ITHACA, N.Y. -- Not many, if any, serious pension fund investment journals begin their inaugural issues quoting Ernest Hemingway and F. Scott Fitzgerald. But Investment Policy, which will be published five times a year, is different, to paraphrase a famous tete-a-tete between the authors.
Published by the Center for Investment Policy Studies, Ithaca, N.Y., Investment Policy is managed and edited by investment professionals.
Its editor is Laurence B. Siegel, director of policy research in the investment division of the Ford Foundation, New York. Members of the editorial board include Joe Grills, who was the chief investment officer of IBM Corp.'s pension funds from 1986 to 1993; David McNiff, director-investment management GenCorp.; Eugene McDonald, president, Duke Management Co., and executive vice president for asset management, Duke University; Nancy Everett, deputy chief investment officer, Virginia Retirement System; Philip Ruden, vice president-investments and treasurer at Father Flanagan's Boys' Home; and William J. Raver, managing director-research and external management at GTE Investment Management Corp.
The first issue is devoted entirely to "The Spectre of Inflation." The literary references include a review of "Inflation," a little-noticed book.