Table of Contents

Issue Date: Monday, May 15, 2017

News

Default deferral rates for DC plans get a nudge up

Default deferral rates for DC plans get a nudge up

Defined contribution plans are nudging participants to boost contributions by raising initial deferrals to 6% or more.

Managers up cash, awaiting opportunities

Managers up cash, awaiting opportunities

Cash and other defensive assets are creeping up in fixed-income and multiasset credit portfolios.

States to persist with secure choice

States to persist with secure choice

Safe harbors for state efforts to launch private-sector retirement savings initiatives are no more, leaving states to figure out their next steps.

Corporations prep for tax reform by hiking pension contributions

Corporations prep for tax reform by hiking pension contributions

Facing increased PBGC variable premiums and potential corporate tax reform, U.S. corporations are accelerating their pension contribution schedules.

Puerto Rico bankruptcy pits investors against pensioners

Puerto Rico bankruptcy pits investors against pensioners

Puerto Rico's fiscal tug-of-war with pensioners, bondholders, other creditors and its own finances starts a new, uncharted chapter this week.

More info, but no teeth in new foreign exchange code

More info, but no teeth in new foreign exchange code

An impending code of conduct among FX market participants won't necessarily mean better execution and trading costs for asset owners

Lillywhite winner spurred by course's dull textbook

Lillywhite winner spurred by course's dull textbook

A dull textbook on pensions started Olivia Mitchell on a career as a retirement educator, researcher, thought leader and award winner.

Money managers see some improvement in first quarter

Money managers see some improvement in first quarter

Capital markets gave publicly traded money managers a boost in the first quarter, but managers still face difficulties generating organic growth.

Janus, Henderson merger will reduce investment lineup

Janus, Henderson merger will reduce investment lineup

Janus Capital Group and Henderson Group hope to show that a cross-continent combo can be more successful than either company operating alone.

Institutional investors fill activism gap in Europe

Institutional investors fill activism gap in Europe

Corporate governance is among factors driving shareholder activism among institutional investors in the U.K. and continental Europe.

Shakeup at AllianceBernstein surprises many in the industry

Shakeup at AllianceBernstein surprises many in the industry

The abrupt termination of Peter Kraus as chairman and CEO of AllianceBernstein by AB's parent AXA points to possibly more changes.

Special Report

Top-performing money managers: Q1 2017

Top-performing money managers: Q1 2017

High-yield strategies once again top the list of outperforming fixed-income managers during the first three months of 2017.

Asia embraces alts

Asia embraces alts

The growing ranks of large Asian institutional investors making initial allocations to hedge funds and private markets are boosting global fund-of-funds firms.

Online

Frontlines

Editorial

French election offers breathing room, not stability

French election offers breathing room, not stability

Unlike recent elections in the U.S. and U.K., voters' choice of Emmanuel Macron as president of France was largely baked in to investor and market expectations.

10 years after Madoff fraud exposed, problems and risks remain

10 years after Madoff fraud exposed, problems and risks remain

The debut of HBO's Bernie Madoff biopic is a good opportunity to reflect on the efforts made in near decade since he confessed his fraud to improve disclosure and transparency.

Other Views

Endowments should rethink the 5% rule

For decades, most endowments and foundations have lived by the 5% payout rule, safe in knowing that such prudent spending safeguarded their financial health. However, with markets changing, many endowments find adhering to a government rule that demands how much of a portfolio must be spent annually to maintain tax-exempt status no longer makes sense.

People Moves