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Byline: Margarida Correia Even in their generosity, employers can unwittingly be unfair. That's one of the biggest takeaways from a new Vanguard report that looks at the 401(k) matching contributions [...]

Byline: Kathie O'Donnell And Cheyenne Ligon In a long-anticipated move, the Securities and Exchange Commission approved applications for 11 spot bitcoin ETFs on Jan. 10, one day after it was [...]

Byline: Cheyenne Ligon, Palash Ghosh and Hazel bradford BlackRock voted against a record 91% of all shareholder proposals -- and against 93% of those focused on environmental and social issues [...]

Byline: Arleen Jacobius ESG is going mainstream, and alternative investment managers are having to get serious with their efforts to incorporate environmental, social and governance factors, or get left behind. [...]

Byline: Hazel Bradford More than half of climate-themed funds do not align with the goals of the Paris Agreement, according to an analysis released Aug. 27 by InfluenceMap, a global [...]

* AbbVie Inc., North Chicago, Ill., hired Empower Retirement as record keeper of its 401(k) plan. Empower replaced Alight Solutions as record keeper effective April 1, according to the company's [...]

Byline: Emile Hallez The average 401(k) balance fell by 19% during the first quarter, according to data released April 24 by Fidelity Investments. As of the end of March, 401(k) [...]

Byline: Emile Hallez Vanguard gobbled up even more of the target-date fund market last year, and is nearing $1 trillion managed in those products, according to a report from Sway [...]

Shareholders are less critical of FTSE 100 CEO pay u report The number of FTSE 100 companies in which shareholders disapprove of CEO pay fell in the last year by [...]

Byline: ROBERT STEYER Compared to equities, fixed income produced a good year for defined contribution asset managers in 2018, according to the Pensions & Investments annual survey of managers. Actively [...]

Byline: Greg Iacurci 401(k) plan design has by most accounts improved dramatically over the past decade. The number of retirement plans that automatically enroll employees has swelled more than 50%, [...]

Byline: GREG IACURCI THE DEPARTMENT of Labor's fiduciary rule led to 'tremendous' losses for brokerage and other investment firms, causing billions of dollars to be shed from their market valuations [...]

Target-date strategies are on a roll, and there's little reason to think that's going to reverse anytime soon. Data from Pensions & Investments' most recent DC money managers survey (P&I, [...]

* AES Corp., Arlington, Va., added three new investment options to its 401(k) plan, according to the company's recent 11-K filing. In the June 22 filing, the company said it [...]

Byline: ROBERT STEYER Employers are trying to help employees alleviate the burdens of outstanding student loans by offering to pay off some of the debt -- more than $1.4 trillion [...]

Vanguard climbs beyond $1 trillion mark in DC assets Vanguard Group's defined contribution assets under management have crossed the $1 trillion mark, according to preliminary data compiled by Pensions & [...]

Managers of bond mutual funds frequently report an 'Average Credit Quality' statistic in their marketing materials. This statistic is based on Standard & Poor's and Moody's assessment of the credit [...]

Purpose--The purpose of this paper is to examine the tournament hypothesis in the UK mutual fund market. Based on a previous US study, fund managers were expected to alter risk-taking behaviour in response to their performance relative to competing fund managers. Design/methodology/approach--Based on an earlier methodology, contingency tables were used to examine the risk-taking behaviour of fund managers after an interim performance period. The sample consists of 422 UK equity mutual funds with monthly data from 1989 to 2003. To avoid survivorship bias, funds that did not survive the entire sample period were also included. This leads to a total of 3,617 observations. Findings--The main conclusions are two-fold. First, using the entire 1989-2003 sample period no consistent evidence for tournament behaviour is found. This is robust to the effects of survivorship bias and window dressing. Second, splitting the sample period into two sub-periods reveals an interesting pattern. During the first part of the sample period, 1989-1996, significant evidence for tournament behaviour is found. During the second part of the sample period, 1997-2003, significant support for strategic behaviour, as described theoretically by Taylor has been documented. Research limitations/implications--The results suggest that after 1996, managers entered into a strategic game that takes the actions of competing managers into account instead of seeing them as exogenous benchmarks. Originality/value--By studying the UK fund market, the US results can be tested to see if they are sample specific or can be carried over to other countries as well. Furthermore, the sample period includes data after 1996, the year of the first publication on the tournament hypothesis. This enabled investigation in to whether managers adapted their strategies. Keywords Unit trusts, Management strategy, Game theory, United Kingdom Paper type Research paper

Byline: Arleen Jacobius Several institutional money management firms have earned a 100% rating on the 2018 Corporate Equality Index, the Human Rights Campaign Foundation's 16th report on corporate policies and [...]

Byline: Michael S. Fischer Fidelity Investments reported Thursday that a 65-year-old couple retiring this year can expect an estimated $275,000 in health care and medical expenses throughout retirement. Fidelity's annual [...]

Byline: Janet Levaux As Morgan Stanley and other firms move to push some providers like Vanguard off their product platforms ahead of the now-delayed Department of Labor fiduciary standard, it's [...]

The Investment Lawyer is pleased to reprint a Report prepared by the Mutual Fund Directors Forum setting forth best practices and practical guidance for directors under Rule 12b-1 of the [...]

Abstract Purpose--This paper aims to provide an analysis and report on the current regulatory environment for US hedge funds and explore the latest actions from governmental groups and the private [...]

Discover the Flexible Strength of Select Sector SPDRs. Select Sector SPDRs are unique ETFs that divide the S&P 500 into 9 Sector Index Funds. Each sector combines the diversity of [...]

Historically hedge funds attracted primarily high net worth individual investors. In the past several years, because of increasing market volatility, hedge funds have gained in popularity among institutional and individual [...]

Byline: Jeff Benjamin The ripple effects of the Department of Labor's fiduciary rule are expected to include new pressure on mutual fund fees, and could even lead to fewer fund [...]

Byline: Emily Zulz Fewer respondents are saving for retirement than in prior years, according to Franklin Templeton's 2016 Retirement Income Strategies and Expectations (RISE) survey. According to the survey of [...]

Byline: Emily Zulz The typical advisor receives between 11 and 25 marketing or sales contacts per day from product providers and distributors, like mutual fund companies, insurance providers and broker-dealers. [...]

Byline: Michael S. Fischer A report on developments in the mutual fund industry in 2015 from PwC finds that assets nearly doubled since the financial crisis, and strong demand is [...]