Editorials

  1. Bullies and DB plans

    The American Federation of Teachers has generated a lot of heat but not much light in naming investment managers purportedly opposed to defined benefit plans.

    Articles

  1. Embracing Canada's idea

    The Canadian federal government's new proposed budget has a constructive idea pension funds and other fiduciary institutions should consider for strengthening their governance structure.

    Articles

  2. Suing about say on pay

    Say on pay is becoming “sue on pay” at some companies. In the past year, shareholders have initiated litigation against Apple Inc., Microsoft Corp., Brocade Communications Systems Inc. and Symantec Corp., among other companies, assailing their executive pay disclosure. Such shareholder lawsuits

    Articles

  3. Not a way to end abuses

    The proposed U.S. transaction tax leads investors on a path that in other markets has created distortions in trading, liquidity and costs, while achieving none of the hoped-for objectives in mitigating volatility, high-frequency speculation and systemic risk.

    Articles

  4. Building a better index

    Private equity has become mainstream in the asset allocations of pension funds and other asset owners, but in one important way it is still a frontier market.

    Articles

  5. Credit-rating downgrade

    The Justice Department's accusations of fraud against Standard & Poor's Financial Services LLC in issuing credit ratings on mortgage-related securities should draw attention to the investment practices of pension funds and other institutional investors that invested billions of dollars in the ...

    Articles

  6. Private equity enforcement

    Excerpt from remarks by Bruce Karpati, chief of the Securities and Exchange Commission Enforcement Division's Asset Management Unit, speaking Jan. 23 at the Private Equity International Conference in New York.

    Articles

  7. Endless funding relief

    For several years there has been a clash between the low interest rates generated by the Federal Reserve to stimulate the economy and the resulting rising pension contribution levels that have absorbed corporate cash.

    Articles

  8. Misdirected furor

    The sorrow and anger over the killings of students and teachers in Newtown, Conn., have provoked an understandable impulse by pension fund executives and other institutional investors to do something to help stop gun violence.

    Articles

  9. Time to expand audits

    Once Congress gets past the fiscal cliff and takes steps to solve the country's long-term debt problem, it should turn its attention to strengthening the integrity of both defined benefit and defined contribution retirement plans.

    Articles

  10. An impulse to help

    Can a pension fund serve two masters? New York City Teachers' Retirement System will try.

    Articles

  11. A bigger pension fund is better

    Across North America, states and provinces should consolidate thousands of smaller public pension plans, which often are run inefficiently because of insufficient resources for effective investment management.

    Articles

  12. No need for new DC plan

    Sen. Tom Harkin, D-Iowa, proposes to improve pension coverage and retirement security by building a chair. That is, he would add a fourth leg to the shaky proverbial three-legged stool that defines the current retirement system to shore it up.

    Articles

  13. Sandy trumps the market

    The New York Stock Exchange made the right call to close for two days in the face of the devastating fury of Hurricane Sandy.

    Articles

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