Table of Contents
Issue Date: Monday, November 26, 2012
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.
Pension executives will continue to rely on creative investing, higher contributions and pension buyouts or lump sums to make any improvements in funded status in 2013.
Illinois Gov. Pat Quinn has taken an unusual approach to raise public awareness of the state's pension problem.
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.
Public pension funds' hunt for money managers is moving toward a streamlined search process and away from the traditional RFP, a shift driven by investment consultants.
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.
Institutional investors are increasingly separating beta and alpha in their fee structures to shift more of the investment risk back to their money managers.
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.
Institutional investors increasingly are investing in private equity funds leveraged with Small Business Administration debt for their promise of higher returns.
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.
Small-cap stocks are about to get a boost from something that historically has been responsible for nearly all outperformance over large-cap rivals: the month of January.
Pension fund managers considering expanding their use of exchange-traded funds must always bear in mind that trading ETFs is entirely different from trading stocks.
The Department of Labor on Nov. 13 announced a $217 million settlement with four companies to resolve a series of lawsuits relating to losses from investments in Bernard L. Madoff Securities' Ponzi scheme.
Michael L. Davis, second-in-command at the Labor Department's Employee Benefits Security Administration, has become the head of Prudential Financial Inc.'s stable value business — sparking chatter that the insurer is gearing up for potential regulatory developments.
It took 16 months, but Texas Permanent School Fund, Austin, finally has a final plan — sort of — about how to restructure its hedge funds-of-funds portfolio.
AFSCME Employees Pension Plan, Washington, and Trillium Asset Management filed a shareholder proposal to have Citigroup explore a corporate restructuring that could lead to the divesting of some business units.
Consulting firms providing more money manager information as public pension plans move away from traditional RFPs.
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.
Networking landed Chetan Ghosh the job as CIO of Centrica PLC's pension fund and also brings him successful investment strategies.