Court Dismisses ERISA Lawsuit Against Edison International ESOP
Appellate court rules the plaintiff failed to meet the standard set in a 2014 Fifth Third lawsuit.
News
Denmark’s ATP Loses $200 Million from Bond Exposure
The pension giant’s misstep came from increased sensitivity to interest rates.
Op-Ed: Where Buffett and Dalio Are Wrong on Bonds
Mark Holman, CEO and portfolio manager of TwentyFour Asset Management, argues that the two famed investors are ignoring compelling opportunities in the fixed income markets.
Surging Stocks Improve Pension Funding Levels, But De-Risking Isn’t at Risk
A hot equities market, plus some accounting help from interest rates, aided the plans.
SECURE Act Could Help Provide Retirement Income in 401(k) Plans
Report says retirement income will become the standard in defined contribution plans.
Union Demands CPPIB Ditch Brazil Water Privatization Involvement
The acquisition and privatization of a Brazil public water firm are socially harmful and economically risky moves, says CUPE.
Mubadala and Others Pledge Big Money for UK-Based AI Drug Discovery Firm
Exscientia has just closed a $225 million Series D funding round, enlisting giant institutional investors.
How the Soros Connection Has Small Bard College Aiming for the $1 Billion Endowment Club
The famed financier has a special Holocaust-related bond with the school’s president. Result: Now there’s a shift from the old method that barely kept the junk-rated institution afloat.
Biden’s First 100 Days Are the Third Best … in the Stock Market
With the Dow ahead by 9.9% over the period, he is bested only by FDR and Taft.
Why the Time May Be Ripe for a Return to Active Management
Investors will need help hitting even reduced target returns in the coming years, says Goldman Sachs report.
Here’s Why Inflation Isn’t a Threat: Money Velocity
Yes, the dollar supply has swollen, but folks just aren’t spending that much, Natixis says.
Kimberly-Clark Faces ERISA Lawsuit over 401(k) Plan
Lawsuit alleges fiduciary failure cost participants nearly $6.3 million in retirement plan services fees.
SEC Charges Hedge Fund Manager with $38 Million Fraud
Andrew Franzone allegedly used misappropriated funds to buy an airplane hangar for his race car collection.
Fintech CEO Pleads Guilty to COVID Loan Fraud
Sheng-Wen Cheng claimed celebrities, athletes, and even a deceased Penn State football coach were on his payroll.
What’s the Big Stock Play for the Rest of 2021? Try Transports
The tech trend is feeling its age, but freight-moving companies are primed for an expanding economy, says Fundstrat’s Lee.