Employer retirement plans are not known for their flashy investments – a majority of 401(k) investors these days use target date funds that invest in broad, diversified equity and fixed income mutual… Source: Financial News Column: What would private equity funds in 401(k)s mean for retirement savers?
(The author is editor-at-large for finance and markets at Reuters News. Any views expressed here are his own) Source: Financial News Column: Spend or hoard? Fate of forced savings could define pandemic recovery – Mike Dolan
The COVID-19 pandemic has put a bright spotlight on weaknesses in many of the systems designed to protect Americans from risks. But with older people more susceptible to serious illness and death… Source: Financial News Column: What COVID-19 is teaching us about how to reform Medicare
William Ackman’s hedge fund is boasting double-digit gains at a time many portfolios have sunk along with the economy during the coronavirus pandemic, after the billionaire investor plowed cash into… Source: Financial News Ackman says hedge fund up 27% year to date, dumped Berkshire
Hedge fund Starboard Value LP is close to having eight directors elected to the board of GCP Applied Technologies Inc at the chemical company’s annual meeting, people familiar with the matter said… Source: Financial News Starboard set to win eight board seats at GCP Applied Technologies-sources
Northern Trust Corp’s decision to liquidate a $1.8-billion prime money market fund was seen as an outlier event by industry analysts on Wednesday, but one that could portend more problems depending… Source: Financial News Northern Trust shutting fund; an outlier or sign of future risk?
Human Interest, which helps small and medium-sized businesses set up 401K plans for employees, said on Wednesday it had extended its Series C funding round to $50 million due to more demand during… Source: Financial News Retirement services provider Human Interest extends funding round to million
A U.S. banking regulator announced on Wednesday it had finalized work on a long-running effort to change community lending standards for banks. Source: Financial News U.S. bank regulator finalizes new community lending rule
Northern Trust Corp said it will liquidate a $1.8 billion prime money market fund, one of a number to come under stress this year as investors withdraw cash. Source: Financial News Northern Trust shutting fund in latest prime money market stress
Small businesses are among the hardest hit as the coronavirus pandemic continues to cause economic uncertainty in communities across the United States. Source: Financial News Your small business and COVID-19 questions, answered