To reduce costs and complexity in its portfolio, CalPERS says it will no longer invest in hedge funds. Alexandra Stevenson of The New York Times, and Tim Spangler, Sidley Austin, discuss their strategy and if others will follow.» Read More
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.
New York Attorney General Andrew Cuomo confirmed his office is investigating former Obama administration auto industry advisor Steven Rattner, in a growing probe into illegal kickbacks involving the state pension fund.
How much do you know about one of the biggest business scandals of all time? Take our Enron quiz and find out.
States and other bodies of government are seeking higher returns for their pension funds, to make up for ground lost in the last couple of years and to pay all the benefits promised to present and future retirees. Higher returns come with more risk.
The people born between 1946 and 1964 have been lumped together as the Baby Boom generation their entire lives, but their values and outlooks differ greatly along that 18-year spectrum. Researchers have divided them into four categories, according to their financial status and retirement plans.
It is tempting and oversimplifying to categorize all Baby Boomers as facing similar challenges. Given that Boomers were born across three decades spanning 18 years, each group faces unique financial challenges that must be addressed in different ways.
2010 should be the year to reform retirement in Washington, said Robert Reynolds, CEO and president of Putnam Investments. He shared his insights with investors.