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Leaner and Meaner

How some pension sponsors are cutting the fat from their defined benefit plans to reduce costs and administartive headaches-and without simply shifting to defined contribution structures.
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Cinderella Story

A disastrous 1992 performance prompted some participating local pension funds to pull out of PRIM. Now, with a stellar 1993 behind it, Massachusetts' unique long-term investment trust is...
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Silk Purse or Tin Cup?

To make sure none of their partners go begging after retirement, law firms are updating once highly informal pension arrangements.
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Finding a Provider

With a heavy focus on a single complicated aspect of retirement policy, law firms find themselves building their own alliances.
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Battling the Yield Curve

When the yield curve has been shooting the moon, what is a fixed-income manager to do? Few, it seems, are betting heavily on what will happen next.
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The Currency Benchmark Debate

As customized currency benchmarks multiply and active tactical hedging takes off, the debate is heating up on how international investors should set their hedge ratios.
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No Competitive Bid

The AARP runs an 850,000-participant fund program with just one manager, no competitive bidding process, and no third-party evaluation service.
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Public Funds Health Care Debate

As a new national health care system is hammered out, public fund sponsors worry that their needs will not be addressed-though they may be left footing the bill.
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Savings in the Sun

Puerto Rico residents love deferred compensation plans. But setting them up is not easy-for one thing, it means satisfying two overlapping tax regimes.
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Derivatives on a Shoestring

GTE believes it can add 1% to its overall pension portfolio return through derivatives strategies run almost entirely in-house
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A Line to the Floor

Direct access brokers give institutional investors quick access to the Big Board floor, plus a continuing picture of action on the exchange.
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Going Paperless

Electronic pension benefits payment is better for both the plan sponsor and the retiree, proponents say. So why are they so slow to move into the paperless age?
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Comparing Notes on Costs

In an effort to better manage costs, five of Canada's biggest public plans are sharing intimate data on their administrative expenses.
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Cutting Out the Middle Bank

Euroclear and Cedel now offer limited direct access to corporate pensions and treasuries for tri-party repos. But thus far, few corporates appear eager to cut out the banks...
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Opinion: Defining the ETI Debate

The current debate over economically targeted investments is mired in a bog of half-truths. Each side focuses on one part of the issue, and ignores or mischaracterizes the...