SAN JOSE, Calif. — A former employee who has cashed out of his 401(k) plan can still sue the plan’s administrator for mismanaging the plan’s assets, a federal appellate court has ruled in a decision that observers said significantly increases the number of participants who can file suit against their plan sponsors.
IRVINE, Calif. — State regulators are seeking reinforcements. In a speech this month at the annual meeting of the National Conference of State Legislatures, Joseph Borg, president of the North American Securities Administrators Association Inc., called for the NCSL to develop a more detailed policy statement opposing federal pre-emption of state securities laws.
NEW YORK — A group of seven investment banks may get stuck with the tab for this year’s biggest leveraged buyout.
NEW YORK — In the midst of stock market volatility, affluent investors are feeling nervous and are pressuring advisers to sell their stocks.
Washington tax talk these days seems focused on hedge funds, their investors and their managers.
WASHINGTON — More financial advisers will specialize in becoming fiduciary advisers who work with 401(k) plans in coming years, according to a retirement executive who worked on a white paper on the issue.
Sen. Schumer wanted to increase the carried interest tax for a variety of partnerships that use a “two-and-20” structure.
Michael S. Flanagan has been named managing director within the Aon Technology Group, which is part of Aon Risk Services.
Country songs aren’t just about losing your dog, your truck and your wife—they’re also about losing your hedge fund.
Goldman Sachs has slashed fees for its Global Equity Opportunities hedge fund.
