Pensions & Investments

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Articles in December, 2005 issue of Pensions & Investments

• Good times forecast for securities lending; M&As, IPOs among reasons for optimism that revenue will remain strong in 2006.(News)(Initial public offerings)(mergers and acquistions)
  by Crawford, Gregory
• American invasion; U.S. managers use some innovative strategies to make inroads in Britain.(News)
  by Hua, Thao
• Illinois State Universities adds to funds.(Illinois State Universities Retirement System)(Brief Article)
• News Briefs: PBGC bailout bill likely dead in House until next spring.(Briefs)(Pension Benefit Guaranty Corp.)(Caterpillar Inc. contributes $530 million to its U.S. pension master trust)(FirstEnergy Corp. to contribute up to $600 million to unit plans)
• World Briefs: U.K. Pensions Commission proposes national DC plan.(Briefs)(defined contribution plan)
• At Deadline; New CalPERS categories.(Late News)
• Hirings; Arkitekternas Pensionskassa.(Arkitekternas Pensionskassa )
• Investors win in battle with AIG; In rare turn, limited partners get OK to exit fund without paying a heavy price.(News)
• News Briefs: Illinois Teachers adjusts domestic equities, drops 2.(Briefs)
• Ready to grow; Ronald P. O'Hanley believes Mellon Financial, with its `multiboutique' structure, is positioned to be a hunter, rather than prey, as a decade of consolidation in the financial services industry looms.(Mellon Financial Corp)(Company Profile)
• Warm welcome expected for new fixed-income shop.(News)
  by Appell, Douglas
• Investing in NYSE a mixed bag; Activists high on shares, others not.(News)
• Glocap's fund-of-fund offering to have only single layer of fees.(News)
  by Williamson, Christine
• Adverse conditions: And beware of venomous camel spiders.(Frontlines)(Brief Article)
  by Bruno, Mark
• Members' choice: U.K. to export a democratic idea.(Frontlines)(Investit Ltd)
  by Hua, Thao
• Battaglia named publisher of P&I.(News)(Christopher J. Battaglia )(Pensions & Investments)(Brief Article)
• People; CalPERS selects Fiderion in search for system's new CIO.(California. Public Employees' Retirement System)(Michael McCaffery resigns from Stanford Management Co.)(appointment of Henry Johnson at Fiduciary Trust Co.)
• Changes Ahead.(Briefs)
• The silver lining: 25-30 years of lousy weather.(Frontlines)(Brief Article)
  by Gripshover, Jon
• Investment banks horning in; Brokerage units hope to benefit from pitching complex solutions, such as derivatives, to reduce corporate pension fund liabilities.(News)
  by Calio, Vince
• Alpha plus beta equals a good combination.(Portfolio Management)
  by Ferrell, William G.
• Indexes aid exodus from Sudan; Responding to a new Illinois law, Northern Trust develops funds that screen out holdings in troubled country for state pension plans.(News)
  by O'Connor, Cecily
• O tannenbaum: CSFB assists with critical decision.(Credit Suisse First Boston)
  by Anand, Vineeta
• Databook Contents.(News)
• Aberdeen bulks up newly acquired fixed-income unit for global push.(News)(Aberdeen Asset Management PLC)
  by Bruno, Mark
• Louisiana Teachers saves $40 million on transition.(Teachers' Retirement System of Louisiana)
  by Crawford, Gregory
• Managers' stock price jump shows industry rebound; Taint of scandals subsides as 20 top firms return average 30% so far this year.(News)
  by Bruno, Mark
• Alternatives: Rockpoint Group shutters 2nd fund at $1.7 billion.(News)
• Jackson says Ohio Workers Comp manager terminations are unfair.(News)(Ohio Bureau of Workers Compensation fund)
  by Calio, Vince
• Bill provides hope for hedge funds looking to tap more pension cash.(News)
• Time for a change.(Editorial)(New York Stock Exchange Inc.)
