Rogue pension investing overseas

Article Abstract:

Increased vigilance in the investment of US pension assets overseas is being called for after the Morgan Grenfell investment management firm experienced a rogue-trader scandal. Rogue scandals involving pension assets are on th increase as US pension assets invested abroad continues growing. A lack of internal controls on foreign investments and doubt over the efficiency of sub-advisors has exacerbated the situation. Before turning assets over to a firm, treasurers must ask about the kinds of controls and audits, check how much of the pension assets go into certain types of investments and establish what type of trades are allowed.

Commercial Banks, Investment Banking and Securities Dealing, Portfolio & Funds Management, Foreign investments, Finance, Portfolio management, Practice, Financial planners

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Keeping an eye on style

Article Abstract:

The multi-million dollar Internet networking firm, Concentric Network of Cupertino, California, has contracted Pan-American Retirement and Investment Services to manage its $1 million 401(k) retirement plan. The technology firm was impressed by Pan-American's program which pledges to inform investors about digressions from investment goals or 'style drift.' Concentric administrator Pete Bergeron believes that efficient monitoring of employee funds is essential to ensure investment performance.

On-Line Information Services, Database Vendors, Information retrieval services, Database industry, Financial services industry, Financial services, Services, Compensation and benefits, Retirement planning, Concentric Network Corp., Pan American Retirement and Investment Services

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Emerging markets' slippery slope

Article Abstract:

The Asian currency turmoil demonstrates that overexposure to emerging markets may be devastating for pension funds. Worldwide pension fund investment in emerging markets have grown from 6.7% in 192 to 11.4% in 1996 and the experience of some pension fund managers reveals that not all were prudent in investing. Volatility, information quality and quantity, liquidity, accounting standards and added costs all make investment in these markets all riskier.

Pension Fund Management, Methods, Investments, Developing countries, Financial management

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