COVER STORY (3)

Confidence Men

TALKING WITH BRETT STEENBARGER AND STUART SCHNEIDERMAN In October 2008, on one of the most volatile days in market history, I stepped to the podium during a program at the New York Society of Security Analysts. Looking out at the audience, I saw the eyes…

The Prudent Man Standard

LEGAL AND INVESTING IMPLICATIONS OF LDI SAFEGUARDS FOR PENSION RISK Among the most significant of the damages to result from the recent market turmoil may be the losses suffered by US pension plans. In 2008, DB (defined benefit) plans plummeted from fully funded or even…