Table of Contents
Issue Date: Monday, April 14, 2014
Controversy over high-frequency trading, fomented by Michael Lewis' new book, highlights the conflict many chief investment officers experience over the practice.
As the flood of reform efforts aimed at public pension funds becomes a trickle, the main concern is whether the newfound fiscal discipline will hold.
U.S.-affiliated money managers and firms that handle transition management appear to be the big winners in the recent wholesale restructuring of the Tokyo-based Government Pension Investment Fund's 4.7 trillion yen ($45 billion) allocation to actively managed domestic equities.
Gains in the U.S. stock market since February have allowed three pension fund executives to take advantage of the returns in a long-running bull market, although recent declines in the technology sector and concerns over early first-quarter earnings reports suggest the market could continue to lose some steam.
A recent federal appeals court decision favoring Fidelity Investments, Boston, has produced more uncertainty than finality about the use of float income in record keepers' administration of defined contribution plans.
With the bond bull market coming to an end, equities have been seeing growing net inflows from institutional investors, despite stock markets' recent declines.
Changes to the way U.K. defined contribution plan participants access their retirement savings has given money managers a clean slate on which to design investment funds and strategies for retirement.
Pensions & Investments' third annual search for the Best Places to Work in Money Management has begun.
Growth of Great-West Financial's record-keeping business will be organic from now on, even though the company gobbled up J.P. Morgan's large-plan defined contribution business and merged Putnam Investments' record-keeping business into Great-West's.
The National Grid U.K. Pension Scheme, London, is in derisking mode.
Recent headlines have both advocates and detractors of high-speed trading debating its merits and perils. Here's a look at some of the important historical events that changed the trading landscape.
Defined contribution plan consultants are supporting further diversification into alternatives such as real assets to protect against inflation as well as reduce volatility.
Noboru Yamaguchi, 70, a leading pension expert in Japan, died April 4 following a lengthy battle with cancer.
Three large custodians with risk analytics and management subsidiaries are building their client base for those nascent businesses, with two of them freely tapping clients of their parents.
As U.S. and international regulators consider ways to monitor risk among large money managers, the industry is trying to fill in some of the information gaps.
Money managers and banks must be more efficient in using collateral for swaps, as new clearing regulations will require far more assets to be placed with central counterparties — to the tune of a combined $2 trillion, according to a report from TABB Group.
Trends in academic research are steering portfolio management to a more factor-based approach, challenging concepts of risk and return, and bringing more transparency and expectations of better performance.
Institutional investors must keep careful watch on trading costs, and take steps to minimize them, as recent research shows they rival investment management fees in their impact on portfolios.
Michael Lewis shocked the investing public with his charge that the stock market is rigged. He will have done investors a great service if he has also shocked the Securities and Exchange Commission into re-examining high-frequency trading and taking steps to halt it.
July 1 this year marks the dawn of the FATCA new world order. Giving the U.S. Internal Revenue Service unprecedented extraterritorial powers to gather information on foreign financial institutions and their underlying account holders, the Foreign Account Tax Compliance Act represents the U.S. Treasury Department's efforts to prevent U.S.
For many public sector retirement plan sponsors, the Governmental Accounting Standards Board's new pension reporting rules couldn't have come at a worse time. The changes, effective June 15 and encapsulated in GASB Statements 67 and 68, mandate that governmental balance sheets reflect unfunded pension liabilities. This has been met with grave concern by plan sponsors.