The U.S. Supreme Court recently agreed to review the Eighth Circuit’s decision in Thole v. US Bank, in which the Eighth Circuit held that participants in an overfunded defined benefit pension plan lack standing to sue for fiduciary breaches under ERISA. The Supreme Court’s decision in this case—the third ERISA case accepted by the court this term—could have significant implications for plan sponsors and plan fiduciaries.
Eagle Asset Management promoted Brad Erwin to portfolio co-manager on the firm’s Growth & Income Team on July 1.
A Texas county completed a search for investment advisory services this month.
Jen Robertson, associate portfolio manager and senior analyst on the MetWest Capital Equity team at Wells Fargo Asset Management, will leave the firm on Sept. 13.
Andrea Clark has joined GW&K Investment Management as v.p. and global equity client portfolio manager.
Tortoise appointed Senior Managing Director Michelle Kelly Johnston as its cfo on July 1.
Sundip Murthy joined private equity firm Norwest Equity Partners as a partner on July 15.
A California pension fund will conduct a search for fixed-income emerging managers following last week’s approval.
While all venture capital sectors suffered during the Great Recession, one notable sector was almost completely left out of the corresponding recovery: Cleantech.
The stock market’s end-of-the-year losses in December caused each of Ohio’s state pension systems to lose money for the 2018 calendar year.