trillion at year-end 2009, a $1.8 trillion increase from year-end 2008.
Advisers Number One Source for Mutual Funds outside of Retirement Plans
April 30, 2010 (PLANSPONSOR.com) - Eighty percent of households that owned funds outside a workplace retirement plan held funds purchased through a professional adviser, according to the 2010...
New IASB Proposal Could Increase Scrutiny of Risks Taken by DB Plans
April 29, 2010 (PLANSPONSOR.com) - The International Accounting Standards Board (IASB) on Thursday issued its exposure draft on accounting for defined benefit (DB) pension plans.
Goldman Sachs E-mail Shows Harvard on Losing End of Trade
April 29, 2010 (PLANSPONSOR.com) – An e-mail released by the U.S. Senate indicates Goldman Sachs executives knew clients would lose in a large trade in mortgage-backed securities.