Number of cases and size of firms involved continues to fall but that doesn't necessarily mean there is less fraud
ICI chief Stevens says assumption that 401(k) plans aren't working is wrong.
U.S. socially conscious investing assets grew to $3.07 trillion as of year-end 2009, up 13.3% from $2.71 trillion in 2006, according to the Social Investment Forum Foundation's latest report on such investing trends
A weak economy, a poor equities market and low interest rates have been a boon to high-yield junk bonds.
A weak economy, dropping stock market and low interest rates are bringing a strong boom to the weakest-rated fixed-income sector — high yield — giving investors top relative returns.
Jacques Perold was named head of Fidelity Investments' $1.4 billion asset management group, which includes Pyramis Global Advisors, said Vincent Loporchio, spokesman.
Total assets in target date funds will grow to $2.6 trillion by 2018, attracting 80% of new and reallocated flows into defined-contribution plans for the next decade, according to a projection in a recent Casey Quirk & Associates LLC report.
State Street Corp. will pay $89.75 million to settle a class-action lawsuit with a group of employee benefit plans invested in certain active fixed-income strategies managed by its SSgA unit, confirmed Arlene Roberts, State Street spokeswoman.
Incentive pay for traditional money management, hedge funds and private equity will fall on average 15% to 25% below 2008 levels, even with the market rebound and a stabilizing investment industry, according to a new study by compensation consultant Johnson Associates Inc.
Non-binding say-on-pay shareholder votes would be required of all public companies under legislation proposed by the Obama administration today.
