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Federated Investors taps TIAA-CREF to manage $750 million in stable value
trueFederated Investors hired TIAA-CREF to manage and insure $750 million in stable value assets.
N.Y. State DC plan on prowl for stable value fund managers
trueNew York State Deferred Compensation Plan, Albany, issued an RFP for at least one manager or insurance firm to run from $400 million to $1 billion in fixed income for the plan's Stable Income Fund investment option.
Maryland Teachers & State Employees Supplemental hires Galliard for stable value
trueMaryland Teachers & State Employees Supplemental Retirement Plans hired Galliard Capital Management as its stable value manager.
Ameren Corp. goes with Galliard for stable value
trueAmeren Corp. added the Galliard Stable Value Fund as an investment option in its $1.9 billion 401(k) plan.
Indiana Public Retirement System looking for stable value manager
trueIndiana Public Retirement System, Indianapolis, is conducting a shortlist search for a stable value manager for its $5.6 billion annuity savings account, said Jeff Hutson, spokesman for the $28.6 billion pension fund.
Northern Trust drops $900 million stable value fund
trueNorthern Trust will liquidate its Northern Trust Collective Stable Asset Fund effective June 30.
Maryland DC plans searching for new stable value manager
trueMaryland Teachers & State Employees Supplemental Retirement Plans, Baltimore, is searching for a stable value manager.
Goldman sees stable value as a doorway to DC business
trueExecutives at Goldman Sachs Asset Management, New York, want their firm be one of the largest players in defined contribution, and see stable value as the way to enter the industry in a big way.
Phoenix Employees plans to search for record keeper, stable value
truePhoenix Employees' Deferred Compensation Board will conduct separate searches for a record keeper and a stable value fund manager before the end of the year,.
San Francisco staff backs Prudential, Galliard for 457 plan posts
trueSan Francisco City & County Employees' Retirement System staff has recommended the system hire Prudential Financial as third-party administrator and Galliard Capital Management as stable value manager for its $2.4 billion 457 plan.
Plan execs, managers stick with stable value
trueDefined contribution plan executives — and their managers — are holding firm on stable value investment options, despite the concern of higher interest rates based on recently rising Treasury yields.
Settlement reached in Cigna 401(k) suit
trueParticipants in a Cigna Corp. 401(k) plan have reached a preliminary agreement with the company and several other defendants to settle a class-action suit in which the participants had alleged a breach of fiduciary duties in the management of the plan.
Natixis Capital Markets exiting stable value wrap business
trueNatixis Capital Markets is exiting the stable value wrap business, according to sources in the stable value industry.
Invesco stable value fund to reopen to new investors
trueInvesco will reopen its $6.3 billion Invesco Stable Value Trust Fund to new defined contribution plan investors on May 1, more than two years after closing it to new investors.
Alabama Deferred Comp searching for a record keeper, stable value manager
trueAlabama Deferred Compensation Plan is searching for a record keeper and stable value manager.