July 1994

A Lesson for ARCO

ARCO, which runs the lion's share of its pension assets in-house, is outsourcing its derivatives-bedevilled Money Market Plus fund.

Compliance Up, Education Down

401(k) sponsors are complying quickly with rule 404(c), but plan participants have a long way to go in the effort to become prudent investors, two recent polls reveal.

Why 401(k) managers love alliances

More than 1.1 million 401(k) participants are served by one-source alliances now. But their advantages are difficult to gauge, and debatable when quantified.

The Big Squeeze

Another bailout of Social Security appears likely in the next year. This time around, some proposals for radical change-perhaps even privatization-are drawing attention.

Detroit’s Delicate Condition

Last summer, the Big Three automakers tried and failed to secure concessions from the UAW on their lavish health benefits. But mounting pressures from rival producers make it imperative that they keep looking for savings.

Bond Pickers

At a time when incremental returns are gaining in importance, some plan sponsors are turning to managers who concentrate on credit risk and other bond fundamentals.

A disastrous first quarter 1994 for hedge funds

A disastrous first quarter sent hedge funds reeling. But there has been no shakeout, and observers say the risks-and rewards-of buying hedge funds are the same as before.

Samurai Fire Sale

Japanese institutions are planning to sell or restructure some 40% of their US real estate holdings. Some pension funds see opportunities.

Bad Reputation

Some plan sponsors still consider structured notes a good investment tool-so long as investors understand their inherent liquidity risks.

Beyond the Grave

Some plan sponsors that have gone to electronic payment of pension benefits are finding that reclaiming payments from dead beneficiaries is not always easy.

Beyond the Grave 2

Some plan sponsors that have gone to electronic payment of pension benefits are finding that reclaiming payments from dead beneficiaries is not always easy.

CMO Analytics Hit Main Street

A spate of new and improved CMO analytic packages promises investors a better understanding of their CMO portfolios.

Ghosts in the Machine

Derivatives have gained notoriety by wreaking havoc in some heavyweight portfolios. Now custody banks are scrambling to keep a closer eye on these quirky creations.