The asset manager steered more money to stock funds last year than it intended for some individuals in a roughly $27 billion education-savings plan administered by the state of Nevada.
Ariel Investments, LLC (“Ariel” or “the firm”), a global value-based asset management firm, announced today the appointment of Fazal Merchant, Former Co-CEO of Tanium Inc., and Anthony D. Romero, Executive Director of the American Civil Liberties Union (ACLU), to its Board of Directors.
A confidential Calpers board meeting on chief investment officer Ben Meng’s abrupt departure is the subject of an intensifying legal fight between the nation’s largest public pension fund and a former director.
J.P. Morgan’s proprietary analysis of the 100 largest corporate pensions reveals several lessons defined benefit plan sponsors can learn from last year.