The fast-approaching fiscal cliff is causing some money managers to abandon traditional year-end portfolio moves in order to play it safer. Still other managers already are focusing on the next big crisis when Washington tackles the federal budget deficit.
Defined contribution executives cut median plan costs to a record low for the 15-month period ended March 31, according to investment consultant NEPC LLC, which has been tracking DC plan costs for seven years.
Once caught in the middle of a national pay-to-play scandal, the $16 billion New Mexico State Investment Council shifted $7 billion to new managers while terminating all of its public markets managers and all but one of its consultants.
Peter Eichler Jr., CEO and co-founder of Aletheia Research and Management Inc., blames Aletheia Research and Management Inc.'s Chapter 11 filing, in part, on costs of a lawsuit with his former partner.
A new free tool from Rocaton Investment Advisors LLC allows corporate pension plans to assess and identify funded status risk in their plans at a time when investment returns aren't keeping up with soaring pension liabilities.
Rabobank's prolonged attempt to sell Robeco Group indicates more trouble ahead for European asset management divestitures, wrapping up a year that so far has been more defined by failures than successes.
UniSuper Management Pty. Ltd., the A$32 billion (US$33.2 billion) superannuation fund for Australia's university and research sector, is venturing away from the beaten path in its efforts to lower fees, boost returns and better control volatility.
Sen. Tom Harkin, D-Iowa, proposes to improve pension coverage and retirement security by building a chair. That is, he would add a fourth leg to the shaky proverbial three-legged stool that defines the current retirement system to shore it up.
Excerpts from remarks by Mary L. Schapiro, chairman of the Securities and Exchange Commission, before the Oct. 26 Regulatory Reform Symposium of the George Washington University Center for Law, Economics and Finance.
Every client invested in a market-neutral portfolio wants to know how much value is added by the short positions. Answering this question is much harder than it appears. Indeed, there is no commercially available tool that yields a thorough, unbiased and widely accepted analysis of the contributions from the short side.