Table of Contents

Issue Date: Monday, April 20, 2015

News

Institutional use of ETFs due to grow next year

Institutional use of ETFs due to grow next year

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.

Hedge funds-of-funds managers turn to customized investments

Hedge funds-of-funds managers turn to customized investments

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.

Funded status hurt by longer lifespans, discount rate drop

Funded status hurt by longer lifespans, discount rate drop

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's Fink top earner, proxies show

BlackRock's Fink top earner, proxies show

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.

Money managers are easing U.K. allocations

Money managers are easing U.K. allocations

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.

Private debt market ready for takeoff

Private debt market ready for takeoff

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.

Pensions, Canadian style

Pensions, Canadian style

A look at defined benefit plans of Canadian companies in the S&P/TSX 60 index.

DC plans playing catch-up on education for roll-ins

DC plans playing catch-up on education for roll-ins

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.

DOL's proposed fiduciary rule on advice gets a thumbs-up

DOL's proposed fiduciary rule on advice gets a thumbs-up

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 answer call for sophistication

Transition managers answer call for sophistication

Transition managers are adding new capabilities to transfer assets in complex derivatives, futures and options, along with traditional transfers of securities.

Many find fault with paper critical of consultants

Many find fault with paper critical of consultants

Investment consultants and asset owners disagree with an award-winning paper that questions the value consultants offer their clients.

Chinese mutual funds buy up Hong Kong stocks

Chinese mutual funds buy up Hong Kong stocks

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.

Hedge fund Chalkstream heads to Korea in search of alpha

Hedge fund Chalkstream heads to Korea in search of alpha

Chalkstream Capital Group LP is betting that South Korea will be its next best source of alpha.

Hearings don't clarify details of Ontario's proposed supplemental pension fund

Hearings don't clarify details of Ontario's proposed supplemental pension fund

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.

Corporate pension funding ratios fall in 1st quarter, reports say

Corporate pension funding ratios fall in 1st quarter, reports say

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.

Special Report

Balance Sheet 2015

The funded status of the top 100 corporate pension plans.

Online

Frontlines

Editorial

It's time for leadership

It's time for leadership

The time has come for Chicago Mayor Rahm Emanuel to exhibit leadership.

Other Views

Chicago: A model city for bridging the financial education gap

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.

Monetary policy: It's all relative

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.

People Moves