Wal-Mart Opening Retirement Fund for Bidding to Managers
Wal-Mart, with nearly 1.2 million strong retirement fund members, is accepting bids to manage its US$15.6 billion 401k program.
Pension funds
Unclaimed Pensions in the UK Highlight the Growing Issue of Orphaned Accounts
Recent reports have highlighted a concerning trend in the UK's pension landscape. About three million accounts, often referred to as 'orphaned' accounts, contain significant sums of money that, as yet, remain unclaimed by the rightful owners.
Personalized Mediciine Innovators
The Inova Health System is now investing and focusing on "personalized" medicine innovation...
Investment Industry Waits For Trump’s Stance On Fiduciary Rule
The landscape for the investment industry remains uncertain as the financial advisors and broker-dealers are yet to know the intention of the incoming administration regarding the fiduciary rule. The..
Visium Asset Management facing US regulatory probe
New York-based hedge fund Visium Asset Management is facing probe by the US Securities Exchange Commission (SEC) and Justice Department over its trading and valuation issues. Visium's exposure to heal..
Latest News
Deals of the day - M&As
The following bids, mergers, acquisitions and disposals were reported on Wednesday.
US$1 Trillion Public Pension Cuts Japan’s Bond, Increases Stocks
Prime Minister Shinzo Abe announced cutting down Japan's pension fund and focusing into stocks, away from government bonds.
Fiat Technically Can Buyout IPO Shares in Chrysler Owned by VEBA
Fiat SpA can technically head off the Chrysler IPO through a buyout according to its CEO Sergio Marchionne.
Japan to Reduce Pension Fund to Buy Equities
Japan's public pension would undergo changes as the government seeks to buy more equities.
Ontario Teachers To Vote for Sprint-SoftBank Deal
The Ontario Teachers Pension Plan will vote for the Sprint-SoftBank deal as it is the fifteenth biggest shareholder in Sprint Nextel Corp.
Marchionne Allays Fears of New Debt for Fiat
Marchionne discounts speculation that Fiat would accumulate more debts when it purchases the Chrysler stake of VEBA.
Calpers Plan to Sell Its Entire Carlyle 4% Stake
Calpers is planning to sell its entire 4% stake in Carlyle that is valued at US$373.3 million.
US Treasury Suspends Pension Funds
The US Treasury has announced suspension of pension funds to raise its debt limit.
SAC Redemption Increases as Magnitude Capital Divests
With the ongoing insider probe, more investors are pulling out their investments from SAC.
