Editorials
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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.
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Taxing pensions and 401(k)s
President Barack Obama's federal budget proposal to restrict accumulations in retirement programs would, if enacted, affect in a direct way only a very few participants, but would undermine the pension system and hurt all participants in it.
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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.
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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
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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.
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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.
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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 ...
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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.
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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.
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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.
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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.
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An impulse to help
Can a pension fund serve two masters? New York City Teachers' Retirement System will try.
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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.
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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.
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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.














