Pension funds appear to be shifting to a hands-on investment approach, bringing more asset-management responsibilities in-house to lower their costs, according to a report from State Street Corp.
In "Pension Funds DIY: A Hands-On Future for Asset Owners," State Street found that 81 percent of funds are exploring bringing more management responsibilities in-house over the next three years.
Cost concerns are driving the trend, as 29 percent of funds said it is becoming more difficult to justify the fees paid to outside managers.
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Nick Thornton
Nick Thornton is a financial writer covering retirement and health care issues for BenefitsPRO and ALM Media. He greatly enjoys learning from the vast minds in the legal, academic, advisory and money management communities when covering the retirement space. He's also written on international marketing trends, financial institution risk management, defense and energy issues, the restaurant industry in New York City, surfing, cigars, rum, travel, and fishing. When not writing, he's pushing into some land or water.
