Letters to the Editor

  1. Fed a distraction from headwinds of debt, demographic challenges

    trueQuantitative easing can't go on forever.

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  2. The people behind the creation of the adjustable pension plan

    trueA front-page article in your April 29 issue was published featuring the “adjustable pension plan,” which Cheiron has been working on in concert with other professionals. The article stated, more than one time, that I was the person who conceived the adjustable pension plan concept. That is not the ...

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  3. Solving a looming threat of 401(k) loan defaults

    true“A looming threat employers face from 401(k) plan loan defaults,” Other Views, May 13:

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  4. Flaws in 'monkey business' study

    trueRE: “Monkey Business. Here's another way to build equity indexes,” Frontlines, April 15.

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  5. Disclosure of processing errors of plans not enough

    trueSurprisingly, in the settlement with ING announced in your Feb. 4 article, “ING pays $5.7 million in settlement over trading policy disclosure,” by Hazel Bradford, the Department of Labor regarded profits from 401(k) service provider processing errors as additional compensation which ING had a duty ...

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  6. S&P promotes ratings transparency

    trueWhile Standard & Poor's agrees that investors should consider a variety of factors, including their own analysis, and not make decisions solely based on credit ratings (“Credit-rating downgrade,” Feb. 18), we strongly disagree with the suggestion that S&P's ratings are or were influenced by ...

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  7. Divesting and still meeting fiduciary duty

    trueIn your Jan. 21 editorial, “Misdirected Furor,” criticizing the so-called rush to firearms divestment on the part of institutional investors, I found it curious that the two institutions cited as bucking the trend about private equity — the University of Notre Dame and the General Board of Pension ...

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  8. Some hopeful development in long/short attribution analysis

    trueI found Alexandre Voitenok and Rui Tang's Portfolio Management article (“Why long/short attribution is difficult,” Nov. 26) quite interesting. I agree with their suggestion that attribution for a long/short portfolio is more complex than against a long-only portfolio. However, there is hope to ...

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  9. Full audits of plans add substantial costs

    trueYou are quite correct when you say mandating standard audits in place of limited-scope audits of certain retirement plans will add to plan sponsor costs (“Time to expand audits,” Editorial, Jan. 7). You are quite wrong when you say these are “necessary” costs.

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  10. DC plan initiative presents a visionary pooled approach

    trueI would like to point to a typo in your editorial titled “No need for new DC plan” in the Nov. 26 issue of Pensions & Investments. The word “No” was inadvertently added to the header I am sure you intended it to read: “Need for new DC plan.” Your editorial makes clear why P&I should be supporting ...

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  11. More transparency would benefit public plans

    trueIn his Jan. 21 “Other Views” commentary, “Misinformation adds to public plan woes,” Keith Brainard accuses us of either “negligence or fraud.” Why?

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  12. Nothing more irresponsible than investing in weapons

    trueRe: “Misdirected furor,” editorial Jan. 21:

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  13. Fiduciaries best served by RFP search process

    trueThe Nov. 26 special report article, “A shift toward streamlining,” was very ably answered by Christopher Tobe (Letters to the Editor, “RFPs needed to prevent corruption,” Dec. 10). I'd like to add the larger issue of fiduciary responsibility to this discussion.

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  14. In attribution, you can't benchmark shorts

    trueThe article “Why long/short attribution is difficult” (Nov. 26, Portfolio Management) asserts that long-short attribution is virtually impossible because of the vagaries of short investing.

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