News

SEC Adopts Say-on-Pay for Shareholders

The Securities and Exchange Commission has adopted rules concerning shareholder approval of executive compensation and "golden parachute" arrangements.

CalPERS, CalSTRS Post Double-Digit Investment Returns

Both the $226.6 billion California Public Employees' Retirement System (CalPERS) and the $146.4 billion California State Teachers' Retirement System (CalSTRS) have achieved returns of more than 12% in 2010.

Survey Shows Securities Lending Revenue Likely to Decline

A survey of public and private pension plans with $2.23 trillion in combined assets shows that a majority of pension executives are doubtful about the growth of securities lending revenue, as plan sponsors increasingly view securities lending as an investment product.