News
Court OKs Class Actions for ERISA Cases
A federal appellate court has ruled that it can be appropriate for a class of defined contribution plan participants to sue for relief under the Employee Retirement Income...
Causeway Launches Global Absolute Return Fund
Causeway Capital Management LLC launched Causeway Global Absolute Return Fund, which will have long and short exposures to common and preferred stocks primarily in developed markets worldwide.
SEC Report Leaves Unanswered Questions
The Securities and Exchange Commission’s (SEC) anticipated report, “Study on Investment Advisers and Broker-Dealers,” came out late Friday, and by Monday morning, predictions for the future of the industry...
Russell Adds Mega Cap Emerging Markets Indexes
Russell Investments has launched two new emerging markets indexes.
J.P. Morgan Starts New Real Estate Investment Division
J.P. Morgan Asset Management hired John Fraser as Managing Director and head of its new U.S. opportunistic real estate investment division.
U.S. ETF Assets had Record Year
Exchange-traded fund (ETF) assets reached a record $995 billion in the United States at the end of 2010, according to State Street Global Advisors.
The “Mass Affluent” Lack Confidence
The "mass affluent," Americans between ages 35-54 years old with $50,000-$250,000 of investable assets, show a noteworthy lack of confidence in financial well-being.
BofA Merrill Lynch Launches Merrill Edge
A new finanical management platform, Merrill Edge, combines the banking of Bank of America (BofA) with the investment strategies of Merrill Lynch.
PLANSPONSOR Unveils Plan Sponsor of the Year Finalists
Today PLANSPONSOR announced the 2011 finalists for its annual Plan Sponsor of the Year awards, across five distinct workplace segments.
IMHO: Warning “Labels”
Litigation—or more accurately, the fear of litigation—frequently serves to put us on notice.
Portfolio Evaluations Hires Retirement Industry Veteran
At the start of 2011, Joseph Mattei joined Portfolio Evaluations Inc. (PEI) as a Senior Consultant.
2010 Securities Suits Edge Out 2009 Record
The number of securities lawsuits filed in 2010 edged out the record set in 2009, according to the latest quarterly review of securities litigation by insurance researcher Advisen...
SPARK Proposes Update to Info-Sharing Best Practices
The SPARK Institute released a draft of updates it intends to make regarding information-sharing best practices for 403(b) plans and has asked for comments.
ETF Portfolios Available for 403(b) Plans
Efficient Market Advisors, an exchange-traded fund (ETF) separate account manager, is offering professionally managed portfolios οf ETFs to 403(b) plans.