Watch breaking news videos and read news updates about Fidelity Investments on pionline.com
Appeal notice filed in Fidelity float income case
trueAttorneys for participants in several defined contribution plans filed a notice of appeal with the 1st U.S. Circuit Court of Appeals, Boston, to overturn a federal district court's dismissal of their suit against Fidelity Investments.
Morningstar: Target-date expenses continue falling
trueTarget-date fund expense ratios continued their steady decline, falling to 78 basis points in 2014 on an asset-weighted basis vs. 84 basis points in 2013, said the latest annual survey of target-date funds published Tuesday by Morningstar.
Fidelity float-income lawsuit dismissed
trueA U.S. District Court judge in Massachusetts has dismissed claims by participants of several defined contribution plans that Fidelity Investments, Boston, breached its fiduciary duties through its management of float income as the DC plans' record keeper.
O'Hanley chosen as CEO successor at SSgA
trueRonald O'Hanley was named president and CEO of State Street Global Advisors, effective in April, said a news release from the money manager.
Fidelity triples its China QFII quota, becoming first money manager to top $1 billion
trueFidelity Investments Management (Hong Kong) got an additional $800 million in quotas for investment in China's capital markets Thursday, lifting its total quota under that country's qualified foreign institutional investor program to $1.2 billion.
Marvin Windows and Doors retools DC plan lineup
trueMarvin Windows and Doors Inc. is adding eight investment options to its profit sharing and 401(k) plan.
Luminex offers a wake-up call for dark-pool operators
trueTo U.S. dark-pool operators, the development of an exclusive managers-only trading venue, Luminex Trading & Analytics LLC, is a splash of cold water on the face of an industry that some managers believe has taken institutional investors for granted.
Florida SBA takes 2 Pyramis strategies off watch
trueFlorida State Board of Administration, Tallahassee, removed from watch two Pyramis Global Advisors portfolios, totaling $1.5 billion, said Dennis D. MacKee, FSBA director of communications.
Fermi Research Alliance picks Fidelity as sole record keeper in DC revamp
trueFermi Research Alliance, hired Fidelity Investments as sole record keeper and is overhauling the investment lineup of its defined contribution plans, effective Feb. 2.
Uebelein has big shoes to fill at AIMCo
trueKevin Uebelein, who on Nov. 19 was named the new CEO of the C$76 billion (US$70 billion) Alberta Investment Management Corp., has some big shoes to fill. But AIMCo's chairman said he's a perfect fit to make the money manager more “client-centric.”
American Airlines picks Fidelity as sole provider for 401(k) plans
trueAmerican Airlines Fidelity Investments as sole provider for its 401(k) plans, starting in mid-2015.
CEO shift raises Pyramis question
trueAbigail P. Johnson's promotion to CEO of Fidelity Investments - a foregone conclusion to many industry professionals - is prompting questions about what the change will mean for the company and its institutional subsidiary, Pyramis Global Advisors.
Kansas City Police puts $45 million in Fidelity real-return fund
trueKansas City (Mo.) Police Employees’ Retirement System invested $45 million in Fidelity Investments’ Strategic Real Return mutual fund.
Pyramis names new president
trueJeffrey Lagarce was named president of Pyramis Global Advisors, said company spokesman Jeff Cathie.
Abigail Johnson succeeds father as CEO of Fidelity Investments
trueAbigail P. Johnson has been named CEO of Fidelity Investments, effective immediately.