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.
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.
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.
Hedge funds and natural resources underperformed. New investments in private equity look no better.
Proposed rule changes would pressure proxy advisory firms to take a more management-friendly stance in their reports and vote recommendations.
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.
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.
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.
47% of plans’ assets were in U.S. stocks in third quarter, the most since 2007.
All-time low discount rates forcing pension plan sponsors to re-think equity risk.