Letters to the Editor

  1. 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 ...

    Articles

  2. 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 ...

    Articles

  3. 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 ...

    Articles

  4. 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.

    Articles

  5. 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 ...

    Articles

  6. 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?

    Articles

  7. Nothing more irresponsible than investing in weapons

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

    Articles

  8. 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.

    Articles

  9. 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.

    Articles

  10. To prevent corruption, count on principled people, not RFPs

    trueIn response to the Dec. 10 letter to the editor, “RFPs needed to prevent corruption,” which addressed a Nov. 26 article, “A shift toward streamlining: Firms providing more manager information as public plans move away from traditional RFPs”

    Articles

  11. Low 5.5% rate fitted to underlying promises

    trueRegarding Pensions & Investments' Dec. 10 “At Deadline” news item, “Return assumption to 5.5%” in reference to the Pennsylvania Municipal Retirement System:

    Articles

  12. RFPs needed to prevent corruption

    trueThe Nov. 26 Pensions & Investments page 15 article, “A shift toward streamlining: Firms providing more manager information as public plans move away from traditional RFPs.” forgets that public pensions need to be run for the benefit of taxpayers and beneficiaries, not for the convenience and/or ...

    Articles

  13. Ranking DRA's real estate assets

    trueIn Pensions & Investments' Oct. 15 real estate special report, DRA Advisors was not included in your listing of the largest real estate value-added managers. With $2.77 billion in value-added assets, we should have placed fifth on your list.

    Articles

  14. Berens Capital's assets in hedge funds of funds

    trueBerens 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 ...

    Articles