General links
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CalPERS: One of the world's largest public pension funds  |
| TIAA-CREF: Another giant pension fund. |
| Association for Investment Management and Research |
| The Investment Company Institute |
| Pension Benefit Guarantee Corporation |
| Closed-End Fund Association |
| First Citizens Bank: Estate and Trust Management |
| UMB Bank: Trust Services |
New York Life: Modern Portfolio Management Theory  |
| Modern Portfolio Theory: A Nobel Prize Winning Approach |
| The Failures of Modern Portfolio Management |
| A Primer on Post-Modern Portfolio Theory |
| Markowitz says that Michaud has built a better mousetrap. |
| Behavioral Finance questions Modern Portfolio Theory |
| Journal of Financial Planning: Risk Tolerance, Investments versus Insurance. |
| Fifty Years of Portfolio Theory |
| Terrorism and Economic Turmoil; Risk Management and Covariance. |
| Automatic Investor and Modern Portfolio Theory |
| Valid Criticisms of Modern Portfolio Theory and the Efficient Market Hypothesis |
| A Useful Simplification of Modern Portfolio Theory |
| How Trustees Get Into Trouble |
| Pension Funds (Overview) |
| CalPERS Board Members: Government Bureaucrats and Union Leaders |
| Wall Street Week / Fortune: Fund Managers' Pay Remains Cloudy |
| Where are the Portfolio Manager's Yachts? |
| Average Portfolio Manager Salary |
| NY State Attorney General Calls for Wall Street Fund Managers to Reform |
| SEC regulation of funds and advisors |
| The Vanguard Group: one of the largest mutual fund families. |
| Fidelity Funds: another large family of mutual funds. |
| National Association of Real Estate Investment Trusts |
| AIMR Chartered Financial Analysts Program |
| Mutual Funds and the Retirement Market |
| Asset Management and Retirement Funds |
| Fiduciary Responsibility in Light of U.S. Mutual Fund Industry Problems |
| National Association of Personal Financial Advisors |
| Wharton School: Mutual Fund Research |
| Institutional Investor Web Site |
| Brill's Mutual Funds Interactive |
| Quicken Mutual Fund Finder |
| Yahoo Finance: Mutual Fund Center |
| CBS Marketwatch: Mutual Funds |
| Forbes: Mutual Funds |
| MSN Money: Fund Research |
| Smart Money: Mutual Funds |
| ASPA: American Society of Pension Actuaries |
| American Academy of Actuaries |
| What is an Actuary? |
| Index Fund Advisors |
| Sharpe: Asset Allocation, Management Style, & Performance Measurement. |
| Judging Fund Managers by the Company They Keep. |
| Performance Measures for Dynamic Portfolio Management. |
| Business Times: Popular Performance Measures Do Not Indicate Skill |
| Business Report: New Concept Measures Asset Manager's Skill |
| Value at Risk as a Portfolio Performance Measure |
| Mutual Fund Tax Efficiency |
| U.S. Census Bureau: 1997 Economic Census |
| Tax Efficiency of Exchange Traded Funds |
| Professional Risk Models and Portfolio Analytics for Asset Managers |
Specific Links: Bank Personal Trusts & Estates
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| FDIC: Trust Institutions Information |
| Federal Financial Institutions Examination Council |
| FFIEC: 2000 Trust Assets of Financial Institutions (See Table A-2) |
| FDIC: Trust Examination Manual |
| Trust and Asset Management Handbook |
| ABA National Trust School |
| Citigroup Private Bank: Trust & Fiduciary |
| TIAA-CREF: Trust Company |
| UBS Fiduciary Trust Company Portfolios: Performance Summary |
| U.S. Trust |
| Certified Trust and Financial Advisor (CTFA) |
| Certified Retirement Services Professional (CRSP) |
| Washington State Bar Association: Revocable Living Trusts |
| AARP: Living Trusts |
Specific Links: Private Pension Funds
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| DOL: Consumer Pension Plan Information |
| Pension Benefit Guaranty Corporation |
| American Benefits Council |
| Underfunding of Private Pension Plans |
| Independent Consultants Cooperative |
| DOL / EBSA: Publications and Reports |
| Brookings Institution: Defined Benefits Pension Plans |
| Global Action on Aging: Private Pension Issues |
| On the Disparity between Private and Public Pensions |
| Corporate Governance and Pension Plans |
| Wharton School: Pension Research Council |
| ERISA in the United States Code |
| Private Pension Policies in Industrialized Countries |
| GAO: Private Pension Plans Face Short and Long-Term Challenges |
| Private and Other Pensions (International Comparisons) |
| ICI: The Expenses of Defined Benefit Pension Plans and Mutual Funds |
Specific Links: State & Local Gov't Retirement Funds
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| U.S. Census Bureau: State & Local Government Retirement Systems |
| Census Bureau: Finances of State & Local Government Retirement Systems |
| AFSCME: AFL-CIO: Union of State & Local Government Employees |
| State & Local Government Employees Coverage by Social Security & Medicare |
| National Association of State Budget Officers |
| State and Local Government Retirement Survey |
| National Council on Teachers' Retirement |
| National Conference of Public Employee Retirement Systems |
| National Association of State Retirement Administrators |
| UCSD: Census of Governments, 1992: Finance Statistics |
| Urban Institute: Impact of Pension Funding on State Government Finances |
| Public Pension Funds in Japan |
