Table of Contents

Issue Date: Monday, September 3, 2012

News

Political platforms raise pension issues

Political platforms raise pension issues

Pension funds and retirement security are featured topics in both Democratic and Republican platforms, but the focuses are different.

Investors go global in sovereign bonds

Investors go global in sovereign bonds

The upside potential for core government bond investors in major developed nations is shrinking, leading some to globalize their sovereign debt investment strategy to reduce risk while adding potential sources of returns.

Public pension plans brace for legal challenges to cuts

Public pension plans brace for legal challenges to cuts

Several high profile court cases and the prospect of more might be writing the next chapter of public pension reform, as bold - or desperate - legislators take aim at current workers' benefits, once considered untouchable.

California lawmakers OK pension reform

California lawmakers OK pension reform

The California Legislature approved an overhaul of the state's public pension laws on Friday, rolling back benefits to pre-1999 levels.

Institutional investors quicken shift to alternative investments

Institutional investors quicken shift to alternative investments

Fixed income's dwindling return expectations and equities' volatility are causing institutional investors to lean more heavily than ever on alternative investments.

Rabobank may succeed at getting one buyer for all investment units

Rabobank may succeed at getting one buyer for all investment units

Rabobank, the latest European bank to seek a single buyer for its far-flung money management business, could prove more successful at finding a purchaser than recent competitors.

Health of CalPERS investment debated

Health of CalPERS investment debated

A 5-year-old investment by CalPERS that was expected to earn handsome returns and help to reduce cost CalPERs pays to provide health care for its members has yet to pay off.

New battleground in investors' fight to contain fees

New battleground in investors' fight to contain fees

New fee arrangements, emerging in response to institutional investors' push to cut costs, could put pressure on revenues of both investment managers and consultants.

More managers willing to bend for a portion of faith-based pie

More managers willing to bend for a portion of faith-based pie

Hedge fund managers hungry for institutional assets are increasingly willing to incorporate exclusionary screens into their investment approaches to keep portfolios in line with the socially responsible investment values of church-affiliated investors.

Investors find new options to traditional property index

Investors find new options to traditional property index

There's room for more than one equity real estate index.

Eddy Awards adds 3 categories for 2013

The Eddy Awards, which began in 1995, recognize plan sponsors and service providers that epitomize the best practices in providing investment education to defined contribution plan participants.

P&I, Rocaton combine on defined contribution survey

P&I, Rocaton combine on defined contribution survey

Pensions & Investments and Rocaton Investment Advisors are surveying defined contribution plan executives on a few hot-button issues — stable value and other conservative investment options, fees and revenue sharing, and retirement income solutions.

Slideshow: Risk parity and the ‘lost years’

Slideshow: Risk parity and the ‘lost years’

Japanese investors would have benefited from a risk-parity strategy during the ‘lost decades.’

Sea change in manager/investor model proposed

Unlike the other cost-cutting initiatives, which deal primarily with search-related fees, Jason MacQueen is proposing a complete revamp of manager/investor fee model.

Special Report

P&I/Towers Watson World MegaFunds: 2012

In a year of poor equity returns, assets of the world's 300 largest retirement funds rise 1.9%.

Frontlines

Editorial

A new pension model

A new pension model

The multiemployer model is dead. Long live the multiemployer model.

Letters to the Editor

Department: Portfolio Management

Opportunities in China will outweigh concerns

Opportunities in China will outweigh concerns

China's economy is now the world's second largest, and the greater China equity market — comprising mainland China, Taiwan, Hong Kong and Macau, at approximately $6.1 trillion in market capitalization — already has surpassed Japan's as the world's second biggest.

Face to Face

Aurora Investment executives see changing market conditions as opportunity

Aurora Investment executives see changing market conditions as opportunity

Market shifts might change the investment opportunities available, but Roxanne Martin and Scott Schweighauser at Aurora Investment hold to their process.