In The News
BlackRock has agreed to pay $9.6 million to end an Employee Retirement Income Security Act class action accusing it of costing workers and retirees millions in unreasonable 401(k) plan fees and bad investment decisions, the investors said in a bid for preliminary approval of the deal.
The asset manager steered more money to stock funds last year than it intended for some individuals in a roughly $27 billion education-savings plan administered by the state of Nevada.
Fund V brings the firm’s total assets under management to more than $1.6 billion.
Better governance, flexibility, and clever investment strategies and solutions can prepare pension funds for the future, plan leaders say.
One lawsuit said that buying restrictions were only imposed on retail investors, not institutions, when the GameStop frenzy peaked in late January.
Ariel Investments, LLC (“Ariel” or “the firm”), a global value-based asset management firm, announced today the appointment of Fazal Merchant, Former Co-CEO of Tanium Inc., and Anthony D. Romero, Executive Director of the American Civil Liberties Union (ACLU), to its Board of Directors.
A confidential Calpers board meeting on chief investment officer Ben Meng’s abrupt departure is the subject of an intensifying legal fight between the nation’s largest public pension fund and a former director.
The partners have committed an initial $200 million of equity to the venture with the potential for an additional $200 million equity commitment.
J.P. Morgan’s proprietary analysis of the 100 largest corporate pensions reveals several lessons defined benefit plan sponsors can learn from last year.
Oaktree Capital Management raised about $4.7 billion with its largest real estate fund and related investment vehicles.