Frontlines
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Yale professor: Regulation to blame for loss of integrity on Wall StreetJonathan R. Macey, a Yale University academic, in a provocative, well-written and compact new book wonders what happened to reputational capital, which once played a vital role in “fostering the high-trust environment critical to the successful operation of capital markets and corporate financing
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5 managers get a thumbs-up for social media useVanguard Group Inc., BlackRock Inc.'s iShares ETF business, Putnam Investments, Franklin Templeton Investments and Sun Life Financial ranked highest in using social media for interacting with their institutional and retail clients, according to a kasina LLC report.
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New group looks to educate DC execs about real estate
A new organization created by real estate asset managers is seeking to educate defined contribution plan executives about the role of real estate investments in DC plan menus.
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EBSA wants you ... to comment on rules
The EBSA is seeking input for possible regulations on lifetime-income statements for defined contribution plan participants.
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NOW: Pensions helps British field hockeyNOW: Pensions is planning to take the British men's field hockey squad all the way to Rio.
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Bank of America reaches deal on Countrywide lawsuitsBank of America has agreed to settle nationwide lawsuits including a class action led by the $24.9 billion Iowa Public Employees' Retirement System, Des Moines, for $500 million, one of the largest mortgage-backed securities settlement ever under federal law.
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Index groups form new associationSeveral major index groups have joined forces to create the Index Industry Association and hired former CME Group executive Rick Redding as its executive director.
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Here's another way to build equity indexesU.S. equity indexes constructed randomly by monkeys — or more precisely 10 million virtual monkeys — would have outperformed the equivalent cap-weighted index, according to a joint study by City University London's Cass Business School and Aon Hewitt.
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Aberdeen program looks to help expectant mothers
Aberdeen Asset Management PLC has launched a program to take mums-to-be in the workforce by the hand.
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Say-on-pay votes expected to hold steady — studyShareholders have voted on average 90% to ratify executive compensation in advisory say-on-pay voting so far this proxy season, up from the 89% in all of 2012, according to a Towers Watson study released April 1. The study looked at 151 companies in the Russell 3000 from Jan. 1 through March 22.
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IW Financial will scrutinize portfolios for gun makersInstitutional investors might think they know their portfolios, but IW Financial says their portfolios could contain investments they don't know they have, particularly in firearms makers.
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PBGC reverses course on 'reportable events' disclosure ruleThe Pension Benefit Guaranty Corp. reversed course and proposed a new rule that will exempt as many as 90% of companies from having to disclose “reportable events” such as bankruptcies and mergers.
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New Jersey taps into Wall Street know-howThe New Jersey State Investment Council's meetings are becoming a guest-speaker forum of big names in big finance.
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TIAA-CREF teams up for farmland researchTIAA-CREF is hoping to boost investment in farmland through better data. To that end, the New York-based investment money management firm is launching the TIAA-CREF Center for Farmland Research at the University of Illinois, Champaign.
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Wilshire 5000 drops for 3 straight days, ending win streak
The Wilshire 5000 Total Market index on March 19 fell 44.70 points to 16,365.70, ending its longest streak of trading days before hitting three consecutive negative trading days to open a calendar year, according to spokeswoman Kim Shepherd.
