Other Views

  1. A new cop at the SEC

    trueWith Mary Jo White now leading the Securities and Exchange Commission, senior executives of investment management firm and officials of fiduciary fund boards as well as compliance professionals alike should recognize the need to step up their game to avoid a potential run-in with the new cop on the ...

    Articles

  2. Arbitration threatens to wipe out shareholder rights

    trueA new movement would push companies to adopt provisions that could limit shareholders' ability to protect and enforce their rights in courtrooms across the country.

    Articles

  3. Flaws of adopting cost cutting in switching to DC plans

    trueThinking back to 2007 — before the financial crisis — public pension plans in the aggregate had nearly 90% of the assets on hand required to pay retirement benefits due decades in the future. However, like all investors, public pension funds took a deep hit when the financial markets melted down in ...

    Articles

  4. Misdirected impulse to shift from DB plans

    trueAlthough often assumed to save money, defined contribution plans are inefficient compared with defined benefit plans, which benefit from risk pooling, economies of scale and higher investment returns.

    Articles

  5. 2014 investment resolutions

    trueEvery market brings an opportunity to apply time-tested investment disciplines to a brand new fact set. Today, facts are substantially different than they were just a year ago.

    Articles

  6. Private equity's contribution to strengthening a pension fund

    trueThe strong performance of our private equity portfolio is helping us to strengthen the retirement security of our members and lower the cost to taxpayers and the city. That's a winning formula for everyone.

    Articles

  7. Transition cost not a bar to pension reform

    trueThere is a popular aphorism that “when you find yourself in a hole, the first step is to stop digging.” With respect to public employee pensions, a growing number of policymakers are contemplating following that advice.

    Articles

  8. Preventing the next financial crisis requires regulatory changes

    trueThe storm clouds of the next financial crisis are building and we must know where they are and how fast they are approaching. Our preparedness on all fronts must improve in 2014.

    Articles

  9. We're all activists now: unlocking the stewardship potential of investors

    trueThe application of suboptimal governance practices and the inadequate oversight of risk can have a significant toll on shareholder returns. The continued difficulties and challenges faced by a number of banking companies, for example, around the world are a timely reminder to investors of the ...

    Articles

  10. Not so fast in applying Detroit bankruptcy precedent — at least in California

    trueLest California cities in, or considering, bankruptcy get too euphoric over the mileage they might get from the Detroit ruling on public employee pension rights (“Detroit ruling reverberates with pension funds around country,” Pensions & Investments Dec. 9), a check under the hood might be useful.

    Articles

  11. With collateral a prized resource, margin analysis a key capacity

    trueIt has been more than three years since the G-20 made mandatory clearing of over-the-counter derivatives a priority. Implementation of clearing mandates has been arduous, but this year has marked a turning point. While the initial focus of derivatives participants will be on basic compliance, the ...

    Articles

  12. Is a 'good enough' 401(k) plan really good enough?

    trueI've come to observe that “good enough” is good enough for many companies. But will good enough cut it, given the rising chorus of criticism of the 401(k) system?

    Articles

  13. Defined benefit pension math still works

    trueLet us analyze the investment environment and the likelihood of achieving the goal of a 7% to 8% return on a pool of assets invested in a diversified manner over an extended investment horizon.

    Articles

  14. Watch for the signals on policy direction out of Washington

    trueWith the federal government reopened and the debt ceiling extended, it is not surprising markets have experienced a “relief rally” as investors cheer that the unthinkable — a default on U.S. debt — has been averted. Exhausted, if not disillusioned, by this most recent episode of political ...

    Articles