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Nomura Asset Management will buy ING's Taiwan money management business
trueNomura Asset Management Co. is partnering with a group of investors to buy ING Group's Taiwanese money manager business, ING Securities Investment and Trust Co. Ltd., Taiwan, according to a Nomura news release.
Michigan rehires administrator of 401(k), 457 plans
trueMichigan Office of Retirement Services, Lansing, rehired incumbent ING U.S. Retirement Solutions as the third-party bundled administrator for the state's public employee $4.3 billion 401(k) plan and $1.8 billion 457 plan.
Kohler sinks 401(k) assets into 2 new options
trueKohler Co., Kohler, Wis., is adding the Fidelity Small Cap Discovery Fund and the Oakmark International Collective Fund as investment options in its 401(k) plan.
Louisiana Teachers gives gold stars to ING, LSV
trueLouisiana Teachers' Retirement System hired ING U.S. Investment Management to run $175 million in active domestic midcap growth equities and rehired LSV Asset Management to run about $850 million in active domestic large-cap value equities.
Lawsuit accusing ING unit of pay-to-play scheme gets green light
trueA federal judge in Connecticut has denied ING U.S.' request for summary judgment, thus enabling a case to go to trial that claims a unit of the company breached its fiduciary duty as a service provider.
ING U.S. Investment Management names institutional distribution leader
trueBas NieuweWeme was named managing director and head of institutional distribution at ING U.S. Investment Management.
Learning lessons from her family
trueMaliz Beams got an early education on the importance of saving and she is applying that experience in her role as CEO of ING U.S. Retirement Solutions
ADP subsidiary picks ING as record keeper
trueADP TotalSource Group Inc., Roseland, N.J., hired ING U.S. Retirement Services as record keeper for the ADP TotalSource Retirement Savings Plan, confirmed Jim Duffy, senior director, corporate communications.
Macquarie to acquire ING Investment Management Korea
trueMacquarie Group will acquire ING Investment Management Korea, ING's South Korean money management business, according to news releases on Macquarie's and ING's websites.
Hawaii Deferred Comp taps Prudential for administration
trueHawaii Deferred Compensation Fund, Honolulu, hired Prudential Financial as third-party administrator for its $1.5 billion 457 plan.
New risk management tools for a post-financial crisis era
trueInstitutional investors are reaching out for new risk management tools to address shortcomings in estimating risks that left them more exposed to losses in the financial market crisis than they expected.
Will giant TXU LBO become a distressed debt deal?
trueEnergy Future Holdings Corp., the company formerly known as TXU Corp., is morphing from the largest LBO ever to what could be an enormous distressed debt buying opportunity.
Stars are aligning for resurgence of buyout boom
trueCheap debt and easy loan terms like those available now typically set the stage for the return of the megaleveraged buyouts, but market participants are divided over what kinds of opportunities are likely to arise.
Retirement calculators evolve into sophisticated tools
trueInteractive financial calculators, long a staple of defined contribution plans, have evolved from a collection of numbers that yield a lump-sum accumulation to a detailed analysis of retirement spending that counts more than a participant's DC plan balance.
Accounting changes are pushing Japanese companies to DC plans
trueNew accounting rules effective this year are prompting a growing number of companies in Japan to add defined contribution plans to their retirement programs or to expand existing ones.