Table of Contents

Issue Date: Monday, December 24, 2012

News

Fed's course could make for an interesting 2013

Fed's course could make for an interesting 2013

Institutional fixed-income money managers are concerned the Federal Reserve's monetary policy stimulus moves in 2013 could include harder targets for adjusting the federal funds interest rate that bring with them greater volatility.

2012 was a year of deals for big hedge funds of funds

2012 was a year of deals for big hedge funds of funds

2012 has been the year of the deal for the hedge funds-of-funds industry as players seek bigger partners with strong defined contribution and retail investor distribution networks to help them find new sources of inflows.

Public pension plans mull purging gun investments

Public pension plans mull purging gun investments

New York City and CalSTRS are among the big pension funds reviewing whether to divest their shares in gun manufacturers.

Pension experts hope PBGC 'creativity' doesn't go too far

Pension experts hope PBGC 'creativity' doesn't go too far

PBGC director Joshua Gotbaum got credit for creatively dealing with American Airlines to preserve its defined benefit pension plans during bankruptcy, but corporate pension fund executives are hoping he doesn't get too creative as he reinvents his own agency.

Firms protect stable value yields

Firms protect stable value yields

The Wells Fargo Stable Return Fund will limit investments effective Jan. 2, the latest restricting inflows over concerns that new money in a continuing low interest-rate environment will lower yields for existing investors.

EU economies tap pension funds as financing source

EU economies tap pension funds as financing source

Governments throughout the eurozone are making huge strides in tapping into pension fund assets as a potential source of financing domestic economic growth.

Tradewinds' AUM falls 72% in 10 months

Assets under management at Tradewinds Global Investors LLC are down more than two-thirds since the announcement in March that star money manager David Iben was leaving.

Asian money managers move to be players on global stage

Asian money managers move to be players on global stage

Asia-based bidders have emerged as the last man standing in two auctions of European money management firms in recent months, a pattern market watchers expect will become more pronounced as Asia's relatively strong economic growth continues.

Fees, indexes take center stage in ETF competition

Fees, indexes take center stage in ETF competition

Liquidity and cost trump all other benefits of exchange-traded funds for institutional investors. Yet the basic attributes of these rapidly growing category of products also have large investors shying away from most areas of index and asset class innovation — where costs are higher and trading is lower.

New Chinese policy may favor big foreign investors

Regulators guarding China's local stock market are putting out the welcome mat for big foreign institutional investors, amid signs that a growing number of those investors could move to take advantage of the open door.

Special Report

2012 Databook

Welcome to Pensions & Investments' 12th annual Databook, a collection of charts, tables and statistics on a variety of investment management subjects.

Editorial

An impulse to help

An impulse to help

Can a pension fund serve two masters? New York City Teachers' Retirement System will try.

Other Views

Workers shorted on retirement readiness

Workers shorted on retirement readiness

Defined contribution plan executives and their service providers are doing a lousy job getting participants prepared for retirement.

Between the Lines