Letters to the Editor
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Berens Capital's assets in hedge funds of funds
Berens Capital Management was not included in Pensions & Investments' Sept. 17 special report on hedge funds and hedge funds of funds. As of June 30, Berens Capital managed $1.2 billion in hedge funds-of-funds assets, which would put the firm in 52nd place in P&I's ranking. Of that total, 47% was
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Hedge assets of FRM mixed in with Man Group
Re: Pensions & Investments' Sept. 17 special report on hedge funds.The ranking of hedge funds of funds by assets under management listed Man Group hedge funds-of-funds assets as of June 30, and in a footnote stated the figure contained the assets of FRM. This is not correct. The acquisition of FRM
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P&I corporate funded status data misleading
Re: Pensions & Investments' report on plan-sponsor pension funding at http://researchcenter. pionline.com/rankings/plan-spon-sors/overview-fundedstatus.
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Waterfall Asset ranks among top hedge funds
Waterfall Asset Management LLC was not included in P&I's ranking of largest hedge funds, published Sept. 17.
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Benchmarking target-date funds
In regard to “Benchmarking "to' and "through' target-date funds,” the commentary by Philip Murphy, published Sept. 12 at PIonline.com:
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A better structure for performance fees
I'm writing in regard to Russell Kamp's July 9 article on performance-based fees.
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Drought shouldn't be made light of
I'm writing regarding the page-one headline in the July 23 Pensions & Investments issue, Drought devastation has sunny side for investors.
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True costs? There is no risk-free rate
It was not surprising that there was a rebuttal to the July 9 Other Views piece, “Moves to DC really about cutting retirees' benefits.” The disappointing aspect of the rebuttal (Other Views, “Better decisions by adding up true pension costs,” July 23) was the attempt to divert attention from the ...
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Tax hike, smart cuts are real answer
In response to the May 14, 2012, editorial “Preparing for austerity,” you seem to discount the effect raising taxes will have on the deficit and the amount of spending cuts needed to address the deficit.
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Moving ahead with say-on-pay
A Feb. 6 Pensions & Investments editorial, “Unease with say on pay,” noted that the United Kingdom is considering making the advisory vote its shareholders have on executive pay — say-on-pay — binding under some circumstances and concluded it would be a bad idea to do so in the United States.
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Iowa should be model for a time of changes
Recent data suggest a growing number of public employee retirements taking place across the United States. For example, the Wisconsin Retirement System points out that the number of public employees retiring in Wisconsin increased by 33.6% from 2010 to 2011.
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GM plan freeze and the retirement crisis
Unfortunately, the decision by General Motors Co. to freeze its plan marks another bad day for retirees in this country.
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Market should decide value of ratings
This is a response to “Proposals to reform credit-rating firms falling short,” an Other Views commentary in the Oct. 31 Pensions & Investments.
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PBGC woes not likely to change
Pensions & Investments' Dec. 12 editorial, “Strengthening PBGC,” looks at the trees but does not appear to see the forest.
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Identifying the wrong objective
We applaud the emphasis on risk in the Nov. 14 issue of Pensions & Investments. Not only is there an eight-page supplement titled “RISK” by three investment giants, there is a full-page advertisement announcing a forthcoming webinar on risk management and an editorial on risk oversight.
