Most of the country’s largest pension plans hire consultants to help them pick winning managers. They assume, of course, doing so will lead to better results. Evidence to validate this assumption has been unavailable, until now.
Bill Gross’ exit as manager of the PIMCO Total Return fund has caused retirement plan sponsors and consultants to head for the exits. What are retirement plan participants to do? The Oregonian’s Brent Hunsberger helps investors weigh their options.
A total return approach to generating portfolio cash flow helps balance risk and return, enabling a portfolio to meet retirees’ long-term spending needs.
A lawsuit brought against 401(k) plan giant Fidelity by its own employees underscores—yet again—the importance of minimizing investment costs.
US public employee pension funds waste billions of dollars paying fees to investment managers on Wall Street when they could save money and make better returns if they used low-cost index funds.