Industry At A Glance

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Global Turmoil Hits Tar Heel State Pension Fund

Middle Eastern conflict and the European debt crisis seemed to have had a lasting impact on the funds available within the Raleigh, N.C.-based pension portfolio managed by the North Carolina State Treasury...

Segal Advisors Rounds Up Rogerscasey

Following much industry speculation for the transaction, Segal Advisors confirmed today that Darien, Conn.-based Rogerscasey will now be part of The Segal Company’s investment consultancy business...

CalSTRS Adjusts Return Assumption

CalSTRS has lowered its investment return assumption from 7.75% to 7.5%, the second largest pension fund in the nation revealed Thursday...

U.S. Bank Acquires Union Bank’s Retirement Plan and RIA Institutional Trust Biz

U.S. Bank has acquired the units of Union Bank’s institutional trust business that focus on retirement plans, labor management trusts, and registered investment advisors, U.S. Bank’s parent, U.S. Bancorp, announced late Wednesday...

P-Solve Solvates into Retirement Conglomeration

Two retirement plan and fiduciary consultants based in the Commonwealth have merged to form P-Solve Cassidy, a new announcement states.

Illinois Reforms Get Push

Illinois Gov. Pat Quinn called for legislative action this year on pension and Medicaid reforms to stabilize the state’s fiscal house but offered few details on how to accomplish that goal in his state of the state address Wednesday during which he rolled out plans for new tax credits and more education spending...

U.S. Plan Sponsors Owe Equities Year-End Bonus

A new analysis from financial services giant Northern Trust highlights the lasting and positive impact that domestic equities had on institutional investment plan sponsors’ 2011 showing...

S.C. Treasurer: Commission ‘Not Broken’ But ‘Bent’

Treasurer Curtis Loftis, an outspoken official against the South Carolina Investment Commission, told lawmakers yesterday that transparency and accountability—not legislation—will mend the wounds inflicted by prior leadership...

N.J.'s Unfunded Pension Liability Will Only Get Worse, Fitch Warns

New Jersey’s unfunded pension liability will probably worsen because the state does not plan to fully fund its actuarial annual required contributions to pensions until fiscal 2018, Fitch Ratings said Tuesday...

Economists Debate Governments' Role in Repairing Economies

Two renowned economists engaged in a fierce debate at the IMCA New York Consultants Conference on Tuesday on a question that both admitted had no concrete answer: What can the government do to repair the economy...

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