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Putting Off The Future
New study casts doubt on US pension investing habits
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A New Slate
PBGC head seeks balanced solution for underfunding
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And Then There Were Eight
Alaska's new eight-person state pension board takes the reins
Table of Contents |July 1993
Case closed
A Supreme Court decision sends a warning to companies in multiemployer plans.
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Michigan’s Energy Bet
Michigan Treasury's pension fund chooses Energy Investors Management II for its first energy-related holding.
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Cracking the Japanese monolith
Plan sponsors try to make Japan's corporate boards listen.
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When The Cheering Stops
Professional athletes are turning more attention than ever to post-retirement benefits. But the game moves much faster in some sports than in others.
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Ice Follies
Hockey's messy dispute over monies removed from its retirement fund is in appeals court. Game two begins this fall.
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Beyond the Big Purse
Non-team sports, too, are making progress in the pension area. But they face a different set of challenges.
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Quebec’s Heavyweight
Often regarded as the Canadian market's 500-pound gorilla, the Caisse de depot has emerged as a major global investor. In the process, it hopes to set a place...
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Global Player
The Caisse is an unabashed activist investor with global ambitions, chairman Delorme explains.
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Every Sponsor Needs One
Since widening its mandate to include global markets, the Caisse's tactical asset allocation fund has taken off
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Desperately Seeking Safe Harbor
404(c) now gives defined contribution plan sponsors limited safeguards against lawsuits by beneficiaries. But compliance standards are vague, and no one knows just how far the protections extend.
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School’s In
Employee sophistication is a big concern for plans that want to qualify for 404(c) protection. Some are exploring more than one route to bring their participants up to...
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One Big Pension Fund
Some leading multinationals are finding ways to consolidate their North American and foreign pensions.
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Last Act for the RTC
Washington is bent on cleaning out its inventory of real estate from distressed S&Ls within the next two years. But pensions should kick the tires before buying.
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The Vulture Has Landed
The once-torrid vulture fund market has matured. But a number of factors are keeping big investors interested.
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Green Thumb
With the environment again a hot topic, some public pensions are exploring ways to make environmentally correct investments.
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This Old House
A slew of ambitious housing and urban development projects are attracting the attention of public pension funds.
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When Should You Fire Your Investment Manager
Pension sponsors share their thoughts on what prompts them to pull the trigger on unsatisfactory manager relationships.
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The Case for Marketing Reps
A new industry has grown up to serve investment managers seeking tax-exempt business. How well they serve plan sponsors is another question.
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Someone to Take Charge
The naming of Olena Berg as the top US pension regulator Could add a new, experienced voice to the debate over economically targeted investing.
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Sending It Out of House
Many 401(k) sponsors are finding ways to outsource part of the plan. Winn-Dixie Stores, going one step further has outsourced the whole thing.
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Making a Play for the Payout
The Mutual Benefit fiasco, now winding to a Close, provides some valuable tips for GIG holders on how to protect their interests in a rehabilitation.
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Repo Men
Repurchase agreements have emerged as the overnight investment vehicle of choice for many pension managers.
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Mind Control
Use of mental health care benefits is rising fast. Corporations are starting to worry about the effect on post-retirement costs.
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The Portability Problem
Beset by FAS 106 obligations, corporate benefit plans could use more help from their employees with funding. But without health benefit portability this may be hard to come...
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Work In Progress
The Common Fund is trying to boost performance by College and university endowments in some new ways-through education, and by promoting global investing.
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Team Work
Activist pension funds have some powerful new allies in unions like the Teamsters.
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Northern Revolt
Taking a cue from their US Counterparts, Canadian public pension sponsors are learning to be shareholder activists.
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Free Lunch Still Served
Amid a market that refuses to recover some Japanese pension funds are getting tough with their brokers and investment managers. But the network of cozy relationships is a...
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The Numbers Game
Fixed-income analytics afford pension sponsors a more sophisticated knowledge of their portfolios. But few are ready to move up the curve.
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Measurement Wars
Pension funds in search of improved performance measurement products now have new providers custodians. But the traditional providers, consultants, are fighting back.
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Armchair Traveler
McGill University is one of a growing group of Canadian pension sponsors which use derivatives to increase their overseas market exposures
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Don’t Ignore Political Risk In Developed Markets
When institutional investors speak of political risk, they almost always have in mind the emerging markets of Asia, Latin America, Eastern and Southern Europe, the Middle East, and...
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Inefficient Market Theory – Thinking About the Performance Game
Some plan sponsors are worried.
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Dora Romero, age 71
Retired office worker, Mountain Bell, Annual Pension: $5,592