The trick: to ensure that a South Africa-free fund performs as well as an unrestricted fund
Us public pension fund trustees have the last word on investment decisions for the $1.1 trillion in retirement assets that they manage-in theory.
Now that Francisco Borges has left elected office as Connecticut state treasurer to begin an investment banking career in New York, what does he consider the biggest challenge he faced as a public plan head?
German industrial giant Siemens does not have it easy these days, what with a deepening recession and mounting criticism for not cutting its expenses fast enough in a straitened business environment.
Undeterred by a nearly 14% negative return on EAFE, Morgan Stanley Capital International's benchmark non-US equity index, US investors continued to pour new money into overseas stock markets last year
Many things set Stanley Siu apart from his mainland counterparts.
Pension funds have traditionally shied away from suing their managers, brokers, and trust banks. But that attitude may now be changing.
Harvard Management's suit against Merrill Lynch shows that even the sophisticated can be taken for a ride.
In a drawn-out case against Hancock Life, Harris Trust is trying to prove the insurer is a fiduciary under ERISA.
Will Willie Clinton make like Willie Sutton, and go where the money is? If he does, his six-shooters are likely to be pension taxation and infrastructure investment.
For pensions, the Clinton economic team presents a mixed bag of some good news, some bad news, and an enigma.
Will the PBGC shortfall be Clinton's S&L crisis?
Proving once again that politics makes strange bedfellows
Defined contribution plans are sweeping the nation. But the trend has its problems-and it is not yet clear whether anyone can save 401(k) investors from themselves.
Private pension funds have struggled to find a voice for their investment concerns in Washington. In CIEBA, they may have found it-right at the time when it has become critical.
The PIAC is Canada's top lobbyist on pension issues. Economically targeted investing is its big new challenge
Europe's pension lobby has been around for ten years. But its biggest challenge is still to define itself
Pension funds' fixation on commission costs has helped create a market that often works against their own interests. To solve the problem, they must learn to look more carefully at what happens after they place an order.
Trading costs-and what plan sponsors can do about them
It's 9:30 am: do you know what your broker is doing?
Few front-running cases ever reach the public gaze. One that did was the case against Dominion Securities broker Michael Biscotti.
The AFL-CIO gets serious about developing an integrated pro-labor investment strategy for its pensions. New guidelines sanction both foreign investing and ETIs
Mortgage-backed securities have not held much appeal for pensions in a long time. But a bubbling market in multifamily paper may change that.
Total quality management is catching on with private plan sponsors. For some, it means revamping-even reducing-the fund's outside manager relationships.
What do you do when your investment manager has a public relations problem that could turn into a disaster?
The province's socialist government wanted to combine its five big pension funds to promote infrastructure investment. When the funds balked, the government backed off
Changes are in the air as Japan's pension system readies for its five-year check-up in 1993.
In-house options strategies are on the rise at pension funds.
Two recent studies indicate that corporate governance initiatives can indeed boost the bottom line for pensions that want to be activist investors.
A shareholder revolt in the Netherlands offers hope for investors frustrated by low returns on big Dutch multinationals.
"Enhanced" STIFs are appealing to pension sponsors in search of greater yield on their cash balances.
With FAS 106 now in effect, health benefit accounting is an urgent issue for US companies. The best approach is to start planning early. Very early.
Their future still in question, nuclear decommissioning trusts are not rushing to take advantage of lower tax rates and new, looser investment restrictions.
With or without Washington's help, the first tax-advantaged, pooled funds for small foundations is expected to be launched this year.
While many plan sponsors find Bloombergs useful, only the most sophisticated consider the popular information and analytics tool a must-have.
Canada's trust services market is opening up. For pensions the results are competition, lower fees, and lots of new products.
No question is more central to plan sponsors than whether to assume an active or a passive investment stance.