Table of Contents

Issue Date: Monday, September 17, 2012

News

Payoff from California pension reform will take awhile

Payoff from California pension reform will take awhile

California Gov. Edmund G. Brown Jr.'s signing last week of a pension reform package not only won't bring significant savings for years but it pales in comparison to efforts by other states to rein in public pension costs, say policy experts.

Institutional investors turn to hedge fund managers for strategy, macro advice

Institutional investors turn to hedge fund managers for strategy, macro advice

Hedge fund managers are becoming trusted advisers to their clients, adding the role of portfolio consultant to their investment duties for large and small investors.

ECB pledge boosts bets on debt of eurozone periphery

ECB pledge boosts bets on debt of eurozone periphery

Some bond managers are making hay on the recent turnaround of sovereign debt issued by peripheral eurozone countries as European leaders have made sweeping commitments to solve a debt crisis now in its third year.

Boeing looks to ground DB plan for new engineers on West Coast

Boeing looks to ground DB plan for new engineers on West Coast

Boeing Co., Chicago, is proposing closing its defined benefit plan to new hires in its West Coast engineers union and placing them in an enhanced 401(k) plan as part of its overall strategy to close its DB plans to new employees.

Public pension funds leading growth of MLPs

Public pension funds leading growth of MLPs

Institutional investors have been allocating more money to master limited partnerships over the past 12 months, attracted by the hefty cash distributions and inflation-hedging charms offered by the fast-growing market niche.

British, Dutch forge paths for infrastructure investing

British, Dutch forge paths for infrastructure investing

Governments in both the U.K. and the Netherlands are helping to pave alternative routes to infrastructure investing for pension funds.

Clean-tech investing littered with mines

Clean-tech investing littered with mines

Clean technology managers are redoubling their efforts to attract capital, but investors will have to pick through a landscape of failed efforts to find the managers with winning strategies.

Passive target-date funds picking up the pace

Passive target-date funds picking up the pace

Assets invested in passive target-date funds are growing at a much faster rate than those in active target-date funds, although active funds still have a substantial majority of assets.

Poor liquidity metrics could mean lost opportunities

Institutional investors might be overlooking investment opportunities in exchange-traded funds because they are using inadequate metrics to gauge the funds' liquidity.

Special Report

State of hedge funds 2012

The gap between the growing assets managed by large hedge fund managers and the dire declines of many hedge funds-of-funds firms widened into a chasm over the past year.

Largest Index Managers 2012

P&I profiles and ranks the largest managers of indexed assets.

Frontlines

Editorial

Reality trumps Occupy Wall Street's passion

Reality trumps Occupy Wall Street's passion

Today marks the first anniversary of the emergence of the rabble-rousing and passionate Occupy Wall Street movement, an appropriate time to reflect on the meaning for institutional investors of its foundational issues of corporate greed and corruption.

People Moves

Face to Face

The three worlds of Patron Capital's Keith Breslauer

The three worlds of Patron Capital's Keith Breslauer

Patron Capital's founder Keith Breslauer uses climbing, altruistic pursuits to balance responsibilities of running a real estate private equity firm.