September 25, 2014
Motorola recently announced the largest pension risk transfer transaction since 2012, and the third-largest ever, trumped only by GM’s and Verizon’s blockbuster deals. It’s unlikely to be the last big deal of the year.
By Bob CollieSeptember 24, 2014
Over the past five years, active share has become a popular way to gauge just how active an equity manager is in running a portfolio. It’s a useful measure, but it has its pitfalls.
By Bob CollieSeptember 17, 2014
We’ve been hearing for years about the closer integration of the world’s economies and markets. Companies operate seamlessly across borders; location of headquarters and stock listing are increasingly matters of choice; investors think globally. Yet some features of individual markets remain. Last week, James Barber (Russell’s Chief Investment Officer – Equities) was presenting to the
By Bob CollieSeptember 10, 2014
Most investors are familiar with mean reversion, the idea that extremes tend not to persist, and that outstandingly good (or bad) performance tends back toward the average in time.
By Bob CollieSeptember 2, 2014
I have a rule: I never require myself to answer hypothetical questions. At the end of the day, they’re just hypothetical and the answers don’t count for a thing.
By Bob CollieAugust 25, 2014
Most readers of this blog are, I hope, familiar with the concept of the forward curve . The forward curve is the bond market’s version of the principle that what matters when you take an investment position is not so much what you expect to happen, but rather what you expect to happen relative to what is already priced in to the market.
By Bob CollieAugust 20, 2014
For fiduciaries of Employee Stock Ownership Plans (ESOPs) – or of 401(k) plans that offer a company stock option – stock drop lawsuits have been a source of worry for years.