Public pension funds are not a tool that politicians can use to signal their virtue. California politicians haven't learned that lesson.

Employers should not be required under ERISA to provide financial education to their employees as a recent academic paper suggests.

Asset owners need to shed racial biases because it is unjust to exclude a group of talented professionals from an opportunity for success.

Retirement plan sponsors should think twice before adding mandatory arbitration clauses to their plan documents.

Money has been pouring into alternative investments, raising concerns that too much money might be chasing too few good ideas.

The Business Roundtable misses the mark on the importance of shareholder value as a guiding principle for public companies.

The private equity industry must become more open, showing that its successes greatly outweigh failures.

The retirement industry needs a new education campaign, this time aimed at some defined contribution plan sponsors.

U.S. pension funds with significant active portfolios should watch with interest the adoption of performance-based fees by Japan's GPIF.