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| Current Article: July Alert |
The July 2008 alert includes two articles that deal with the esoteric subject of securities lending by retirement plans. For those of you that are unfamiliar with securities lending, generally borrowers, such as hedge funds, use the borrowed shares for short selling purposes. While securities lending is commonplace it is more controversial today than ever due to concerns regarding the impact of short sellers upon the financial markets. The first article concludes that pensions and funds would be challenged (due to a lack of transparency) to fully understand the details of the lending agreements they have entered into or the fees borrowers are paying intermediaries (such as prime brokers) to borrow plan securities. The second article, by the CEO of OneChicago LLC, discusses use of single stock futures to accomplish the same economic result as securities lending, without many of the risks. Let us know your thoughts. More>>>>
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| Benchmark Financial Services |
Benchmark Financial Services, Inc., specializes in investigations of pension fraud, money management abuses and wrongdoing involving securities brokerages and pension investment consultants. Our investigations frequently focus upon illegal or unethical business practices that are commonplace in the securities brokerage, asset management and consulting industries, as well as hidden or poorly disclosed financial arrangements between vendors to pensions.
As a result of the groundbreaking investigations we undertake into arcane pension financial matters, we are uniquely capable of identifying problematic business practices and predicting future regulatory developments. Periodically we are invited to share our findings with law enforcement, regulators and self-regulatory organizations. More >>>
| Center For Investment Management Investigations |
The Center for Investment Management Investigations at Benchmark (CIMI) serves as a resource for institutional investors and operates a network of firms expert in matters related to investigating fraud and wrongdoing by money managers, including mutual fund advisers, as well as securities brokerages, pension consultants and actuaries. Plan sponsors and others may contact CIMI for assistance in identifying or substantiating abuses; expert firms may contact the Center to offer use of their skills or to share information regarding potential investigations.
| The Benchmark Alert: "Insider" Commentary |
The Benchmark Alert is produced monthly and expresses opinions about important issues involving pensions and money managers. Click on Current Alert for our most recent article or Library of Articles for past articles. The Alert is written primarily for institutional investors. Each Alert is kept brief and expresses an opinion about an issue which, in our opinion, is deserving of special consideration. The Alert generally focuses upon issues that are not explored by the financial press or presents novel viewpoints on seemingly settled issues. We believe the Alert is both original as to subject matter and analysis. The Benchmark Alert presumes that the reader is knowledgeable about the pension, securities and investment management industries; we intentionally avoid any significant reference to data to support the opinions expressed in the Alert. Subscribe
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Daily Pension News
For More Information Contact:
Benchmark Financial Services, Inc.
79 Island Drive South
Ocean Ridge, Florida 33435
561-202-0919
Fax: 561-202-0191
Email: esiedle@aol.com |
