Double-digit annual returns for most U.S. public pension systems over the past two years have done little to shrink the yawning deficits.» Read More
Is Social Security a pension plan? No, but it was sold to the public in the 1930s as if it were one, and that matters. The New York Times explains.
Wilshire Associates estimates that as of June 2009, state pension plans were just 65 percent funded, while local government plan funding stood at 74 percent. The FT reports.
There’s no stopping Chinese IPOs. Twenty-four of them this year—double last year, according to Renaissance Capital. And investors love them: Bidding them up on average by 13 percent on the first day of trading. Why care?
Big US cities could be squeezed by unfunded public pensions as they and counties face a $574 billion funding gap, a study to be released on Tuesday shows. The Financial Times reports.
For decades, public pension funds have bankrolled the private equity industry. Now, frustrated by what it sees as expensive fees and lack of transparency at private equity firms, one state has decided on a do-it-yourself approach. The NYT reports.
As its investment portfolio was losing nearly a quarter of its value, the country's largest public pension fund doled out six-figure bonuses and substantial raises to its top employees, an analysis by The Associated Press has found.
Nasdaq OMX CEO Bob Greifeld says he thinks the steps the SEC has taken since the so-called Flash Crash will prevent another market meltdown from happening.
A new study by Boston College's Center for Retirement Research says Americans are $6.6 trillion short of what they need to retire.
More than half of all stock trades are the result high-frequency trading. Does that put the system at risk?
There are nearly 50 trading venues. Customers can interact in all of them--making today's trading so complicated.
Worries about the role ETFs play in changing the nature of how people invest and the market’s high correlation to itself.
The Securities and Exchange Commission said the action was its first ever against a state, and only its second against any government over the handling of a public pension fund.
Lawmakers in Maine have found an unusual tool for tackling their state’s pension woes: Social Security. The NYT reports.
Diageo, the maker of Johnnie Walker whiskey, found an innovative way to plug a gaping deficit in its pension plan: put aside 2 million barrels of maturing whiskey from its distilleries in Scotland. The NYT reports.
The managing partner of Skybridge Capital wants to 'mutualize' the hedge fund industry because of the lukewarm performance of in the industry.
The potential impact of financial reform on banks is obvious but many small businesses are worried about how it will affect them and their ability to extend credit to customers—or hedge against potential losses.
Public pension costs are ballooning everywhere, throwing budgets out of whack and raising the question of whether venerable state pension systems are viable. The New York Times reports.
A large investor in Goldman Sachs is not ready to abandon the beleagured financial services giant just yet.
United Airlines has an obscure liability to the pension benefit guaranty corporation that could get triggered if the company merges with Continental.
The chief investment officer of California's giant pension fund said Monday he is disturbed by the allegations of wrongdoing against investment firm Goldman Sachs.