Table of Contents
Issue Date: Monday, April 20, 2015
Some 34% of officials at defined benefit plans, foundations and endowments say they use ETFs or ETNs, and of those, one-quarter plan to increase their usage, a new Pensions & Investments survey shows.
Top-tier hedge funds-of-funds managers are expanding their relationships with underlying hedge fund managers, morphing into active investors of institutional investor assets from mere allocators of those assets.
The average funding ratio of the 100 largest U.S. corporate defined benefit plans dropped 7.7 percentage points in 2014 to 85.8%, despite strong investment returns that averaged 9.2%, Pensions & Investments' annual analysis of corporate SEC filings shows.
BlackRock Inc. Chairman and CEO Laurence D. Fink earned $23.9 million last year, the highest-paid executive among publicly traded money management firms that have so far disclosed 2014 compensation information.
Executives at global money managers and pension funds are adjusting their exposure to U.K. assets and to sterling, as election fever and the uncertainty it brings begin to take hold.
Asset owners are aiming to get in on anticipated opportunities in private debt and credit in light of what they see as a worldwide need for loans and relief from the high-priced public and private equity markets.
A look at defined benefit plans of Canadian companies in the S&P/TSX 60 index.
Defined contribution plans are allowing employees to roll in disparate retirement account balances from previous employers and individual retirement accounts, trying to help reduce the burden of managing multiple accounts and take advantage of lower fees.
Defined contribution industry executives are optimistic that after nearly four years of work and intense debate, the Department of Labor's proposal for updating a 40-year fiduciary standard for anyone giving retirement investment advice will finally bring greater protection for their participants and more transparency from service providers.
Transition managers are adding new capabilities to transfer assets in complex derivatives, futures and options, along with traditional transfers of securities.
Investment consultants and asset owners disagree with an award-winning paper that questions the value consultants offer their clients.
Chinese mutual funds in April became the marginal buyer of Hong Kong stocks owned by institutional investors around the world, a mix that could leave Hong Kong's market on a more volatile path.
Chalkstream Capital Group LP is betting that South Korea will be its next best source of alpha.
The debate has been heard over what the final version of the Ontario Retirement Pension Plan, the province's proposed supplemental retirement plan, should resemble, but details on what the pension fund will ultimately look like when it debuts in January 2017 remain undetermined.
Funding ratios of U.S. corporate defined benefit plans fell further in the first quarter of 2015, three new reports state, as liabilities rose faster than assets.
Financial education for our nation's youngest residents means much more than understanding the basic concepts of dollars and cents. As some defined benefit plans are increasingly being replaced, we have seen many hardworking men and women become their own portfolio managers.
We have each separately made the case that asset pricing theory and investment practice for funding retirement should focus on how much income the member has in retirement instead of the amount of wealth at retirement. This applies whether the pension benefit is generated by a defined benefit plan or a defined contribution plan.