In The News

In The News
Prudential Latest Recordkeeper To Face Self-Dealing ERISA Lawsuit
11.08.19

Plaintiffs challenge the use of proprietary products in Prudential’s defined contribution retirement plans, an arrangement they say impermissibly benefitted the company at the expense of plan performance.

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Individual Investors Pulled $20 Million From Fisher Investments Following Billionaire's Sexist Comments
11.08.19

Individual investors at Fisher Investments transferred $20 million from the firm the week after the billionaire made lewd comments at a conference, according to a research note from Mercer, an advisor to institutional investors.

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Illinois Senate President Backs Bill Merging Police, Fire Pension Funds
11.08.19

Momentum may be building to consolidate Illinois’ more than 640 downstate and suburban police and fire pension systems’ investments now that Illinois Senate President John Cullerton introduced a bill to do just that.

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Ivy League Endowments Make the Same Old Mistakes
11.08.19

Hedge funds and natural resources underperformed. New investments in private equity look no better.

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SEC Proposal Protects Executives, Hamstrings Investors
11.08.19

Proposed rule changes would pressure proxy advisory firms to take a more management-friendly stance in their reports and vote recommendations.

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Pensions Venture Into Risky Corners Of The Market In Hunt For Returns
11.07.19

Some pension-fund managers are venturing further into unusual investment territory as this year’s plunge in bond yields makes it even harder to find decent long-term returns.

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Eying Liquidity, New York Pension Fund Looks To Trim Equities
11.06.19

New York pension officials may shift money from equities to bonds to reduce market risk and ensure liquidity in their $216 billion fund, the system’s chief investment officer said on Monday.

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Should California Pension Funds Quit Oil And Gas? Report Says They Can Earn More If They Do
11.06.19

California’s two biggest public pension funds could have made about $17 billion more if they had dumped their fossil fuel investments a decade ago, climate advocacy group argues in a study it’s publishing Tuesday.

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Public Pension Plans Continue To Shift Into U.S. Stocks
11.06.19

47% of plans’ assets were in U.S. stocks in third quarter, the most since 2007.

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More Pensions Deploying Defensive Equity Strategies To LDI Risk Sleeve
10.30.19

All-time low discount rates forcing pension plan sponsors to re-think equity risk.

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