Opinion

  1. Ruble, Ruble, Oil and Trouble

    trueIt's natural to wonder if, like the three witches in Macbeth, the year's events are harbingers for additional strife and trouble. However, if one were to heed the negative headlines and "pack it in" for 2015, one is likely to miss the opportunities that currently present themselves as fear ...

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  1. 9 New Year's resolutions for investors

    trueHirtle Callaghan's CEO finds analogies between the current momentum-driven market with the dot-com market of 2000 and offers nine investment resolutions for the year.

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  2. Derisking retirement with a federal longevity agency

    trueThe time has come to set up a federal longevity insurance administration.

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  3. A blueprint for making the 'smartest beta' portfolio

    trueThere is a debate as to whether changing the weight methodology of a market index is really active management or an alpha strategy, rather than a beta strategy or discipline.

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  4. Be aware of your assumptions

    trueSince 2009, investors and markets have been highly sensitive to risk — and markets have offered high risk premiums. As these risks have gradually diminished, all asset classes have benefited. Equities have risen, bonds have rallied and, generally speaking, long-only investors have benefited. ...

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  5. Promise now, pay later

    trueWhen a California judge ruled in October that the city of Stockton could exit bankruptcy protection without cutting its public-sector retirement obligations, the decision drew the ire of creditors and highlighted the outsized role public pensions play in municipal finance.

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  6. The SEC's "broken windows' strategy is misguided

    trueThe Securities and Exchange Commission is unfortunately pursuing a fundamentally flawed strategy to police the capital markets and protect investors.

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  7. The coming crunch for pension plans: Derisking despite supply, low-rate issues

    trueMany U.S. corporate defined benefit plans have engaged in strategies to narrow the mismatch between the interest rate sensitivity of their assets and liabilities. However, executives of many plans are waiting to take action. We believe three factors will conspire to put pressure on them.

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  8. Everyone is focusing on the wrong goal in retirement planning

    trueRobert C. Merton, 1997 Nobel laureate, wrote in the July-August issue of Harvard Business Review: “The seeds of an investment crisis have been sown. The only way to avoid a catastrophe is for plan participants, professionals and regulators to shift the mindset and metrics from asset value to ...

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  9. Glidepath evaluation: Moving past 'to vs. through'

    trueGiven the complexities associated with target-date funds' many moving parts, the growing number of distinct approaches and the need to look beyond the record keeper's proprietary offering, choosing the right suite of TDFs can be a daunting responsibility.

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  10. Fiduciary concerns, complexities with the SEC's pay-to-play rule

    trueThe Securities and Exchange Commission's recent announcement of its first enforcement action under the “pay-to-play” rule it adopted in 2010 demands the attention of those responsible for governmental retirement plans to understand the regulation and its implications in order to secure the maximum ...

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  11. Taking a more proactive approach to socially responsible investing

    trueMany non-profit organizations with growing endowments and foundation investments pools can use SRI to make impactful contributions to their mission and work.

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  12. Creating a culture of retirement savers

    trueIt is clear that our country's savings culture — and the systems that support it — need a significant reboot.

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  13. Target-date fund outcomes expose fiduciaries to risk

    trueTDFs are often black boxes, so many fiduciaries don't realize they do not have a rigorous conceptual basis — as demonstrated by the dramatic variation in the returns and asset allocations of funds with the same target date.

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