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CIF |
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CalPERS, the nation's largest pension fund, will submit a proposal with the Amalgamated Bank LongView Collective Investment Fund during the 2003 proxy season, officials said Tuesday. In approving the settlement, Judge Marbley noted that the $600 million was an extraordinary result representing a significant recovery for the class achieved by co-lead plaintiffs Amalgamated Bank, as Trustee for the LongView Collective Investment Fund, LongView 600 Small Cap Collective Fund, LongView VEBA 500 and LongView Quantitative Fund, California Ironworkers Field Trust Funds, New Mexico State Investment Council and PACE Industry Union-Management Pension Fund. Pooling ETF assets using Collective Investment Funds (CIFs) allows asset allocation solutions to be offered to multiple plans at a lower cost. |
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