Letters to the Editor

  1. SFERS CIO has failed to make a credible case for hedge funds

    trueThis letter responds to Pensions & Investments' article entitled “San Francisco CIO proposes major asset allocation overhaul” (P&I Daily, May 22), which reported that San Francisco Employees' Retirement System's new chief investment officer proposed that the fund invest 15% of its assets ($3 ...

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  2. SOA ideas not a pathway to stronger public plans

    trueThe National Conference on Public Employee Retirement Systems couldn't disagree more strongly with Pensions & Investments' conclusion that public pension plans should adopt the recent recommendations of an ad hoc panel of the Society of Actuaries (Editorial, “A pathway to stronger plans,” March 3).

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  3. Not chasing market or peers

    trueIn response to the Pension & Investments' Feb. 3, page 3 article by Arleen Jacobius, “San Diego County hit by performance blip”:

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  4. SDCERA meeting goals: steady gains, curbing risk

    trueThe article about the San Diego County Employees' Retirement Association performance return is a classic example of there being no “there there” in an article (Pensions & Investments, “San Diego County hit by performance blip,” page 3, Feb. 3).

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  5. "Upside potential ratio,' and not Sortino ratio, is the proper focus

    trueIn regard to Brian M. Rom's letter to the editor in the Jan. 6 issue of Pensions & Investments on the importance of the Sortino ratio in investment-performance measurement:

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  6. Concerns about HMA acquisition of CHS

    trueThe decision by Health Management Associates shareholders to approve a purchase offer by Community Health Systems should have surprised no one (P&I Daily, Jan. 8, and Pensions & Investments, Dec. 6). It certainly came as no surprise to the American Federation of Teachers.

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  7. Challenges of delegating fiduciary management

    trueYour July 22 editorial is a useful contribution to the topic of outsourcing investment management, a technique which is relatively new in the U.S. but which has been employed more widely in Europe.

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  8. Sortino ratio, downside-risk optimization widely used tools

    trueThere was an important omission from your extensive article on significant developments in our industry over the 40 years P&I has been publishing (“Witness of a revolution,” Pensions & Investments, Oct. 14).

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  9. The failure of investment consulting

    trueRe: “Papers question worth of consultants,” Pensions & Investments, page 2, Sept. 30.

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  10. Errors, wrong impressions found in story

    trueThe Sept. 2 Pension & Investments article on page 2 relating to the Arizona Public Safety Personnel Retirement System's real estate values contained a number of errors and created some misimpressions which we wish to correct.

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  11. Fee description in story not accurate

    trueIn your July 19 issue of P&I Daily, the article dealing with the Arizona Public Safety Personnel Retirement System focused in part on fees paid to a PSPRS property manager, the Desert Troon Cos., which is managing a large portfolio of residential, commercial and retail properties that PSPRS ...

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

    trueQuantitative easing can't go on forever.

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  13. Understanding pension buyout risk of plans, sponsors

    trueCiting a J.P. Morgan Asset Management report, this article suggests that purchasing a pension buyout might increase risk for the plan and its sponsor. Unless Pensions & Investments readers understand how the terms “buyout” and “risk” are used in the context of JPMAM's report, its conclusions may ...

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  14. 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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