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Corporate pension funding ratios fall in 1st quarter, reports say
trueFunding ratios of U.S. corporate defined benefit plans fell further in the first quarter of 2015, three new reports state, as liabilities rose faster than assets.
BATS Global names global head of exchange-traded products
trueLaura Morrison was named senior vice president, global head of exchange-traded products, at BATS Global Markets.
Baton Rouge pension fund signs AJO for emerging markets equities
trueBaton Rouge (La.) & Parish of East Baton Rouge Employees’ Retirement System plans to hire AJO to run active emerging markets equities.
BATS to launch second options exchange
trueBATS Global Markets plans to launch EDGX Options, its second options exchange, said a filing Thursday with the Securities and Exchange Commission.
Bernanke appointed adviser at Citadel
trueBen S. Bernanke, former chairman of the Federal Reserve System and the Federal Open Market Committee, was appointed senior adviser by hedge fund manager Citadel.
Monetary policy: It's all relative
trueWe have each separately made the case that asset pricing theory and investment practice for funding retirement should focus on how much income the member has in retirement instead of the amount of wealth at retirement. This applies whether the pension benefit is generated by a defined benefit plan ...
BofA survey: Health-care costs hindering retirement plan and other benefits
trueRising health-care costs are putting pressure on some 401(k) plan executives to reduce certain other benefits, including those related to retirement accounts and employee education, a survey by Bank of America Merrill Lynch said Thursday.
IACPM: Credit default concerns increase in North America, improve in Europe
trueCredit portfolio managers are growing more optimistic about the credit outlook in Europe, while growing more pessimistic about the outlook in North America
Chalkstream heads to Korea in search of alpha
trueChalkstream Capital Group LP is betting that South Korea will be its next best source of alpha.
BofA survey: Managers increasingly view equities, bonds as overvalued
trueA growing proportion of money managers believe equity and bond markets are overvalued, said Bank of America Merrill Lynch's monthly fund manager survey.
Big money sells in bond market as PIMCO cuts government holdings
truePIMCO is selling in the U.S. government debt market, while Morgan Stanley says yields will rise.
Corporate funding ratios dip in first quarter — 2 reports
trueThe aggregate funded status of S&P 500 companies with defined benefit plans fell 120 basis points to 82% in the first quarter as liability growth outpaced assets, Aon Hewitt said.
S&P eyes Chicago credit downgrade if no pension fix this year
trueChicago could lose its A+ credit rating if the city does not implement a plan to “substantially” fund its pension plans this year, Standard & Poor's Ratings Services said in a news release Thursday.
Nasdaq to calculate, market Keefe Bruyette & Woods indexes
trueKeefe Bruyette & Woods’ index family will be calculated and marketed by Nasdaq OMX Group through a partnership announced Wednesday.
'Somewhat' moderated growth led to FOMC decision, minutes show
trueThe Federal Open Market Committee’s decision to reaffirm the zero to 0.25% target range for the federal funds rate at its March meeting was based on “somewhat” moderated economic growth since January, according to meeting minutes released Wednesday.