PLANSPONSOR Magazine
COVER
Are Public Funds Demanding Guaranteed Performance for Their Restricted Porfolios?
The trick: to ensure that a South Africa-free fund
performs as well as an unrestricted fund
Table of Contents
Table of Contents
Are Public Funds Demanding Guaranteed Performance for Their Restricted Porfolios?
The trick: to ensure that a South Africa-free fund performs as well...
Table of Contents
Table of Contents
Public Fund Trustees Get a League of Their Own
Us public pension fund trustees have the last word on investment decisions...
Table of Contents
Table of Contents
Frank Borges, leaving Hartford for Wall Street, reflects on public sponsors’ dual role
Now that Francisco Borges has left elected office as Connecticut state treasurer...
Table of Contents |April 1993
In An Unusual Move, Siemens Sets Up an In-House Investment Subsidiary
German industrial giant Siemens does not have it easy these days, what with a deepening recession and mounting criticism for not cutting its expenses fast enough in a...
Table of Contents |April 1993
Another Big Year for US Investment Abroad
Undeterred by a nearly 14% negative return on EAFE, Morgan Stanley Capital International's benchmark non-US equity index, US investors continued to pour new money into overseas stock markets...
Table of Contents |April 1993
Stanley Siu, Hawaii Employees Retirement System
Many things set Stanley Siu apart from his mainland counterparts.
Table of Contents |April 1993
Calling In the Sharks
Pension funds have traditionally shied away from suing their managers, brokers, and trust banks. But that attitude may now be changing.
Table of Contents |April 1993
Hanged In Effigy
Harvard Management's suit against Merrill Lynch shows that even the sophisticated can be taken for a ride.
Table of Contents |April 1993
Is You Is or Is You Ain’t My Fiduciary?
In a drawn-out case against Hancock Life, Harris Trust is trying to prove the insurer is a fiduciary under ERISA.
Table of Contents |April 1993
“The Last Great Untapped Source of Capital”
Will Willie Clinton make like Willie Sutton, and go where the money is? If he does, his six-shooters are likely to be pension taxation and infrastructure investment.
Table of Contents |April 1993
Everything New is Old Again
For pensions, the Clinton economic team presents a mixed bag of some good news, some bad news, and an enigma.
Table of Contents |April 1993
Ending “Reckless Prudence”
Proving once again that politics makes strange bedfellows
Table of Contents |April 1993
Catch-401 (k)
Defined contribution plans are sweeping the nation. But the trend has its problems-and it is not yet clear whether anyone can save 401(k) investors from themselves.
Table of Contents |April 1993
The Quiet Lobbyist
Private pension funds have struggled to find a voice for their investment concerns in Washington. In CIEBA, they may have found it-right at the time when it has...
Table of Contents |April 1993
Canada’s Sharp-Toothed Watchdog
The PIAC is Canada's top lobbyist on pension issues. Economically targeted investing is its big new challenge
Table of Contents |April 1993
Defining Europe’s Pension Lobby
Europe's pension lobby has been around for ten years. But its biggest challenge is still to define itself
Table of Contents |April 1993
Dealer’s Choice
Pension funds' fixation on commission costs has helped create a market that often works against their own interests. To solve the problem, they must learn to look more...
Table of Contents |April 1993
Doing Due Diligence
Trading costs-and what plan sponsors can do about them
Table of Contents |April 1993
Conflicts of Interest?
It's 9:30 am: do you know what your broker is doing?
Table of Contents |April 1993
Canada’s Harvest of Embarrassment
Few front-running cases ever reach the public gaze. One that did was the case against Dominion Securities broker Michael Biscotti.
Table of Contents |April 1993
Union-Made
The AFL-CIO gets serious about developing an integrated pro-labor investment strategy for its pensions. New guidelines sanction both foreign investing and ETIs
Table of Contents |April 1993
Multifamily Madness
Mortgage-backed securities have not held much appeal for pensions in a long time. But a bubbling market in multifamily paper may change that.
Table of Contents |April 1993
Passing the Quality Test
Total quality management is catching on with private plan sponsors. For some, it means revamping-even reducing-the fund's outside manager relationships.
Table of Contents |April 1993
Georgia On My Mind
What do you do when your investment manager has a public relations problem that could turn into a disaster?
Table of Contents |April 1993
Ontario’s Infrastructure Skirmish
The province's socialist government wanted to combine its five big pension funds to promote infrastructure investment. When the funds balked, the government backed off
Table of Contents |April 1993
The Year of the Pension
Changes are in the air as Japan's pension system readies for its five-year check-up in 1993.
Table of Contents |April 1993
Coming Home
In-house options strategies are on the rise at pension funds.
Table of Contents |April 1993
Looking for the Payoff
Two recent studies indicate that corporate governance initiatives can indeed boost the bottom line for pensions that want to be activist investors.
Table of Contents |April 1993
No More Welfare State
A shareholder revolt in the Netherlands offers hope for investors frustrated by low returns on big Dutch multinationals.
Table of Contents |April 1993
STIF-Arming
"Enhanced" STIFs are appealing to pension sponsors in search of greater yield on their cash balances.
Table of Contents |April 1993
Head Start
With FAS 106 now in effect, health benefit accounting is an urgent issue for US companies. The best approach is to start planning early. Very early.
Table of Contents |April 1993
The Cost of Going Green Again
Their future still in question, nuclear decommissioning trusts are not rushing to take advantage of lower tax rates and new, looser investment restrictions.
Table of Contents |April 1993
Hope for the Little Guy
With or without Washington's help, the first tax-advantaged, pooled funds for small foundations is expected to be launched this year.
Table of Contents |April 1993
The Bloomberg Factor
While many plan sponsors find Bloombergs useful, only the most sophisticated consider the popular information and analytics tool a must-have.
Table of Contents |April 1993
Cracks in the Facade
Canada's trust services market is opening up. For pensions the results are competition, lower fees, and lots of new products.
Table of Contents |April 1993
Rethinking Market Efficiency and Active/Passive Management
No question is more central to plan sponsors than whether to assume an active or a passive investment stance.