Defined Benefits

A 2-1 majority of the U.S. Court of Appeals in St. Louis ruled Fidelity had no obligation to recapture for plan participants $1.7 million in overnight float income.

With the willing assistance of Washington state political leaders, Boeing shamelessly bullied Machinists union members into a corner and twisted their arms into accepting a new contract that ends their traditional defined-benefit pension.

New Jerseys public-pension fund, the 12th-largest in the U.S., returned 10.7 percent in the first seven months of the fiscal year as stocks surged.

The union said Treasurer Janet Cowell is failing to disclose all direct and indirect placement fees, asset fees, performance fees and any other management fees in the $86 billion pension fund.

CalPERS, with a market value of $282.9 billion as of March 14, said publicly traded equity investments rose 12.7 percent through Jan. 31.

As head of alternative investments for AT&T from 1980 to 1995, Judge helped establish the first ties between institutional investors and startup ventures.