Pensions & Investments

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Articles in July, 2005 issue of Pensions & Investments

• Indian leader courts institutional investors; Prime minister says country's financial focus makes subcontinent a complement to China.(News)
  by Anand, Vineeta
• Benner takes helm at Marin County.(Charnel Benner appointed at Marin County Employees Retirement Association)(Ellen Philbin appointed at Falmouth Contributory Retirement System)(Simon Fraser promoted at Fidelity International Ltd.)
• Alts investors step up to the plate; Making offers.(alternative investment players wants to invest on Washington Baseball Club)(Brief Article)
  by Jacobius, Arleen
• M&A activity gets boost from big deal; Six acquisitions in span of five days after June 24 announcement.(News)
  by Bruno, Mark
• CSAM's recipe for U.S. revival; Credit Suisse money management arm uses parent's integration project to revive U.S. business after loss of clients, employees.(News)
• BlackRock's solution; The firm, which started developing a risk management system from its 1988 inception, offers a broad package.(News)
  by Crawford, Gregory
• DC plans offer fertile ground for transition managers.(News)
• Corrections/Clarifications.(Corrections)
• Insurer settles federal lawsuit over collusion.(News)
  by Anand, Vineeta
• Wall of Shame's valued lessons.(investment management firm. )(Editorial)
  by Clowes, Mike
• Lower returns put portable alpha in better light.(News)
  by Chernoff, Joel
• Reforming an industry; Proxy resolutions push independence of roles.(Other Views)
  by Wolf, Sister Patricia
• Making a marriage work; Managers deal with clashes between fundamental and quant researchers.(News)(survey on risk management)
  by Calio, Vince
• Streamlining claims.(securities class action lawsuits)
• Diverging methodologies: Indexes differ because of 'the stuff in the middle'.(Frontlines)(Brief Article)
  by Crawford, Gregory
• At Deadline; Records for Calif. funds.(Late News)
• Investing in sustainability: Starbucks, Calvert support Fair Trade.(Calvert Foundation )
• Nestle to leverage bond portfolio as part of massive plan revamp.(Nestle USA Inc.)
  by Chernoff, Joel
• Accruals, class actions linked? Criterion's theory.(Criterion Research Group management)(forecast of class action lawsuits on public companies)(Brief Article)
  by Calio, Vince
• Hancock is adopting 8 GMO funds; Grantham, Mayo gets bigger retail presence; insurer's profile is boosted.(News)(John Hancock Financial Services')
• Key departures from Credit Suisse.(News)(Brief Article)
• CalPERS: `reality check'; Avoiding future bouts of irrational exuberance is main objective.(Special Report: Risk Management)
  by Chernoff, Joel
• Capital Group working to get back on right track.(investments of Capital Group Companies Inc.)
  by O'Connor, Cecily
• No Small Plans; The new chief executive of Robeco Investment Management isn't playing it safe; he's set some aggressive targets for the rebranded firm, including almost doubling its assets under management over five years.(Face To Face)(William J. "B
  by Bruno, Mark
• Vanguard gives trend muscle; More firms likely to be adopting restrictions of their own on frequent trading, but their rules are likely to be less restrictive.(News)(new service from Vanguard Group Inc.)
