Table of Contents

Issue Date: Monday, December 10, 2012

News

Fiscal talks could result in corporate pension funding relief

Fiscal talks could result in corporate pension funding relief

Corporate defined benefit plan sponsors seeking long-term pension funding relief could reap the benefits of federal government leaders' search for more revenue in tense fiscal-cliff negotiations.

Wish you worked here?

Wish you worked here?

Fifteen firms are being honored by Pensions & Investments as the Best Places to Work in Money Management.

Raise or hold on real assets proves tough call

Pension executives and other institutional investors are split between raising allocations to real assets or maintaining their allocations amid concerns about equity market volatility and inflation, a Pensions & Investments' survey shows.

J.P. Morgan's McNamara explains why real assets are growing popular

Prospects of a continuing weak economy, unstable equity markets and low interest rates are upending traditional asset policy and will drive investors to raise allocations to real assets, said Bernard McNamara, executive director, global real assets, J.P. Morgan Investment Management Inc., New York.

Big players power up their energy-sector investments

Big players power up their energy-sector investments

Blackstone, KKR and other mega private equity firms are starting to spend large chunks of their capital on energy investments, a trend expected to heat up.

Euro equities back on managers' radar

Euro equities back on managers' radar

Global equity managers are beginning to increase their exposure to European stocks, suggesting that active opportunities in the asset class are multiplying even as an end to the eurozone crisis remains elusive.

Attraction to smart beta grows, as does complexity

Attraction to smart beta grows, as does complexity

Smart beta is cutting deeper into traditional passive strategies and displacing more actively managed portfolios, according to consultants, managers and pension fund executives.

A bigger slice of the multiasset pie

Hedge fund and hedge funds-of-funds businesses are accounting for a more meaningful piece of the total assets managed by some of the largest multiasset money managers as well as their balance sheets.

DC plans aiming high, shooting low on best practices

DC plans aiming high, shooting low on best practices

Defined contribution plans aren't moving fast enough, far enough or comprehensively enough to add some best-practices features such as automatic enrollment and automatic escalation, according to a new survey of plan executives by the Defined Contribution Institutional Investment Association.

Hunt is on for African currency bonds

Hunt is on for African currency bonds

Emerging markets debt managers are looking to local currency bonds issued by African governments to boost returns and increase diversification as institutional investors pour money into the asset class.

Marathon-London clients yank $5.8B over pending departures

Pension fund clients are fleeing Marathon-London — taking billions of dollars of assets with them — because of the anticipated departure of Jeremy Hosking, a founding partner of the global equity manager.

Hike in carried interest tax not causing GPs to worry

Alternative investment industry groups might be fighting a tax increase on carried interest, but secretly most general partners acknowledge that changing its treatment to match that of ordinary income won't have a huge impact on their businesses.

Denali working to stop asset drain, boost returns

Denali Advisors LLC is at a critical juncture. Client terminations as well as value, quant performance woes hit manager.

IBM's plan for once-a-year 401(k) match draws mixed views

IBM's change to a year-end corporate match payment from bimonthly for its 401(k) plan should save the company money, defined contribution experts said, but whether or how much the switch will affect participants' savings and investing activities is not clear.

Special Report

Best Places to Work 2012

Best Places to Work 2012

P&I is honoring 15 firms as the Best Places to Work in Money Management.

Special report on real assets

P&I surveyed 135 asset owners and consultants on the significance and outlook of real assets in their portfolios or consultancies.

Frontlines

Editorial

A bigger pension fund is better

A bigger pension fund is better

Across North America, states and provinces should consolidate thousands of smaller public pension plans, which often are run inefficiently because of insufficient resources for effective investment management.

Letters to the Editor

People Moves

Face to Face

Munnell brings scholarly approach to pension issues

Munnell brings scholarly approach to pension issues

Former Clinton administration official Alicia Munnell taps macroeconomic background to expand knowledge of public pension issues.

Partner Content