Running the Fund
Social Investing or Censorship?

Constitutional challenges face a Texas law which
prevents state funds from investing in record companies that
purvey violent or sexist song lyrics.

Letter of the Law |

Prison Terms Begin for Pension Embezzlers

Former baseball star Denny McLain and a partner stole $2.5 million from a small pension plan. Now, the fund is suing the banks that held the assets.
Letter of the Law |

Microsoft Loses Again

The Ninth Circuit confirms its decision that Microsoft wrongly denied benefits to a group of workers it claimed were "independent contractors."
Wired Participant |

Tom McMahon

Senior vice president of finance & administration, Pacific Maritime Association
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The Lessons of UPS

Settlement of the highest-profile US labor-management conflict in years brings into focus some critical questions about the future of multiemployer pension plans, and about all pension plans as...
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The Rights Stuff

Major funding cuts have created a financial crisis for the Pension Rights Center. But director Karen Ferguson vows to persevere.
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House Of Cards

A wave of ownership changes is hitting money management firms, knocking over many long-standing relationships. Plan sponsors are scrutinizing these deals more intensely than ever.
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Securitizing Real Estate

REITs are changing real estate investment by making this volatile asset class look and act more like equities. But can they overcome pension investors' fears of another market...
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Bargaining Abroad

International real estate is now more than just a gleam in pension sponsors' eyes. A few sophisticated funds are already making large commitments.
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Bon Voyage

Why the soaring US market has not dampened pension funds' ardor for international stocks
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Windy City Dust-Up

Mayor and public employee unions square off over plan to free up future pension contributions
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CALPERS Hits Cyberspace

An RFP that accepts responses over email scores a hit with money managers
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Disclosure Dispute

Courts split over how much information plan administrators must disclose to participants
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Balancing Act

Some plans design customized balanced options to keep their 401(k) asset allocations on track
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Critical Mass

Why Union Carbide keeps 401(k) administration, recordkeeping in-house instead of outsourcing
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Happy Hour

New drug cocktails are expensive, but could reduce disability, return AIDS patients to work