Opinion

  1. Loyalty rewards: A better fee structure for all

    trueHedge funds have not met pension plan clients' actuarial assumed rates of return.net of fees in the challenging zero-interest-rate policy environment, despite generally producing returns since the financial crisis that met investor expectations gross of fees. One outcome has been an outcry from ...

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  1. Putting a value on dollar appetite for U.S. pension executives

    trueCurrency markets have been very volatile in the past year, with the U.S. dollar exhibiting its strongest rally on a trade-weighted basis in over 10 years. For U.S. pension executives with substantial international investment portfolio exposures, the key question is whether this rally is in its ...

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  2. Opening up private equity fees

    truePrivate equity has come under renewed scrutiny over the issue of fees and transparency.

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  3. Plan sponsors must face up to Tibble ruling

    trueThe U.S. Supreme Court's decision in Glenn Tibble et al. vs. Edison International et al. could lead sponsors of defined contribution plans to take extreme actions ranging from cutting back on investment fund options to abandoning plans altogether to avoid litigation risk. Both extremes would be a ...

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  4. New best practice threshold for endowments, foundations

    trueA few decades ago, endowments and foundations were rarely in the public spotlight for reasons other than their core mission. Now, they are in the glare — a harsh one, sometimes — of regulators, watchdogs, media and constituents.

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  5. Releasing the third arrow

    trueRatification of the Trans Pacific Partnership will present sustained opportunities for foreign asset managers to capitalize on a resurgent Japan.

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  6. Responsible investing: In growth markets, it's common sense

    trueTo judge from various surveys, private equity funds and limited partners increasingly agree that environmental, social and governance considerations are a crucial component of their investment process and practices. To borrow from the title of a recent PricewaterhouseCoopers study, however, fund ...

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  7. Institutional investors should heed the pope's call to protect the environment

    truePope Francis has crafted a compelling message in his encyclical on climate change and economic inequality. With Catholics representing 17% of the world's population — 21% in the United States — and Catholic values expressed through large institutional investment portfolios worldwide, even ...

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  8. Disrupting DC plan status quo

    trueThe success of the Illinois State Board of Investment's recent re-enrollment program ought to encourage other defined contribution plan sponsors — public or corporate — to embrace such a move or at least consider it, especially for plans with concentrated allocations, including company stock.

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  9. An asset owner's challenge to private equity managers

    trueThe City of Milwaukee Employes' Retirement System believes it is in the best interest of everyone involved in the private equity industry for private equity managers to stop claiming that fees, expenses, internal controls and subscription documents are confidential information.

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  10. Technology outsourcing without giving away the farm

    trueHow is it possible to introduce a myriad of new operational and compliance-related spending to the overall organizational structure in response to the changing regulatory environment, while at the same time reducing expenses and costs?

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  11. It's time to bust the myth that assumptions drive pension costs

    trueThere’s a lot of talk these days about public pension plans, the size of their unfunded liabilities and the level of their costs. It’s appropriate that policymakers and policy influencers focus their attention on, “What to do?”

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  12. Defying economic reality

    trueUpdated with correction

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  13. Tibble ruling impact on target-date monitoring

    trueAll 401(k) fiduciaries should be asking themselves a question now that the U.S. Supreme Court's Tibble et al. vs. Edison International decision has made it perfectly clear that no investment option, regardless of how prudently it was chosen, can be set on autopilot and forgotten.

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