Pension Fund

Source: news.yahoo.com --- 2 days ago
The state's Pension Fund lost just over 2 percent of its value in the fiscal year ending June 30, according to the state treasurer's office. But the result puts North Carolina well ahead of the national median. ...

Source: articles.moneycentral.msn.com --- 12 days ago
Before you reach for the rip cord and sell, consider this. ...

Source: news.bbc.co.uk --- 9 days ago
The UK's final salary Pension schemes have fallen back into the red again, according to the Pension Protection Fund (PPF). ...

Source: www.moreover.com --- 7 days ago
Atlanta's public school system has one of the most poorly funded retirement plans in the state and has racked up a half-billion dollars in liabilities. ...

Source: www.reuters.com --- 14 days ago
BOSTON (Reuters) - Massachusetts' $50.6 billion Pension Fund on Wednesday fired a Legg Mason Inc unit run by Fund manager Bill Miller and four other Fund firms from managing a $1.8 billion U.S. stocks portfolio due to poor performance. ...

Source: www.marketwatch.com --- 12 days ago
Struggling money manager Legg Mason Inc. is dealt another blow when it's fired by Massachusetts' $50.6 billion state Pension Fund. ...

Source: www.ft.com --- 9 days ago
TIAA-CREF, the world's largest retirement plan, is to open its first overseas office by setting up a base in London to step up investments in European properties, in a sign of foreign buyers' growing interest in the region's real estate market. ...

Source: www.ft.com --- 9 days ago
The UK's Pension Protection Fund faced a shortfall of £80.1bn ($153bn) at the end of July from Pension schemes in deficit, up from £63.1bn a month earlier and more than double the deficit in July 2007 ...

Source: www.bostonherald.com --- 15 days ago
BOSTON - The state's $50 billion employee Pension Fund recorded a 1.8 percent loss in the fiscal year that ended June 30, but still outperformed similar funds. State... ...

Source: www.bostonherald.com --- 15 days ago
BOSTON - The executive director of the state's Pension Fund is getting a $64,000 bonus even though the Fund lost more than $1 billion. Michael Travaglini, whose $322,000... ...

Source: www.baltimoresun.com --- 12 days ago
The Massachusetts state Pension Fund pulled $2 billion in assets from Baltimore-based Legg Mason Inc.'s Bill Miller and four other firms as part of a plan to shift all U.S. equity assets from active money managers. The board of the Pension Fund, which has $50.6 billion in assets, approved the switch at a meeting yesterday, citing "inconsistent performance," said Francy Ronayne, a spokeswoman for Massachusetts Treasurer Timothy Cahill in Boston. The money was reassigned to index funds run by State Street Corp. and three hedge funds. "We've determined that active managers add no value over long periods of time," said Michael Travaglini, director of the Massachusetts Pension Reserve. "The long-term objective is to eliminate all long-only active management in the domestic equity portfolio," according to the agenda of the meeting. Miller is chairman of Legg Mason Capital Management, which invests in companies considered cheap when measured by sales or profit. ...

Source: www.post-gazette.com --- 5 days ago
Like most retirement accounts, the one covering city of Pittsburgh employees and retirees has taken a hit from this year's financial market swoon. ... ...

Source: valleywag.com --- 13 days ago
Intel is one of several companies which have quietly converted their Pension plans into vehicles for financing wealthy execs' deferred compensation. The majority of the tax-advantaged assets in... [[ This is a content summary only. Visit my website for full links, other content, and more! ]] ...

Source: www.bostonherald.com --- 16 days ago
HARTFORD, Conn. - The U.S. Department of Labor has filed a lawsuit accusing trustees of a Pension plan in Hartford of misusing using nearly $1 million in assets for personal... ...

Source: www.sacbee.com --- 13 hours ago
Nevada's 140,000-member government Pension system lost money on its investments last fiscal year, but performed better than most public retirement systems, the system's investment counselor says. ...

Source: www.michigan.gov --- 12 days ago
In her weekly radio address, Governor Jennifer M. Granholm today said her plan to invest $300 million in Michigan-based companies will grow the state Pension Fund and create jobs. ...

Source: weblogs.baltimoresun.com --- 13 days ago
From Reuters: BOSTON (Reuters) - Massachusetts' $50.6 billion Pension Fund on Wednesday fired a Legg Mason Inc (NYSE:LM - News) unit run by Fund manager Bill Miller and four other Fund firms from managing a $1.8 billion U.S. stocks portfolio due to poor performance. The Pension Fund, at a board meeting, approved transferring about $1.4 billion of the $1.8 billion portfolio to asset manager State Street Global Advisors, a unit of State Street Corp (NYSE:STT - News). State Street will manage the assets as an index mandate linked to the Russell 3000 index portfolio, the Fund said. The remaining assets will be put into a new Fund-of-hedge-funds portfolio that will seek returns in excess of market returns, the Pension Fund's officials said. Stanley Mavromates, chief investment officer of the Pension Fund, told Reuters on the sidelines of the board meeting that of the $1.8 billion, Legg Mason had managed $637 million, Gardner Lewis and NWQ managed $347 million each, Ariel oversaw $246 million and Mazama managed $241 million. "All five of these managers exhibit inconsistent performance or a high level of tracking error," the Pension Fund's report said, adding that had caused the Fund's $15 billion U.S. stocks portfolio to lag its benchmark over one, three and five-year periods ended May 31. ...

Source: www.moreover.com --- 12 days ago
Royal Gazette Aug 9 2008 6:17AM GMT ...

Source: www.moreover.com --- 17 days ago
Dnevnik.bg Aug 4 2008 2:04AM GMT ...

Source: www.ireland.com --- 8 hours ago
A NORTHERN Ireland Government Pension Fund has been named as the co-lead plaintiff in a potentially multi-million dollar case against the American investment bank Lehman Brothers Holding Inc. ...