Table of Contents

Issue Date: Monday, March 31, 2014

News

Geopolitical shocks raise warning flag for investors

Geopolitical shocks raise warning flag for investors

Asset owners and money managers say in an interdependent world, they are used to the drumbeat of geopolitical crises.

Private equity only part of Safeway merger story

Private equity only part of Safeway merger story

Safeway Inc.'s pending $9.6 billion merger with Albertsons might be as much a real estate play as it is a private equity deal, but the real estate angle won't be revealed right away.

Hedge fund managers shy away from mutual funds

Hedge fund managers shy away from mutual funds

Huge growth in alternative investment mutual funds is fueling a big market for subadvisory hires for hedge fund managers.

Investors move further afield to  get more from fixed income

Investors move further afield to get more from fixed income

Institutional investors are casting an ever wider net as they continue to search for the “income” in fixed income.

Artisan Partners going strong a year after IPO

Artisan Partners going strong a year after IPO

A year after going public, Artisan Partners Asset Management Inc. is on a roll that is enriching clients, stockholders, financial backers and employees.

Transition management keeps shrinking

Transition management keeps shrinking

Fewer providers are offering transition management services, reflecting changes in the U.S. defined benefit plan market that make it tougher to make money on the business.

Ferrigno ready to climb new heights

Ferrigno ready to climb new heights

After 16 years fighting mostly uphill battles over retirement regulation and legislation, Edward Ferrigno is looking forward to scaling some actual mountains when he retires March 31 as vice president of Washington affairs for the Plan Sponsor Council of America.

P&I seeking to recognize DC plan innovators

P&I seeking to recognize DC plan innovators

Wanted: defined contribution plan executives taking bold and unusual steps to improve participants' retirement outcomes.

Putnam/Great-West union gets high marks

Putnam/Great-West union gets high marks

Combining the defined contribution businesses of Putnam Investments and Great-West Financial - both owned by Great-West Lifeco Inc., Winnipeg, Manitoba - is a smart strategic decision that recognizes record keepers need greater scale to thrive, DC consultants and other industry participants say.

Managers see smart beta pickup among institutional investors

Managers see smart beta pickup among institutional investors

Smart beta's popularity among institutional investors has grown substantially in the past couple of years — and experts believe that will continue in 2014 and beyond.

Endowment chief enjoys flexibility offered by ETFs

Endowment chief enjoys flexibility offered by ETFs

When Timothy Jarry ascended to the role of chief investment officer in 2011 at the College of the Holy Cross, his alma mater, he undertook a yearlong portfolio review of the endowment. Looking to maintain (or increase) commitments to many external managers across equities, hedge funds and private equity, Mr. Jarry took a sidestep: He brought some of the portfolio in-house for the first time.

Split decision made in ABB 401(k) appeal

Split decision made in ABB 401(k) appeal

A federal appeals court on March 19 issued a split decision in a prominent 401(k) case involving claims by participants that a sponsor, ABB Ltd., Cary, N.C., and its record keeper, Fidelity Investments, breached their fiduciary duties.

Olsen promoted to news editor at P&I

Olsen promoted to news editor at P&I

Kevin Olsen has been named news editor of Pensions & Investments.

Chinese managers facing growing pains

Chinese managers facing growing pains

The teenage years can be tough, especially in a home environment where the rules are always changing. China's fund management industry is a case in point.

Tianhong blazes trail with fund tied to online giant Alipay

Tianhong blazes trail with fund tied to online giant Alipay

The once modestly sized money manager finds itself at the top of the assets under management rankings in China on the strength of a money market fund tie-up with China's Alipay online payments giant.

EC continues to look to pension assets for growth

EC continues to look to pension assets for growth

The European Commission has reinforced its message that pension funds in Europe are the key to financing long-term growth in the region.

Pending Supreme Court case could make company stock option toxic

Pending Supreme Court case could make company stock option toxic

The U.S. Supreme Court will hear oral arguments April 2 in a pivotal defined contribution case.

Growth concerns

BlackRock's Laurence D. Fink recently suggested corporate executives spend cash on capital investment, rather than buybacks and dividends.

Special Report

Money management in China

Money management in China

Chinese managers see bright future despite changing rules, bear market and sharp competition.

Online

Frontlines

Editorial

Let's play ball

Let's play ball

To paraphrase a line from “Field of Dreams,” if you build it, they will come - “it” being a multiple employer pension plan, and “they” being employers.

Letters to the Editor

Department: Portfolio Management

Risk parity still can offer rewards to careful investors

After tremendous growth over more than a decade of strong returns, risk-parity strategies recently have been struggling. Has the market run-up exposed a fatal flaw? We don't think so.

People Moves