Hedge Fund Morphs into Long-Short Mutual Fund
Bull Path Capital Management today announced the conversion of one of its long-short hedge funds into a long-short equity mutual fund, the Bull Path Long Short Fund (BPFCX).
News
Russell Unveils Frontier Market Fund
Russell Investments has launched the Russell Frontier Markets Equity Fund, a multi-manager institutional fund with a specific frontier markets investment mandate.
New Fund Provides Index for Bank Securities
The First Trust NASDAQ ABA Community Bank Index Fund (NASDAQ: QABA) is scheduled to begin trading on July 1.
Zurich Firm Launches U.S. Sustainability Fund
SAM Sustainable Asset Management (SAM), a Zurich-based investment firm, has launched a new mutual fund for U.S. investors, the SAM Sustainable Global Active Fund.
Denver Firm Releases Target-date Fund Oversight System
UAT, a Denver-based technology and consulting company, has unveiled Unified Compliance and Control System (UCCS), a pre-trade compliance and real-time risk management system it says will bolster the...
Transamerica Launches 401(k) Business-Building Workshop for Advisers
Transamerica Retirement Services unveiled an audio tool to help financial advisers build and maintain profitable business in the growing small-plan retirement market.
Employers Want to Offer Advice
A study found that employers strongly support making broader retirement and financial advice more accessible for workers.
IMHO: Design Lines
It’s now been nearly three weeks since our Plan Designs conference in Chicago and, once again, I got so many interesting ideas, so much good information—well, I’m still...
IMHO: Design Lines
It’s now been nearly three weeks since our Plan Designs conference in Chicago and, once again, I got so many interesting ideas, so much good information—well, I’m still...
Villegas to Help Payden Market Solutions to Advisers, TPAs
Payden&Rygel has hired John Villegas for the firm’s Retirement Services Group.
PenChecks Offers Solution for Abandoned Plans
In response to the potential for an increase in the number of abandoned or orphaned plans resulting from the down economy, PenChecks has developed the PenChecks Automated Solution...
Common Law Spouse Wins Right to Plan Distributions
Once two 401(k) plan administrators learned a dead participant’s common-law spouse was legally validating her marital status, the plans should have postponed distribution of the participant’s balance until...
Judge Says Motorola Didn’t Breach Fiduciary Duties
The U.S. District Court for the Northern District of Illinois ruled that Motorola Inc. and fiduciaries of its 401(k) plan did not breach their fiduciary duties under the...
IRS Adds Tools To Help Prepare for Plan Audits
The Internal Revenue Service (IRS) has recently added updated tools to its Employee Plan Team Audit (EPTA) Web site.
Target-Dates Useful but Flawed, Witnesses Tell SEC and DoL
In a joint hearing on target-date funds before the Department of Labor (DoL) and the Securities and Exchange Commission (SEC), witnesses were in favor of the use of...
McGraw-Hill Investigated for Company Stock-Related Fiduciary Breach
The McGraw-Hill Companies, Inc., could find itself facing a participant lawsuit.
Decline in 401(k) Accounts Lead to Delayed Retirements
A Watson Wyatt survey found that a third (34%) of workers have increased their planned retirement age in the last 12 months.
Hart to Develop ExpertPlan TPA Client Base
ExpertPlan, provider of defined contribution plan recordkeeping solutions, announced it has hired Steven Hart as vice president, Sales and Business Development.
Erben Associates Joins M Financial Network
M Financial Group, a financial services design and distribution company, announced that Erben Associates, LLC, has become a provisional member firm.
Stock, Bond Subclasses Key to Target-Date Performance
Target-date funds’ allocations among stock and bond subclasses were among the primary determinants of the funds’ performance, new Vanguard Group research found.