Pensions&Investments23h
Interest rates are falling. Managers employ varied strategies to reinforce fixed-income’s role in target-date funds.
With the Federal Reserve having cut interest rates once, and more cuts possible in the near future, managers of target-date ...
Pensions&Investments20h
MetLife said to be in talks to buy tycoon Li’s PineBridge assets outside of China
Li’s PCG has been considering a sale of PineBridge, excluding a China joint-venture with Huatai Securities Co., the people ...
Pensions&Investments13h
DOL’s Ali Khawar defends fiduciary and ESG rules, discusses lost-and-found database
Ali Khawar, principal deputy assistant secretary for the Labor Department’s Employee Benefits Security Administration, ...
Pensions&Investments16h
Outreach to employee resource groups key to educating Walt Disney workforce about new student loan matching benefit
SECURE 2.0 may be complex and difficult, but it’s made it easier to implement many of the programs Walt Disney had long ...
Pensions&Investments18h
Texas Permanent takes stake in sports private equity firm Velocity Capital
Texas Permanent School Fund, Austin, is taking a minority stake in private equity firm Velocity Capital Management, according ...
Pensions&Investments18h
Norway’s DNB Bank to acquire Carnegie Holding in $1.2 billion deal
DNB, the largest bank in Norway, will acquire Sweden-based Carnegie Holding from private equity firm Altor for 12 billion ...
Pensions&Investments18h
Ontario Teachers, PSP Investments ready $7.6 billion sale of Cubico
Ontario Teachers has assets of C$255.8 billion ($185.3 billion), and PSP Investments had C$264.9 billion in assets as of ...
Pensions&Investments17h
BlackRock's Fink says U.S. needs to discuss retirement system issues, national debt
The two biggest issues facing the U.S. that don’t get discussed enough are the nation’s retirement system and mounting ...
Pensions&Investments16h
Hightower Holding to acquire majority stake in NEPC
Hightower Holding, a Chicago-based wealth management firm, has agreed to acquire a majority stake in Boston-based investment ...
Pensions&Investments16h
401(k) plan sponsors increasingly rely on consultancy services — Morgan Stanley survey
More than 80% of retirement plan sponsors said they are currently using a consultant, thereby reflecting the need for ...
Pensions&Investments20h
Boeing Co. offers striking workers 401(k) enhancements; union vote set for Oct. 23
Striking workers at aerospace giant Boeing Co., Chicago, will vote Oct. 23 on a new contract proposal from the firm that will ...
Pensions&Investments17h
New Zealand sovereign wealth fund promotes 2 to co-CIO
New Zealand Superannuation Fund, Wellington, has promoted two senior managers to be joint chief investment officers starting ...