Tag Archives: retirement funds
DOL Proposes Landmark “401(k) Democratization” Rule: Unlocking Private Markets:
(HedgeCo.Net) — A potentially transformative shift in the U.S. retirement system is underway. The U.S. Department of Labor (DOL) has formally proposed a new regulatory framework designed to clarify how fiduciaries can incorporate private equity and cryptocurrencies into 401(k) plans. Framed […]
Lipper: UK Hedge Funds led by Emerging Markets
West Palm Beach (HedgeCo.net) – UK-domiciled funds had a strong week to Friday May 8, led by global emerging markets products, according to data from Thomson Reuters research firm Lipper. Asia Pacific funds also performed well, as did funds investing […]
Unions sue hedge funds over money lost by Madoff
Las Vegas Sun – Two Las Vegas unions claim to have lost almost $2 million in retirement funds to the Bernard Madoff Ponzi scheme, and have sued the hedge fund in which they had invested that money. The unions — […]
Pension fund fires 2 money managers
Boston Globe – The Massachusetts state pension fund fired two money managers yesterday for poor performance, including one that had lost $12 million investing with accused swindler Bernard L. Madoff. Austin Capital Management, which had managed $170 million in state […]