  by Gottlieb, Jenna
• Baker explores ways to modify Reg NMS; Legislative change is unlikely, but a delay would be welcome, industry experts say.(News)(Richard Baker)(Regulation National Market System)
  by Crawford, Gregory
• Keeping busy: Olson publishes 2 books this year.(Frontlines)(Russell L. "Rusty'' Olson)(Brief Article)
  by Clowes, Mike
• Yield curve bruises StocksPLUS; PIMCO, others using short-duration bonds hit a rough patch.(News)
• International equity boom good news for Thornburg.(News)
  by O'Connor, Cecily
• Flanagan's hiring keeps AMVESCAP suitors at bay; But observers are watching to see what he can do to unite firm's disparate pieces.(News)(Martin L. Flanagan)
  by Appell, Douglas
• Fidelity takes top spots; Equity keeps pace with returns from 3 months back, while fixed income doubles gains from that period; No. 1 positions for both go to niche funds.(Special Report: Mutual Funds)(Fidelity Investments)
  by Appell, Douglas
• At Deadline; Citi-Legg pension transfer.(Late News)(Citigroup Asset Management)
• Managers report AUM gains in second quarter.(assets under management)(earnings of J.P. Morgan Chase and Co., State Street Global Advisors Inc. and Mellon Financial Corp. )
• Edging toward balance; P&I's review of annual reports shows Top 100 pension plans' funded status improves.(News)
  by Kozlowski, Rob
• Brave new world; `Spitzer risk' leads the financial services industry's potential new pitfalls - along with hedge funds, derivatives, accounting issues...(Special Report: Risk Management)
  by Calio, Vince
• Hirings; Charities Aid Foundation.(investment companies been hired)
• Changes Ahead.(public employee pension funds in different places)
• Arca may be winner in NYSE merger; A question of risk.(merger agreement between Archipelago Holdings Inc. and New York Stock Exchange Inc.)(Brief Article)
  by Crawford, Gregory
• New manager-of-managers firm focuses on emerging talent.(Chris Fong, Michael Lucas, Sue Williamson appointed at Leading Edge Investment Advisors)
• Trustees need fiduciary education; ERISA has no requirement for trustees' training, despite their oversight of trillions of dollars in assets.(Employee Retirement Income Security Act)
  by DuFour, Jeffrey
• New Mercer offering expands pool of hybrid plan design.(News)(new service from Mercer Human Resource Consulting)
  by Gottlieb, Jenna
• CPP Investment Board boosts real return assets; Officials plan to invest 10% of fund in real estate, 10% in infrastructure over 10 years.(News)
  by Jacobius, Arleen
• Oklahoma Firefighters picks 2 value managers.(Hirings)(Brief Article)
• Knight Vinke fund applies collective pressure by institutional shareholders.(Knight Vinke Asset Management LLC)
  by Payne, Beatrix
• Accountability in Indiana.(annual audit report of Indiana Public Employees' Retirement Fund)(Editorial)
  by Burr, Barry B.
• UVIMCO cuts its hedge fund target, but dollar allocation stays the same.(News)(University of Virginia Investment Management Co.)
  by Chernoff, Joel
• Low interest rates fuel underfunding; $164 billion in the red.(Frontlines)
• P&I receives awards for editorial, design.(News)(Pensions & Investments )(Brief Article)
• Site helps funds sort out conflicts; No finger-pointing.(www.stoppayinghiddenfees.com)(new web service from Bogdahn Consulting LLC)(Brief Article)
  by Burr, Barry B.
• U.S. managers get ready for Canadian boost in foreign holdings.(News)
  by O'Connor, Cecily
• Tools boost efficiency, but create problems.(News)(electronic trading in investment management firms)
  by Crawford, Gregory
• The Long Term; ING Investment Management, New York, is alive and well, despite questions from plan sponsors and money managers about how committed its parent, ING Group, is to the asset management business.(Face To Face)
• Investing in sustainability: Starbucks, Calvert support Fair Trade.(Frontlines)(Brief Article)
  by Williamson, Christine
• Senate bill abandons cash balance plans and airlines.(News)
• Serious business: 'Elliot Spritzer' strikes again.(Frontlines)
• Changes Ahead.(Ohio Public Employees Retirement System issued request for proposal)(Massachusetts. Turnpike Authority recruitment for manager)(Los Angeles County Employees' Retirement Association issued request for proposal)
• Thanks, Mr. Hevesi.(a class action lawsuit between Alan G. Hevesi and MCI Inc.)(Editorial)
• Hedge fund firms slow to join the party; Many managers that do have systems in place have had to build their own.(Special Report: Risk Management)
  by Williamson, Christine
• Hirings; Alabama State Treasury.
• 4.1 cents, on average: Trading commissions down and falling further.(Frontlines)(Brief Article)
  by Anand, Vineeta
• CalPERS' system adds a new level to risk reporting; Holdings-based analysis offers fuller picture of plan's portfolio.(California Public Employees' Retirement System)
  by Williamson, Christine
• CEOs clouding up over U.S. economy; Still positive overall.(survey)(Brief Article)
  by Burr, Barry B.
• Psst ... Wanna buy a mall in India? A company in China?(investments of the investment companies)
  by Jacobius, Arleen
• Better a seller than a buyer be: CalEast executives do something bold.(CalEast Industrial Investors L.L.C.)
  by Jacobius, Arleen
• Union fund officials lose some perks.(News)
• Report: Managers oversell skills, overcharge clients; Researcher claims a large part of most hedge fund returns can be easily replicated with passive exposures.(News)