February 1994

Venture Capital’s Comeback

Pensions are returning to one of the 1980s' boom-and-bust markets. But a new note of caution has crept in.

Your Insurer, Your Fiduciary

In the wake of a surprising Supreme Court decision in the Hancock case, everybody seems to be scratching their heads, trying to figure out what it will mean.

Beyond Alliances

Tired of alliances? Feeling like they do not really provide one-stop access to defined contribution plan services? Northern Trust and Hazlehurst are betting you are.

No More “Prudent Klutz”

A new handbook seeks to educate public pension trustees about what it means to be a fiduciary.

Pandora’s Box

A proposed tax on pensions that own 10% of a foreign company has raised fears among pension investors.

Laborer’s Damage Control

Chuck Agles hopes to guide $15 billion of scandal-wracked union pensions into prudent investments.

Translating Respect Into Money

Plan Sponsor's 1994 Compensation Survey: Pension officials' status is rising as their responsibilities grow. But their take-home pay still reflects little of this.

Let the Plansponsor Beware

There is a risk measurement software package for everyone nowadays, it seems. But before buying, know exactly what you want to measure.

Managers of Our Insecurities

Most nuclear power plants will not be decommissioned for years to come. But for utilities struggling to fund decommissioning trusts, the problem has already arrived.

Felling Reactors like Trees

Not all nuclear utilities have seen fit to fund their decommissioning costs. Shoreham, and nearly all Canadian plants thus far, are opting for pay-as-you-go.

Foreign Fixed Income Catches On

More US pensions are buying bonds with foreign accents. Yet few are making an effort to balance international fixed income and equity weightings the way they do on the domestic side.

No More Commingled Fund Queues

A new secondary market is making it easier to exit commingled real estate funds. Now, some players are developing networks to make this new market permanent.

Venture Capital’s Comeback

Pensions are returning to one of the 1980's boom-and-bust markets. But a new note of caution has crept in.

To Outsource, Or Not To Outsource

Sears, as part of a broad cost-cutting plan, is debating outsourcing some portion of its investment management business to external specialists.

Crossfire Over Cross-Testing

Treasury's proposal to eliminate cross-testing threatens age-weighted profit-sharing plans.

The Life Cycle Funds

Money managers are rolling out a new type of mutual fund family, which uses asset allocation tools to tailor participants' lifetime investment strategies.

A Voice in Washington

Fears of federal regulatory pressure on defined contribution assets have led to creation of a new lobbying group, the 401(k) Association.

Making the Most of Mortgages

Teachers Insurance's structured investment staff is finding creative ways to enhance yield in the volatile mortgage-backed securities market.

Targeting Texas

It took four years for the Lone Star State to get its ETI fund off the ground. But the Texas Growth fund confounded the doubters, and is now firmly in business.

Managing Pensions Electronically

Open systems and relational databases are helping some plan sponsors to bring many crucial portfolio management functions in-house.

No Fee Relief

Despite talk of fee pressure and more internal investment management, pensions paid more for management, administration, and trust services in 1992.

The Buy Side, and Market Structure Reform

Despite talk of fee pressure and more internal investment management, pensions paid more for management, administration, and trust services in 1992.