October 22, 2014
2014 has not been a strong year so far for corporate pension plan funding, with a large part of 2013’s gains given back: our representative plan hit 88% funded at the end of 2013, but ended September at 84.2%.
By Bob CollieOctober 15, 2014
While the details of recent changes to IRS segment rates for pension plan funding are complicated, their impact is not: corporations will be allowed to put less money into their defined benefit pension plans for the next few years if they choose.
By Bob CollieOctober 7, 2014
Behavioral finance should be a part of every investor’s education. Understanding how widespread are traits such as overconfidence, hindsight bias, and frame dependence is helpful if we are to avoid their traps.
By Bob CollieSeptember 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.