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  1. Momentum building on climate risk

    trueCorporate, fiduciary trust and securities laws are emerging as critical drivers of action on climate change by asset owners and other institutional investors.

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  1. FX scandal's lessons for asset owners

    trueThe forex manipulation scandal involving major global banks demonstrates that at their core, currency conversions are significant drivers of value that must be carefully managed.

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  2. 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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  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. 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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  6. 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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  7. 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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  8. The divesting puzzle: perception and reality

    trueWith 40-some odd years of involvement with public employee retirement institutional investing behind me (with some years seeming more odd than others), I continue to be puzzled by divesting initiatives.

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  9. Knowing the difference between 2 facets of the fiduciary standard

    truePresident Barack Obama's remarks on Feb. 23 about the Department of Labor's re-proposed fiduciary standard are an excellent illustration of the two faces of a fiduciary standard. On the one hand, Mr. Obama singled out great advisers who are doing the right thing for their clients. He then changed ...

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  10. Reports of private equity's death are greatly exaggerated

    trueWith so much going on in the markets — quantitative easing abroad, continuing calls for belt-tightening here, the kickoff to the presidential sweepstakes, a rising dollar, the collapse in oil prices — perhaps it's not surprising some pundits are proclaiming the death of private equity as an asset ...

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  11. Monetary policy: It's all relative

    trueWe have each separately made the case that asset pricing theory and investment practice for funding retirement should focus on how much income the member has in retirement instead of the amount of wealth at retirement. This applies whether the pension benefit is generated by a defined benefit plan ...

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  12. Chicago: A model city for bridging the financial education gap

    trueIn Chicago, we are doubling down on bridging the financial education gap from the classroom to the kitchen table.

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  13. Global hunt for offshore tax cheats

    trueToday, many financial institution executives and foreign governments might soon start feeling much the same way about the rising tide of FATCA — the U.S. Foreign Account Tax Compliance Act — which is finally reaching their shores after its initial enactment in 2010.

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