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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.
AutoNation adds 3 investment options, target-date funds
trueAutoNation Inc., Fort Lauderdale, Fla., is adding three investment options and a new target-date fund lineup, and removing four investment options and its company stock fund in its 401(k) plan following a review by the company’s benefits committee.
BlackRock, TCW, others gaining from PIMCO turmoil
trueBlackRock, TCW, Vanguard, Baird Advisors and DoubleLine saw the largest inflows to their bond mutual funds in October, following William H. Gross' departure from PIMCO on Sept. 26, Morningstar Inc. reported.
Wyoming Retirement Systems swaps midcap funds in 457 plan
trueWyoming Retirement System is adding Vanguard Group's S&P 400 Mid Cap Value Fund to the investment lineup of its $530 million 457 plan.
$45.4 billion in retirement assets affected by HP split announcement
trueHewlett-Packard Inc.'s plan to split into two companies will affect its $45.4 billion in combined worldwide defined benefit and defined contribution assets.
Vanguard tops in DC target-date assets
trueFidelity still ranked No. 1 among managers of defined contribution assets in mutual funds, with $547.5 billion, up 13% from the previous survey.
Vanguard's head of European institutional business dies at 53
trueSimon Vanstone, head of European institutional business at Vanguard Group, died on Wednesday.
Vanguard assets hit $2.93 trillion at midyear
trueVanguard Group reported $2.93 trillion in assets under management as of June 30, up from $2.5 trillion a year earlier, maintaining its position as the world's second-largest manager and increasing its lead over Allianz Global Investors.
Bogle: Mandates not needed; compensation 'out of control'
trueJohn C. “Jack” Bogle is firmly against mandates when it comes to everything, from setting a single retirement age to requiring that employers set up retirement savings plans to creating a retirement income adequacy target.
Vanguard vaults past Fidelity in total DC assets
trueVanguard jumped past Fidelity to become the largest manager of U.S. defined contribution assets, a post Fidelity had held since 1998, Pensions & Investments' annual survey of money managers shows.
Yale endowment adds $100 million to emerging markets ETF
trueYale University, New Haven, Conn., more than quadrupled its shares in a Vanguard Group emerging markets exchange-traded fund in the first quarter.
SIFMA study responds to stability oversight council
trueAs the U.S. Financial Stability Oversight Council and the Financial Stability Board in Basel consider ways to monitor risk among large money managers, the industry is trying to fill in some of the information gaps.
Vanguard discontinues defined benefit administration services
trueVanguard Group announced on Tuesday it will no longer offer administration services for defined benefit plans in order to expand services to defined contribution plan clients.
Vanguard beats BlackRock, taking in most money in Q1
trueThe Vanguard Group Inc., the third-biggest provider of exchange-traded funds, has gained ground on larger competitors so far this year after gathering more than seven times as much money into its ETFs than the rest of the U.S. industry combined.
Hotckhis & Wiley to manage larger asset pool in Vanguard fund
trueHotchkis & Wiley Capital Management will manage a larger percentage of the $45.7 billion Vanguard Windsor II Fund.