Kimberly-Clark Faces ERISA Lawsuit over 401(k) Plan
Lawsuit alleges fiduciary failure cost participants nearly $6.3 million in retirement plan services fees.
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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.
As VC Soars, Main Sequence Attracts Temasek, Hostplus for Second Fund
The oversubscribed fund, which has raised $250 million AUD, is emblematic of the new popularity of venture capital.
Bill Seeks to Allow 403(b) Plans to Use Collective Investment Trusts
Supporters say CITs are a less expensive alternative to mutual funds.
Russell Investments Commits to Carbon-Neutral Portfolios by 2050
Outsourced CIO provider with $326.9 billion in AUM joins Net Zero Asset Managers Initiative.
Stone Point, GIC to Acquire Recordkeeper Ascensus
Investors are betting on ‘further growth’ in the financial technology firm that should benefit from aging societies.
Multiple Employer Pension Plans May Need to Brace Themselves for Lawsuits
Consulting firm October Three says lawyers will likely set their sights on MEPs.
Norway’s Sovereign Wealth Fund Beats Benchmark with 4% Return in Q1
The $1.34 trillion pension giant reported a quarterly investment gain of $44.6 billion.
Don’t Worry: Higher Cap Gains Tax Won’t Zap the Market, UBS Says
And it probably won’t be as high as Biden wants, Goldman adds.
Credit Investments to Watch: Private Credit, Securitized Credit, and Alpha-Oriented Mandates
Asset owners should dig their heels into renewables financing, bank capital relief trades, and other less ‘vanilla’ strategies, says Willis Towers Watson.
NY State Pension Commits to $400 Million in Sustainable Investments
The majority of commitments were for the world’s largest dedicated greenfield renewable energy fund.
Sterling Bancorp to Pay $12.5 Million to Settle Securities Lawsuit
An Oklahoma pension fund alleged the bank violated federal laws related to residential lending practices.
SWIB Names Edwin Denson as CIO, Replacing the Late David Villa
The economist has been overseeing risk management and investing strategies at the Wisconsin organization.