Other Views

  1. 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.

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  2. 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?

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  3. 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.

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  4. 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 ...

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  5. Fiduciary duty waivers of LPs may expose sponsors

    trueWaivers of fiduciary duty have gone to extremes in recent limited partnership agreements.

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  6. Easing trading risks from market fragmentation and tech arms race

    trueThe August interruption in Nasdaq service is merely the latest example of the increasing instability of the U.S. equity market.

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  7. Asset managers, foreign investors and the FCPA

    trueWith assets totaling trillions of dollars, non-U.S. asset owners, including foreign pension plans and sovereign wealth funds, are fertile ground for investment managers to increase their assets under management. But they could also create unexpected and unwanted exposure to regulatory scrutiny.

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  8. Washington's prolonged saga and the market's reaction

    trueAside from expressing fatigue with the brinksmanship in Washington, investors are also asking what to make of the current situation in D.C. — and importantly what it means for portfolios.

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  9. Congress must act to save multiemployer pension plans

    trueRetirement security for millions of skilled American workers is at stake without Congress taking action to shore up multiemployer pension plans.

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  10. Pension funding relief is tempting but the price may be too high in the long run

    trueAre plan sponsors of defined benefit plans better off under the new contribution rules of MAP-21?

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  11. Derivatives tax proposal could have dire consequences

    trueA draft proposal in Congress to change the taxation of financial products could affect pension funds and other tax-exempt institutional investors.

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  12. Shock awaits unprepared, thanks to Dodd-Frank

    trueOn Sept. 9, some $2 trillion in corporate defined benefit pension plan assets, affecting approximately 20 million plan participants, will be subject to new regulations under the Dodd-Frank Wall Street Reform and Consumer Protection Act. Yet many plan sponsors are either ill-prepared or worse yet ...

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  13. Roadmap for driving in constitutional hazard of Detroit's pension obligations

    trueParticipants in the Detroit bankruptcy are engaged in the legal and metaphysical question of whether a state constitutional provision can mandate that, unlike other contracts, unfunded pension obligations must be paid in a municipal bankruptcy without any impairment or reduction. Unfortunately, ...

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  14. Some things to keep in mind while navigating volatile waters

    trueFor much of the year, until mid-May, it felt a lot like we were back in 2006 — with most developed equity markets hitting record highs, bond yields plumbing along the bottom of secular lows, credit spreads near historically tight levels and volatility measures again near lows.

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