Table of Contents

Issue Date: Monday, December 9, 2013

News

25 organizations rank as Best Places

25 organizations rank as Best Places

Twenty-five organizations — including 11 repeat winners — have been named to Pensions & Investments' second annual list of the Best Places to Work in Money Management.

Canyon Capital departures get mixed reaction from investors

Canyon Capital departures get mixed reaction from investors

In the last two weeks, Canyon Capital Realty Advisors has lost three top executives, triggering key-man provisions giving investors the ability to take control of the manager's investment funds.

Did IRS inaction  prompt some to freeze DB plans?

Did IRS inaction prompt some to freeze DB plans?

More closed corporate defined benefit plans may have been frozen this year because the IRS has not released guidance on how employers could avoid failing non-discrimination testing in closed plans.

Detroit ruling reverberates with pension funds around country

Detroit ruling reverberates with pension funds around country

The Detroit bankruptcy ruling on Dec. 3 has turned into the “new shot heard round the world” for both pension plan participants and municipalities saddled with pension debt and trying to stay afloat.

Happy employees pay off

Best Places to Work honorees have shown strong asset growth and impressive long-term alpha generation.

Lifting of some Iran sanctions has investors reviewing options

Lifting of some Iran sanctions has investors reviewing options

President Barack Obama's lifting of some economic sanctions on Iran has triggered reviews by public pension funds and specialty consulting firms on prohibitions on investing with companies doing business in the country.

Hedge fund managers seek to set themselves apart through branding

Hedge fund managers seek to set themselves apart through branding

Hedge fund branding is increasing as institutional investors' presence within hedge funds' client bases is forcefully nudging even the most tight-lipped firms to open up and explain what they do.

Illinois drops K2 in funds-of-funds restructuring

The Teachers' Retirement System of the State of Illinois, Springfield, more than doubled the hedge fund-of-funds assets managed by Grosvenor Capital Management LLC to $998 million, terminating K2 Advisors LLC.

Alternatives strategies still the top asset draw for institutional investors

Alternative investments — particularly private equity — were massively popular with institutional investors this year, continuing a trend that has endured at least three years.

Fees in play as more administrators see consolidation

Fees in play as more administrators see consolidation

Consolidation among alternative fund administrators is expected to continue over the next several years, which sources say will mean higher costs for asset owners in the short term. But some say in the long run, costs could decrease.

More institutions agree to share

More institutions agree to share

Big institutional investors around the globe are cooperating and collaborating on investment ideas to an ever-greater extent as they seek better control over, and returns from, their portfolios.

CalPERS pushing on infrastructure, timber

CalPERS is attempting to increase allocations to infrastructure investments and timber, assembling what is believed to be the largest infrastructure investment staff among U.S. pension funds.

Baker joins P&I   in London office

Baker joins P&I in London office

Sophie Baker has joined Pensions & Investments as London bureau chief.

Special Report

Best Places to Work 2013

Best Places to Work 2013

Twenty-five organizations — including 11 repeat winners — have been named to Pensions & Investments' second annual list of the Best Places to Work in Money Management.

Online

Frontlines

Editorial

Presumption of company stock

Presumption of company stock

The Department of Labor's intervention seeking a U.S. Supreme Court hearing on the responsibilities of fiduciaries concerning company stock as an investment option in defined contribution plans might lead to better guidance on a long-standing exception to the diversification rules of the Employee Retirement Income Security Act.

People Moves