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Cover Stories

Profits, Politics and the Ruin of Fannie & Freddie

Profits, Politics and the Ruin of Fannie & Freddie

Wed, Mar 30, 2011

Here is the first of three excerpts from "Guaranteed to Fail: Fannie Mae, Freddie Mac and the Debacle of Mortgage Finance," the compact, illuminating new book by four NYU Stern School of Business professors about the fatally flawed structure of the GSEs.

RIIA 'Gets' Open Architecture

by Kerry Pechter

RIIA 'Gets' Open Architecture

Wed, Mar 23, 2011

Few organizations seem to understand the ascendancy of "open architecture" better than the Retirement Income Industry Association, whose mantra is "the view across the silos." Here's a report on its Spring Conference, held this week.

Take the ‘Gauss’ Work Out of Saving

by Kerry Pechter

Take the ‘Gauss’ Work Out of Saving

Tue, Mar 15, 2011

Using "non-Gaussian" analysis, Jim Otar has created a benchmark for evaluating retirement savings vehicles--and discovered that cautious savers might want to hold fewer equities.

Morningstar’s ‘Secret Sauce’

by Kerry Pechter

Morningstar’s ‘Secret Sauce’

Wed, Mar 09, 2011

Speaking at the 2011 Morningstar/Ibbotson Conference in Orlando, Roger Ibbotson (above) described low-liquidity as a largely unrecognized source of alpha in stocks and mutual funds.

The Decumulation Beat

Did Income Inequality Cause the Crisis?

Did Income Inequality Cause the Crisis?

Those with surplus money naturally lend to those who need money. But, as two IMF experts show, disaster can occur when too much money is lent for consumption and the process goes on too long.

News

Morningstar gives just six fund families an “A” for stewardship

Wed, Mar 30, 2011

The results of Morningstar's 2011 Mutual Fund Stewardship Grade Research Study are in.

Corporate pension funded status improved by $12.4 billion in 2011: Milliman

Wed, Mar 30, 2011

Last August, falling interest rates drove up the projected benefit obligation and resulted in a record deficit for the 11-year history of the Milliman Pension Funding Study.

Events that may interest you

Wed, Mar 30, 2011

The Retirement Industry Conference is coming up soon, to be followed by several other events that RIJ readers might want to attend.

Vanguard announces active, multi-manager emerging markets equity fund

Wed, Mar 30, 2011

The Vanguard Emerging Markets Select Stock Fund is expected to have an expense ratio of 0.95%, a $3,000 minimum and a 2% redemption fee on shares held less than 60 days.

State pension reform may undermine Britain’s DB plans

Wed, Mar 30, 2011

Britain's plan to simplify the state pension to a single-tier plan could hurt private DB plans by ending "contracting-out," the practice of substituting contributions to a private plan for contributions to the second state plan.

The Bucket

Tue, Mar 29, 2011

Brief or late-breaking items from Janus, ING, AXA Equitable Life, Morningstar, eRollover, Curian Capital and TrimTabs.