Magazine Articles

Table of Contents |May 1994

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.
Table of Contents |May 1994

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.
Table of Contents |May 1994

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.
Table of Contents |May 1994

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.
Table of Contents |May 1994

Derivatives on a Shoestring

GTE believes it can add 1% to its overall pension portfolio return through derivatives strategies run almost entirely in-house
Table of Contents |May 1994

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.
Table of Contents |May 1994

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?
Table of Contents |May 1994

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.
Table of Contents |May 1994

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...
Table of Contents |May 1994

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...
Table of Contents |April 1994

“Prudent Person” Comes to Canada

Some $41 billion of federally regulated pensions have broader investment parameters since Canada adopted the "prudent person" principle last summer
Table of Contents |April 1994

Redesigning For Success

How a Texas engineering firm redesigned its 401(k), adding new and customized fund options, and persuaded participants to go beyond GICs.
Table of Contents |April 1994

Waiting On The Dollar

Tennessee's retirement system runs its currency overlay program in-house. The results have been mostly a wash, but the program's manager expects that to change.
Table of Contents |April 1994

Prognosis Uncertain

Two court decisions send mixed signals as to whether ERISA preempts states from slapping hospital rate-setting schemes on self-insured benefits plans.
Table of Contents |April 1994

Still Squeezed After All These Years

Treasury auction reforms have created a more efficient, automated market. But most pension investors still find the environment less than friendly.
Table of Contents |April 1994

A New Deal From Custodians

Treasury auction reforms have created a more efficient, automated market. But most pension investors still find the environment less than friendly.