Opinion

Battle for advisers

November 16, 2009

The oversight of money managers is veering off course in the proposals for the restructuring of regulation to allow the dots to be connected more easily during a budding financial crisis as well as uncover at individual firms specific violations or troubles putting investors at risk.

Possible unexpected costs of proxy access

November 16, 2009

Shareholders should be careful what they wish for in terms of proxy access.

Proxy access reinforces the capitalist way

By Mark Anson     November 16, 2009

If the third time is a charm, investors might luck into proxy access.

Placement-agent ban would harm pension funds

By Michael Travaglini     November 16, 2009

Policymakers, despite best intentions, often craft the wrong answers to the right problems. One recent example of this phenomenon involves the proposed Securities and Exchange Commission rule regarding placement agents.

Not too big to fail

November 2, 2009

Some of the giants in the pension fund industry, including CalPERS and the New York State Common Retirement Fund, are under scrutiny.

Incentives and relative return

November 2, 2009

Incentive pay at public employee retirement systems has gotten an unfair rap lately, largely as a result of the market meltdown. Pension funds have lost billions, raising the question whether any incentives should be paid to staff for exceeding pre-established goals and benchmarks.

Investor strategies on climate change depend on disclosure

By Douglas G. Cogan     November 2, 2009

What does it mean for investors that Congress is poised to take historic action on climate change?

Lessons of the financial crisis

By Robert Pozen     November 2, 2009

What are the ramifications of the financial crisis for retirement investing? Let's begin by understanding the macroeconomic situation and then focus on specific investment strategies.

Looking for diversification in uncommon places

By Matthew T. Moran     October 19, 2009

Indexes for commodities, overseas equities, private equity, real estate, hedge funds and other investments failed to provide strong diversification benefits in 2008, so investors might explore the possibility of whether gold, managed futures and even volatility itself might have the potential to provide valuable diversification benefits.

SEC oversight could end fantasy game for private equity, hedge funds

By Mark Anson     October 19, 2009

In the fall of every year, fantasy football leagues establish playing fields all across the U.S., and even (gasp!) Europe. If I were playing fantasy football, I would make the SEC my top draft pick.

Taking more control

October 19, 2009

Now is the time for many pension funds to put up or shut up in terms of hedge fund investing.

Wrong turn to separate account hedge funds

By Scott Schweighauser     October 5, 2009

The movement toward investing in hedge funds of funds through separately managed accounts is not well-advised and a number of the benefits touted by the proponents of such investing have been overstated.

The case for stable value fund QDIA

By Christine C. Marcks     October 5, 2009

The Department of Labor should help Americans achieve greater retirement security by adding stable value funds to the list of approved qualified default investment alternatives for 401(k) and other defined contribution plans.

Shadowy marketing

October 5, 2009

As public retirement systems, state governments and the Securities and Exchange Commission try to clean up third-party marketing arrangements at public employee pension funds, more attention should be paid to so-called shadow marketers, or alternative marketing, to crack down on the practice.

Today’s Markets

Webcasts

Emerging Markets Webcast

Tuesday, November 9, 2009

Cynthia Steer of Rogers Casey and George Hoguet from SSGA discuss the new asset class of choice - Emerging Markets

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Featured Web Seminars

Join Northern Trust experts in a conversation about monitoring and managing alternative asset risk in the context of today's market volatility and challenging liquidity environment.

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December 2, 2009 - 2:00 pm - 3:00 pm EST

Securities lending has emerged from the credit crisis with renewed focus on transparency and risk. Following increased review by regulators, the industry is preparing for further changes.

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Face to Face

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Working the angles: Face to face with Roger Gray

The new CIO of USS discusses his plan to boost the pension fund's allocation to hedge funds and other alternative investments, taking cash out of public equities to fund the move to a "more liability-aware stance and a more diversified asset allocation."

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