Table of Contents

Issue Date: Monday, January 26, 2015

News

Pension fund performance up on strong markets

Pension fund performance up on strong markets

Another strong year for equity markets, coupled with the year's comeback in bonds, propelled the investment returns for pension funds in seven major markets in 2014.

For Vanguard, these are the best of times

For Vanguard, these are the best of times

Vanguard Group Inc. on Jan. 20 surpassed State Street Global Advisors as the second-largest exchange-traded fund provider, a new milestone following a year that was filled with them.

DOL feeling heat on QPAM exemptions

The Department of Labor is under increasing pressure to get tough on money managers with U.S. retirement plan clients when their firm, or an affiliate, gets into legal trouble.

Hedge fund inflows continue despite tepid index returns

Hedge fund inflows continue despite tepid index returns

Low hedge fund index returns in 2014 did little to dissuade investors from increasing their hedge fund portfolios and masked a hefty performance divergence among hedge fund managers and strategies.

Supply-demand issue to hit infrastructure

Supply-demand issue to hit infrastructure

Demand for infrastructure assets with a dependable, existing income stream now exceeds supply. That means investors might not get the income and return they hope for from future investments.

Obama tax proposals may be DOA

Obama tax proposals may be DOA

President Barack Obama's State of the Union speech Jan. 20 mentioned only broadly his vision for helping middle-class workers save more for retirement, but he's poised to submit proposals to Congress on Feb. 2 as part of his fiscal 2016 budget.

Coming investment boom not just for Asian managers

Coming investment boom not just for Asian managers

Local money managers in Asia will benefit as Asian investors come to account for an ever-larger slice of the global wealth pie, but big U.S. and European players could be poised to gain even more.

Salisbury retiring as head of EBRI

Salisbury retiring as head of EBRI

It is hard to imagine the Employee Benefit Research Institute without Dallas Salisbury.

Del Rey founder finding rough road after fast start

Del Rey founder finding rough road after fast start

Paul Hechmer was a star international equity portfolio manager at Tradewinds Global Investors. But that star has burned out since he launched his own shop — del Rey Global Investors LLC.

Hilton retirement director receives Lillywhite Award

Hilton retirement director receives Lillywhite Award

Mary Nell Billings, director of global retirement programs, for Hilton Worldwide, was named winner of the 2014 Lillywhite Award. The award, which honors people who have made contributions to Americans' economic security, is sponsored by the Employee Benefit Research Institute, Washington.

Fiduciary breach issue gets Supreme Court hearing

Fiduciary breach issue gets Supreme Court hearing

The U.S. Supreme Court is scheduled to hear arguments next month in an ERISA case that could greatly expand guidelines for defined contribution plan executives' fiduciary responsibilities.

ESG strategies largely absent from ETF landscape

As the integration of passive strategies into institutional portfolios accelerates, another unequivocal trend — the consideration of environmental, social and governance factors in investment decisions — remains primarily a pivot point for more socially aware, active investment decisions.

Special Report

Special report on Asia

Local money managers in Asia will benefit as Asian investors come to account for an ever-larger slice of the global wealth pie, but big U.S. and European players could be poised to gain even more.

Online

Frontlines

Editorial

Damage of low rates

Damage of low rates

The best thing that could be done for pension funds in 2015 is something they can't do themselves: increase interest rates.

People Moves