More DB Plan Sponsors Employ an LDI Strategy
December 8, 2011 (PLANSPONSOR.com) – Use of liability-driven investing (LDI) strategies is the highest it has been in the past five years.
Administration
GASB Proposes More Disclosures to Assess Governments’ Conditions
December 7, 2011 (PLANSPONSOR.com) - The Governmental Accounting Standards Board (GASB) has proposed state and local governments should present five-year projections of cash inflows, cash outflows and financial...
Mass. Pension Fund Drops BNY Mellon as Forex Provider
December 6, 2011 (PLANSPONSOR.com) – The Massachusetts state pension fund board fired Bank of New York Mellon as its foreign exchange trading provider.
Female Alternative Investment Managers Predict More Fund Launches
December 6, 2011 (PLANSPONSOR.com) - Nearly 70% of the women surveyed for Rothstein Kass’ "Women in Alternative Investments – Industry Outlook and Trends" expect the next 18 months...
Morningstar Analyst Rating—Another Tool to Add to Your Arsenal of Research
December 6, 2011 (PLANSPONSOR.com) – Morningstar launched its Analyst Ratings last month.
Green Mountain Coffee Sued by Pension Fund
December 6, 2011 (PLANSPONSOR.com) - A Louisiana police employees’ pension fund filed a federal lawsuit against Green Mountain Coffee Roasters.
Majority of Canadian Investors Unfamiliar with ETFs
December 5, 2011 (PLANSPONSOR.com) – A BMO Investments, Inc. study found only 18% of Canadian investors are familiar with exchange-traded funds (ETFs).
Outlook Bleak for Pension Plan Expense and Contributions
December 5, 2011 (PLANSPONSOR.com) - The aggregate deficit in pension plans sponsored by S&P 1500 companies decreased by $80 billion during November, from a deficit of approximately $471...
More Conversation Needed on Pension Risk Transfer Solutions
December 5, 2011 (PLANSPONSOR.com) - Ailing defined benefit pension plans are poised to be rescued by insured pension risk transfer (PRT) solutions, according to a new report by...
Michigan Retiree Groups Push for Repeal of Pension Tax
December 5, 2011 (PLANSPONSOR.com) - Groups representing Michigan pensioners and other seniors have asked lawmakers to support bills introduced in the state house and senate to repeal taxation...
Report Examines Growth of Investment Options in DC Plans
December 2, 2011 (PLANSPONSOR.com) –Record-setting levels of defined contribution assets will continue to grow, yet mutual funds will not be the sole beneficiary.
IPERS Faces Long-term Shortfall
December 2, 2011 (PLANSPONSOR.com) – The Iowa Public Employees’ Retirement System (IPERS) faces a long-term shortfall $5.68 billion, reports the Des Moines Register.
Foundation Offers Proposals for Public Pension Reform
December 1, 2011 (PLANSPONSOR.com) – Laura and John Arnold Foundation (LJAF) has released a policy solution paper, Creating a New Public Pension System, outlining alternatives to the current public...
Md. State Retirement Agency Closes Direct Equity Real Estate Program
December 1, 2011 (PLANSPONSOR.com) – The Investment Division of the Maryland State Retirement Agency (SRA) has closed its 20-year-old Direct Equity Real Estate Program.
Court Denies Summary Judgment in CalPERS Kickback Case
December 1, 2011 (PLANSPONSOR.com) - A California judge has rejected a request from prosecutors to declare that a former state pension board member orchestrated illegal investment deals and...
Pensions Will Report Lower Funded Ratios under New GASB Rules
The report noted that GASB proposes two major changes for reporting purposes: Assets would be valued at market rather than smoothed; and Liabilities would be discounted by a blended rate...
Majority of Alternatives Managers Optimistic About Prospects
November 28, 2011 (PLANSPONSOR.com) – Sixty-three percent of investment managers surveyed by SEI at its Annual CFO Forum for Alternative Investment Managers are optimistic about their firm’s prospects...
Are Benefits of Investing in Alternatives Overstated?
November 22, 2011 (PLANSPONSOR.com) – A report from the Center for Retirement Research at Boston College suggests that for corporate pension plans, the potential diversification benefits from investing...
Pension Funds’ Suit against Countrywide Certified as Class Action
November 22, 2011 (PLANSPONSOR.com) - A federal judge has certified a class action lawsuit in the case against Countrywide that accuses the home mortgage firm of deceptive practices...
Pension Risk Transfer Index Ticks Down in October
November 18, 2011 (PLANSPONSOR.com) - The Dietrich Pension Risk Transfer Index, which tracks the relative attractiveness of annuitizing pension liabilities, declined in October 1.78 points from its prior value.