Magazine Articles

Table of Contents |July 1994

A disastrous first quarter 1994 for hedge funds

A disastrous first quarter sent hedge funds reeling. But there has been no shakeout, and observers say the risks-and rewards-of buying hedge funds are the same as before.
Table of Contents |July 1994

Samurai Fire Sale

Japanese institutions are planning to sell or restructure some 40% of their US real estate holdings. Some pension funds see opportunities.
Table of Contents |July 1994

Bad Reputation

Some plan sponsors still consider structured notes a good investment tool-so long as investors understand their inherent liquidity risks.
Table of Contents |July 1994

Beyond the Grave

Some plan sponsors that have gone to electronic payment of pension benefits are finding that reclaiming payments from dead beneficiaries is not always easy.
Table of Contents |July 1994

Beyond the Grave 2

Some plan sponsors that have gone to electronic payment of pension benefits are finding that reclaiming payments from dead beneficiaries is not always easy.
Table of Contents |July 1994

CMO Analytics Hit Main Street

A spate of new and improved CMO analytic packages promises investors a better understanding of their CMO portfolios.
Table of Contents |July 1994

Ghosts in the Machine

Derivatives have gained notoriety by wreaking havoc in some heavyweight portfolios. Now custody banks are scrambling to keep a closer eye on these quirky creations.
Table of Contents |June 1994

Life After Severance

Continuing participation in the employer's 401(k) is a popular severance package perk. But the IRS appears to be taking a dim view of the practice.
Table of Contents |June 1994

San Diego’s Derivatives Plunge

The fund effected a pioneering in-house index replication program in February, and followed it up by allocating 2% of assets to a new managed futures portfolio.
Table of Contents |June 1994

Fallout on MP’s Pensions

Canadian lawmakers are committed to cutting back their own cushy pension scheme. The only questions now are how far, and how fast.
Table of Contents |June 1994

Politicians’ Pensions in Different Countries

Last summer, the Big Three automakers tried and failed to secure concessions from the UAW on their lavish health benefits. But mounting pressures from rival producers make it...
Table of Contents |June 1994

A Closer Look at ADRs

ADR transaction volume is mushrooming. But there are reasons why sophisticated investors stick to underlying issues.
Table of Contents |June 1994

Package Deal

Traders say they are seeing more sophisticated pension sponsors doing international portfolio trades. But the field is dominated by just a few firms with the necessary technology and...
Table of Contents |June 1994

Out With the Old

Some fast-growing foundations and endowments are rethinking their custody relationships. Cozy regional ties are out-size, efficiency, and a wider range of services are in.