Michael Giardina

Since August, the funding status for the typical U.S. corporate pension plan has posted a more than 13 percentage point improvement, marking the largest four-month positive swing for the BNY Mellon Pension Summary Report since it was created in 2006.

In October, Mercer announced that it would no longer provide investment consulting advisory services to public sector defined benefit pension plans in the U.S. And a month later, the global consulting, outsourcing and investment services firm announced that it had plans to acquire St. Louis-based Hammond Associates.

Baltimore-Md.-based Legg Mason has hired Pete Nachtwey, the former CFO for The Carlyle Group, to serve as its new lead financial officer...

Munder Capital Management announced yesterday that it plans to complete its acquisition of Integrity Asset Management (IAM), a Louisville, Ky.-based firm focused on the advisement of institutional assets, by the end of the calendar year.

The optimal combination of high corporate bond yields and budding investment returns for defined benefit plans was not evident in this year’s third quarter, as pensions’ worldwide saw an “offset of strong investment returns” due to the decline in yields, Towers Watson said.

With the continued growth of the global real estate crisis, debt from the economic collapse in the sector could be a diamond in the rough for the institutional masses, Mercer said Wednesday.

PineBridge Investments has hired George Hornig, the former managing director and co-global chief operating officer at Credit Suisse Asset Management, to serve in a similar capacity at the New York-based institutional and individual investment management firm.

Baltimore-based global investment management firm has added Craig Sidall, a veteran of institutional investment consulting and client management, as VP and consultant relations manager focusing on Canada.

Misleading mortgage-backed securities investments offered by Bear Stearns allegedly “directly smacked” the Oregon Public Employees’ Retirement Fund with more than $17 million in losses following the 2008 economic collapse, state officials said in a suit Monday.

Russell Investments and Parametric Portfolio Associates have pooled their resources in order to offer a new joint index that will be a “vital metric for investment decisions” in the future, the two Washington-based firms said Monday. The new ...

Institutional asset managers displayed an aura of optimism towards the positive swing in financial markets and the U.S. economy, with many believing that a double-dip recession is unlikely, and unemployment rates will ease up, a new study claims.

The Segal Company has moved to acquire Aon Consulting’s multiemployer defined benefit consulting business; a measure that will add nearly 60 defined benefit plans under its advisement.

New York watchdog Andrew Cuomo has nabbed another firm for allegedly bartering investment deals with the state pension funds without a required securities license.

The Boston fund giant is looking to hire a senior investment analyst within its Asset Allocation Division, an arm that “engineers and manages” more than $230 billion in assets

Despite positive performance from “risky asset markets,” the typical U.S. corporate pension plan saw its funding ratio drop by 1% thanks to the drowning effects of high rising liabilities, a new study claims. In a Friday analysis, UBS Global Asset ...

Carlo Chiaese, a Westfield, N.J. investment advisor, was arrested Tuesday for allegedly defrauding a New York City pension fund.

Gotham Asset Management, a newly formed firm that will focus specifically “on the institutional segment of the market,” has officially opened for business, Joel Greenblatt, its managing principal and co-CIO, said.

Securities and Exchange Commission Chairman Mary Schapiro said Thursday the federal regulator could possibly issue new proposed shareholder corporate governance and executive compensation reform rules “in the next few weeks."

The Securities and Exchange Commission charged two State Street Bank and Trust Co. employees for allegedly misleading investors about their exposure to subprime investments.

ING Investment Management Americas is launching a globally focused fixed-income fund that is expected to outperform market benchmarks by investing in debt securities for its institutional clients, the firm said Tuesday.