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Willamette University adds 2 investment options to 403(b) plan
Willamette University, Salem, Ore., added money market and stable value investment options to its 403(b) plan.
Firms go extra mile to help marathon bombing victims
Money managers in Boston stepped up to the plate to contribute to One Fund Boston, created by the city of Boston and the state of Massachusetts to assist families of the three people killed in the April 15 Boston Marathon bombings and the scores who were severely injured.
Hedge funds zoom in on mutual funds
Hedge fund managers are looking to the mutual fund industry for their next source of growth.
Some Boston money managers have employees working remotely because of lockdown
Several money managers in Boston are having staff members work from remote locations Friday as police have locked down the metropolitan area while the search continues for a suspect in the Boston Marathon bombings.
Firms boosting employee stock purchase plans as economy improves, survey finds
Improving economic conditions and a stronger job market are leading U.S. companies to make moves to enhance their employee stock purchase plans, according to a Fidelity survey.
Fidelity Investments turns to BlackRock's iShares lineup for push into ETFs
Fidelity Investments is increasing its reliance on BlackRock's iShares to compete in the ETF business.
Fidelity Investments faces fresh lawsuit over float income
Participants from three more 401(k) plans have sued Fidelity Investments, alleging the company violated ERISA through its use of float income.
Cogent: Bridgewater, Vanguard, PIMCO get highest rating from institutional investors
Bridgewater Associates, Vanguard Group and Pacific Investment Management Co. received the highest overall satisfaction rating among their institutional clients in 2012, according to the results of an annual survey by Cogent Research.
4 big managers get low scores on AFL-CIO labor proxy-voting issues
Vanguard Group, Northern Trust Investments, BlackRock and Fidelity Investments scored the lowest among 121 institutional money managers in supporting labor proxy-voting issues in 2012, according to a survey by the AFL-CIO.
DC record keepers may face more float income lawsuits
A lawsuit filed against Fidelity Investments by participants in several 401(k) plans might lead to other lawsuits over record keepers' use of float income.
Fidelity 401(k) client account average balances end 2012 at record high
The average account balances for participants in 401(k) plans for which Fidelity Investments is record keeper reached a record high of $77,300 for the quarter ended Dec. 31.
Participants sue Fidelity for 'fiduciary self-dealing'
Participants in three 401(k) plans have sued Fidelity Investments, alleging the record keeper engaged in “fiduciary self-dealing,” thus violating the Employee Retirement Income Securities Act, according to the lawsuit filed in U.S. District Court in Boston.
Fidelity target-date funds draw fire from consulting firm
The Center for Due Diligence posted Monday an analysis of the mutual fund giant's target-date funds vs. similar offerings from the company's competitors, including The Vanguard Group Inc. and T. Rowe Price Group Inc.
Dell taps Fidelity Investments as record keeper
Dell Inc., Round Rock, Texas, hired Fidelity Investments as the record keeper for its $3.4 billion 401(k) plan.
McKinsey: Active ETFs on the way to $500 billion
Actively managed exchange-traded funds maybe in their infancy, but over the next several years McKinsey & Co. expects them to grow faster than passive ETFs.