PBGC to Provide Nearly $700 Million to 3 Insolvent Multiemployer Plans
Plans covering over 5,550 participants have been approved to receive bailout funds under the American Rescue Plan.
Newsmakers
Questions on Fed Balance Sheet Reduction Trouble the Market
Just how will the central bank shed the bonds it holds, in a bid to boost rates?
SEC Plan to Bolster Money Market Funds Stirs Ire
Critics warn that the proposed new rules would drive out investors and plan sponsors.
401(k) Trading High in the First Quarter
The first quarter was busy for investors despite March’s market rally.
Why Exactly Is Musk Taking a Stake in Twitter?
Beyond his ‘free speech’ gripes, the billionaire Tesla head has aired no ideas on improving the platform. Is this retail therapy?
CPPIB to Collaborate with Inpher to Develop Unique Dataset for Investment Forecasting
The pension fund is hoping Inpher’s technology will give them new information to beat the market.
Biden’s Tapping the U.S. Oil Reserve Meets with Wall Street Shrug
S&P 500 slips amid news of a major release from the federal petroleum cache.
Japan’s GPIF Seeks Data on Effect of Securities-Lending Suspension
The $1.73 trillion pension giant has issued a request for information regarding its 2019 decision to stop lending securities to short sellers.
House Passes Securing a Strong Retirement Act
Bill would require 401(k) and 403(b) plans to automatically enroll eligible participants.
Providence Pension Mulls Issuing $515 Million in Bonds, Following POB Trend
But bonds don’t always outperform stocks over the long run, according to one expert.
Brother, Sister Charged in Alleged $124 Million Crypto Fraud Scam
John and Tina Barksdale allegedly defrauded thousands of investors through offerings of a digital token called Ormeus Coin.
Stanford Launches Research Initiative on Long-Term Investing
Ashby Monk gives CIO an inside look into the new initiative.
Norway’s Sovereign Wealth Fund to Exclude Chinese Firm Over Human Rights Abuses
Norges Bank says the risk is too high that sportswear and equipment maker Li Ning may be using forced labor.
Bill Proposes Ban on Institutional Investments in Russia
The IMPAIR Russia Act would prohibit institutional investors from investing in Russian entities.
Three Australian Funds Merge to Create the Country’s Second-Largest Retirement Fund
Officials hope that the mergers will reduce management fees and increase retiree benefits.