Homestore Settles CalSTRS-led Suit
August 13, 2003 (PLANSPONSOR.com) - Homestore Inc. has agreed to reform its corporate policies and to pay approximately $64 million in cash and stock to settle a class...
Administration
LJH: Investors Cut Hedge Fund Investments By 14% In Second Quarter
August 13, 2003 (PLANSPONSOR.com) - As the broader markets have begun to rebound in recent months, investors have shied away from riskier hedge fund strategies.
CMA/CFM Certifications Worth 25% More
August 13, 2003 (PLANSPONSOR.com) - Adding a Certified Management Accountant (CMA) or Certified Financial Manager (CFM) designation onto a financial executive's resume can be worth 25% more on...
Alaska Fund Takes $500M Hedge Fund Position
July 1, 2004 (PLANSPONSOR.com) - State of Alaska pension officials are following many of their public pension brethren into the hedge fund space.
BLS: One in 10 Workers Hold Stock Options
July 1, 2004 (PLANSPONSOR.com) - One in 10 workers had access to stock options in March 2003, but option grants were more highly concentrated among higher-paid and white-collar...
PIMCO Units Settle Garden State Charges
June 1, 2004 (PLANSPONSOR.com) - Three units of PIMCO, have agreed to pay an $18 million fine to New Jersey state regulators to settle abusive fund trading practices.
NASD Slams Broker-Dealer for VA Market Timing
June 1, 2004 (PLANSPONSOR.com) - The National Association of Securities Dealers (NASD) has thrown down the gauntlet on the first case brought against a broker-dealer for "facilitating deceptive...
Forstmann Little Trial Opens with State of CT Allegations
June 1, 2004 (PLANSPONSOR.com) - Buyout firm Forstmann Little & Co. sold the state of Connecticut a bill of goods - portraying itself as a "conservative investor" -...
Plan Sponsors Note "Hot" Spots in Alternative Investments
June 13, 2003 (PLANSPONSOR.com) - A growing number of plan sponsors appear to be increasingly enamored about the use of alternative investments in pension plans, and given their...
CalPERS Moves To Increase Hedge Fund Investments
June 13, 2003 (PLANSPONSOR.com) - The nation's largest public pension fund, the California Public Employees' Retirement System (CalPERS), has announced plans to increase its hedge fund investments.
UBS Study: UK Pension Assets to Jump 40%
June 13, 2003 (PLANSPONSOR.com) - British pension fund assets will rise 40% to £1.41 trillion by 2012 as savers are required to boost assets for their retirement, according...
Two Charged in Atlanta Pension Theft Scheme
June 13, 2003 (PLANSPONSOR.com) - Atlanta authorities have arrested two suspects in the theft of pension funds from city employees' retirement accounts.
Investors Have Lost Faith
June 25, 2002 (PLANSPONSOR.com) - The Enron scandal and subsequent investigations of possible wrongdoing by a number of publicly traded companies has taken its toll on investors, a...
Putnam Releases Proxy-Voting Guidelines
May 13, 2003 (PLANSPONSOR.com) - The Board of Trustees of the Putnam Funds has made public its proxy voting guidelines for securities owned by its funds.
CA Comptroller Calls For Hedge Fund Disclosure
May 13, 2003 (PLANSPONSOR.com) - California State Controller Steve Westly has asked the US Securities and Exchange Commission (SEC) to provide "reasonable safeguards" in the hedge fund industry.
Investors Optimistic About Long-Term
May 13, 2003 (PLANSPONSOR.com) - United States investors may be pulling out of equities in the short-term, but remain cautiously optimistic about the possibility of long-term opportunities in...
H-P's Fiorina Explains Deutsche Remark
April 25, 2002 (PLANSPONSOR.com) - The vote by Deutsche Bank to support Hewlett-Packard (H-P)'s proposed acquisition of Compaq Computer Corp. continued to dominate proceedings in a Delaware courtroom...
Enron Lessons Fail to Stick
April 25, 2002 (PLANSPONSOR.com) - Despite the media frenzy over the Enron debacle, very few 401(k) participants have learned their lesson about holding too much company stock in...
Shareholders Hit Verizon, Raytheon Exec Comp Rules
April 25, 2002 (PLANSPONSOR.com) - Shareholders at two prominent US companies have turned away efforts to keep pension gains from further boosting executive pay and bonuses, but the...
Risk Budgets Not Hot at Hedge Funds
April 25, 2002 (PLANSPONSOR.com) - Only 14% of hedge funds and 19% of funds of funds have had risk budgets assigned by investors, new research from the an...