• Verizon and crisis in pay.(Editorial)
• Europe has a keen eye for `alternative alternatives'.(News)
  by Gripshover, Jon
• SEC ends one probe, starts another; Agency shifts focus from consultants to fund proxy voting.(News)
  by Anand, Vineeta
• Local jobs: Investment not exactly pedestrian.(Frontlines)
  by Crawford, Greg
• People: Jacklin to become Mellon Capital CEO by year's end.(appointments)
• Thomas charts new growth for MSIM.(News)(Owen Thomas appointed at Morgan Stanley Investment Management)
  by Bruno, Mark
• GE loyal to asset unit as other firms divest; Investment management business putting more effort into attracting outside clients.(News)(GE Asset Management Inc.)
  by Appell, Douglas
• 2005 Databook.(Pensions and Investments)
• M&A Briefs: Legg Mason wraps up acquisition of Citigroup Asset.(Briefs)
• PBGC takes over 2 Falcon Products plans.(Briefs)(Brief Article)
• $200 billion; CalPERS hits new landmark, doubles fund's assets in less than one decade.(California. Public Employees' Retirement System)
  by Crawford, Gregory
• Morningstar to acquire Ibbotson.(News)(Brief Article)
  by Williamson, Christine
• BIRD MAN; Goldman Sachs CEO has a natural passion for conservancy.(News)
• Morgan Stanley to emphasize alternatives; Global investor group decentralized.(News)
  by Bruno, Mark
• Sudan divesting reflects proper role of legislature.(Other Views)
• Business booming for Vanguard's European division.(News)
  by Hua, Thao
• Property transactions moving at breakneck pace in '05; Third-quarter deals combine for more than $62.8 billion.(News)
  by Jacobius, Arleen
• Changes Ahead.(Briefs)
• 2005 looking like a record year for emerging market managers.(News)
  by O'Connor, Cecily
• New Unilever multicountry asset pooling strategy debuts.(News)(Brief Article)
• Lessons of activism.(Editorial)(Cintas Corp.)
  by Burr, Barry B.
• Law moving too slow.(Editorial)
• Hedge Briefs: Henderson Global introduces new European hedge funds.(Briefs)
• Cash-flow trades only, please; Firm helps mutual funds with transaction costs by taking opposite side of trades done for non-asset-management reasons.(News)
  by Crawford, Gregory
• Commodity futures' hot streak could stall.(News)
  by Chernoff, Joel
• U.S. companies to see 2.9% cash investment return in '05.(News)
• Callan gains business despite industry probe; Firm gains net 15 new plan sponsor clients, acknowledges 'informal' talks with SEC.(News)(Callan Associates Inc.)
  by O'Connor, Cecily
• Lifecycle funds increasingly embrace REITs.(News)(Real estate investment trusts)
  by Gottlieb, Jenna
• GLOBAL JOURNEY; Richard H. Frank is used to taking the path less traveled. What began as a stint in the `peace corps of finance' ended up a career, the latest phase of which sees Darby Overseas expanding beyond Latin America.(Face To Face)
  by Jacobius, Arleen
• Bridgewater closes all but 3 funds; Dalio says firm will put emphasis on its portable alpha approach.(News)
  by Williamson, Christine
• CalPERS does 180-degree turn; Portfolio could go to $6.5 billion; revamp shifts focus from long-short equity.(News)
  by Williamson, Christine
• Hirings; CalSTRS.(California. State Teachers' Retirement System)
• At Deadline; Tulane seeks fee waiver.(Late News)
• Verizon move seen as new blow to DB funds; Freezing pension plan, bolstering 401(k) expected to save $3 billion in 10 years.(News)( Verizon Communications Inc.)(defined benefit plans)
  by Gottlieb, Jenna
• Clipper Fund chooses Davis as new adviser; Move seen as rare show of independence.(News)
• New regs increase pace of Dutch fund mergers.(News)
  by Hua, Thao
• Baby boom market myth; Expectation of severe demographic pressure on stocks is questionable.(Other Views)
  by Ezrati, Milton
• Have mercy: Socially conscious last-minute giving.(Frontlines)
  by williamson, Christine
• CalSTRS Commits to California Growth Funds.(Hirings)(Brief Article)