Table of Contents |

Another Big Year for US Investment Abroad

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...
Table of Contents |

Calling In the Sharks

Pension funds have traditionally shied away from suing their managers, brokers, and trust banks. But that attitude may now be changing.
Table of Contents |

Hanged In Effigy

Harvard Management's suit against Merrill Lynch shows that even the sophisticated can be taken for a ride.
Table of Contents |

“The Last Great Untapped Source of Capital”

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.
Table of Contents |

Everything New is Old Again

For pensions, the Clinton economic team presents a mixed bag of some good news, some bad news, and an enigma.
Table of Contents |

Mending the Dam

Will the PBGC shortfall be Clinton's S&L crisis?
Table of Contents |

Catch-401 (k)

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.
Table of Contents |

The Quiet Lobbyist

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...
Table of Contents |

Canada’s Sharp-Toothed Watchdog

The PIAC is Canada's top lobbyist on pension issues. Economically targeted investing is its big new challenge
Table of Contents |

Dealer’s Choice

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...
Table of Contents |

Doing Due Diligence

Trading costs-and what plan sponsors can do about them
Table of Contents |

Canada’s Harvest of Embarrassment

Few front-running cases ever reach the public gaze. One that did was the case against Dominion Securities broker Michael Biscotti.
Table of Contents |

Union-Made

The AFL-CIO gets serious about developing an integrated pro-labor investment strategy for its pensions. New guidelines sanction both foreign investing and ETIs
Table of Contents |

Multifamily Madness

Mortgage-backed securities have not held much appeal for pensions in a long time. But a bubbling market in multifamily paper may change that.
Table of Contents |

Passing the Quality Test

Total quality management is catching on with private plan sponsors. For some, it means revamping-even reducing-the fund's outside manager relationships.
Table of Contents |

Georgia On My Mind

What do you do when your investment manager has a public relations problem that could turn into a disaster?
Table of Contents |

Ontario’s Infrastructure Skirmish

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
Table of Contents |

The Year of the Pension

Changes are in the air as Japan's pension system readies for its five-year check-up in 1993.
Table of Contents |

Coming Home

In-house options strategies are on the rise at pension funds.
Table of Contents |

Looking for the Payoff

Two recent studies indicate that corporate governance initiatives can indeed boost the bottom line for pensions that want to be activist investors.
Table of Contents |

No More Welfare State

A shareholder revolt in the Netherlands offers hope for investors frustrated by low returns on big Dutch multinationals.
Table of Contents |

STIF-Arming

"Enhanced" STIFs are appealing to pension sponsors in search of greater yield on their cash balances.
Table of Contents |

Head Start

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.
Table of Contents |

The Cost of Going Green Again

Their future still in question, nuclear decommissioning trusts are not rushing to take advantage of lower tax rates and new, looser investment restrictions.
Table of Contents |

Hope for the Little Guy

With or without Washington's help, the first tax-advantaged, pooled funds for small foundations is expected to be launched this year.
Table of Contents |

The Bloomberg Factor

While many plan sponsors find Bloombergs useful, only the most sophisticated consider the popular information and analytics tool a must-have.
Table of Contents |

Cracks in the Facade

Canada's trust services market is opening up. For pensions the results are competition, lower fees, and lots of new products.