November 1994

Status Improved

One of the last bills to squeak through this Congress improves the PBGC's and public pension funds' standing in bankruptcy proceedings.

Status Improved

One of the last bills to squeak through this Congress improves the PBGC's and public pension funds' standing in bankruptcy proceedings.

This New House

As traditional lenders retreat from the affordable housing market, pension funds are being enticed into this sector. Thanks to subsidies and more flexible underwriting standards, some pioneers are profiting.

The Barbarian Returns

Hostile takeovers are back, and nearly as big as ever. But pension sponsors are just as skeptical as ever, too.

The Battle For Borden

By opposing KKR's purchase of Borden, the Teamsters have blurred the line between shareholder activism and direct involvement in M&A.

The New Beneficiaries

Despite complications, some companies find that extending benefits to employees' domestic partners is an inexpensive way to accomodate valued employees.

Tobacco Row Under Seige

A sudden upsurge in major lawsuits against tobacco companies has turned previously unconcerned pension funds into shareholder activists.

Inflation Hedge

With inflation fears growing, some plans are looking at commodities-based investment strategies that promise a hedge against it.

General Dynamic’s Spin-Off

General Dynamics wanted to cut the fixed costs of running its pension fund. Its longtime treaurer got his own money management firm, with GD as its first client.

Pension Lobbyists Score a Victory

Pension lobbyists obtained important concessions on PBGC reform legislation this fall. The effort showed how effective they can be in Washington.

Once More Into the Breach

Public pension advocates are trying once again to get Congress to change onerous deferral cap rules for 457 plans. But the long health care debate has pushed their agenda back to next year.

On Their Own

In-house managers who specialize in derivatives are finding their special skills in demand.

From Buyouts to Doctors Bills

KKR wants to weld its 18 majority-owned companies into the first nationwide health care coalition. But it may encounter problems regional groupings do not have to face.

Tempest in the Bullpen

The Teamsters are trying without much success to get other pension funds to stop using Merrill Lynch. But how did the biggest US broker-dealer run afoul of the union?

Comparing Report Cards

As managed care networks emerge as the health care providers of choice for many companies, a collection of standardized formats are being developed to evaulate them.

No Such Thing as a Free Lunch

Despite headlines to the contrary, zero fee bids, like the free lunch, remain confined to myth.