| State and Local Government Fiscal Position in 1999 |
| SSRN Abstract Search: Employee Benefits, Compensation, & Pension Law |
| Pension Underfunding & Liberal Benefits of State & Local Governments |
| Grandfather Report: State & Local Government Spending |
| The Comparative Value of Pensions in the Public and Private Sectors |
| State & Local Government Retirement Programs: Alternatives to Social Security |
Specific Links: Federal Gov't Retirement Funds
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| Federal Retirement Programs |
| FERS: Federal Employees Retirement System |
| NARFE: National Association of Retired Federal Employees |
| Defense Finance and Accounting Service: Retired and Annuitant Pay |
| Department of Veterans' Affairs |
| Federal Employees Health Benefits Program |
| Federal Employees Group Life Insurance Program |
| Federal Long Term Care Insurance Program |
| Federal Retirement Thrift Investment Board |
| Railroad Retirement Board |
| Social Security System |
| Thrift Savings Plan for Federal Employees |
| Federal Government Employment and Payroll Data |
| Law: Federal Employees Retirement System |
| Comparing Federal Employee Benefits with those in Private Sector |
| Payment to the Civil Service Retirement and Disability Fund |
| OPM: Retirement Eligibility Statistics (FERS) |
| OPM: Retirement Eligibility Statistics (CSRS) |
| Congressional Retirement Plan |
| Congressional Retirement: Too Generous? |
| President's Proposal to Accrue Retirement Costs for Federal Employees |
| Federal Reserve Board Retirement Portability Act |
| NARFE: Myths of Federal Retirement |
| Department of Defense: Military Retirement Trust Fund |
| The Excess Cost of Government Employment in the U.S. |
Specific Links: Money Market Mutual Funds
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| ICI: Money Market Mutual Fund Assets (Monthly) |
| NY Fed: The Money Supply |
| Federal Reserve Statistical Release H.6: Money Stock Measure |
| NY Fed: Money Market Mutual Fund Reports |
| Money Market Mutual Funds and Market Efficiency |
| Look beyond yield when buying money market funds |
| Yahoo: Money Market Funds Explained |
| Role of Credit Agencies in Portfolio Management of Money Market Funds |
| Money Market Funds in the S&L Crisis |
Specific Links: Mutual Funds
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| Investment Company Institute: Mutual Fund Statistics |
| Boston Fed: Monthly Mutual Fund Report |
| Quicken Mutual Funds |
| SEC: Mutual Fund Fees and Expenses |
| SEC: Information Available to Investment Company Shareholders |
| Investment Company Institute Profiles Mutual Fund Investors |
| National Securities Clearing Corporation |
| Morningstar: Mutual Fund Category Performance |
| Morningstar: Mutual Fund: Biggest Gainers |
| Morningstar: Mutual Fund: Biggest Losers |
| CBS Marketwatch: Mutual Funds |
| Smartmoney: Mutual Funds |
| Forbes: Fund Survey |
| Brill's Mutual Fund Terms |
| Fund Marketing Alert |
| Mutual Fund Shareholder Activity During U.S. Stock Market Cycles |
| Fund Shareholders: Characteristics, Knowledge, & Sources of Information |
| Bank of America: Mutual Fund Liquidity Trends |
| ICI: Mutual Fund Ownership and Shareholder Characteristics |
| Why Are Most Mutual Funds Open-End? |
Specific Links: Closed-end & Exchange-Traded Funds
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| ICI: Closed-End Fund Statistics |
| ICI: Exchange-Traded Fund Statistics |
| Closed-End Fund Association |
| Closed-End Fund Industry Statistics |
| SEC: Closed-End Funds |
| American Stock Exchange: Closed-End Funds |
| CEF and ETF Web site |
| NASDAQ: Compare the Performance of Exchange-Traded Funds |
| SEC: Exchange-Traded Funds |
| Yahoo: Exchange-Traded Funds Center |
| Index Funds Web site (includes ETF) |
| CBOE: Exchange-Traded Funds: Product Specifications |
| Nuveen: Closed-End ETFs |
| Smartmoney: Exchange-Traded Fund Center |
| ETFs, Futures, and Options based on Russell Indexes |
| Closed-End Fund Research Articles |
| Site-by-Site: Closed-End Funds Center |
| ICI: A Guide to Closed-End Funds |
| Princeton: A Positive Theory of Closed-End Funds as an Investment Vehicle |
| A Survey of Research Papers on Closed-End Fund Discounts |
| Wachovia: Leverage among Closed-End Funds |
| The Impact of Leverage on Closed-End Funds |
| Morningstar: Exchange Traded Funds |
| NYU Stern School: Pricing Exchange Traded Funds |
Specific Links: Real Estate Investment Trusts
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| NAREIT: Research and Statistics on REITs |
| NAREIT: Traded REITs Chart Book |
| REITs 101 |
| All About REITs |
| Chicago Fed: Points to Consider when Financing REITs |
| Brookings Institute: The Future Role of REITs in Real Estate Finance |
Books
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| 'Investing in REITs: Real Estate Investment Trusts', Hardcover, Ralph L. Block
A Practical look at REITs and how they work. |
| 'Real Estate Investment Trusts: Structure, Analysis, and Strategy', Hardcover, Richard T. Garrigan, John F. C. Parsons
Comprehensive sourcebook on REITs, written by professionals. |
| 'Investing in Closed-End Funds: Finding Value and Building Wealth', Textbook, Albert J. Fredman, George Cole Scott, Steven M. Cress
A definitive work on the arcane world of closed-end funds. |
| 'Exchange Traded Funds and E-Mini Stock Index Futures' Hardcover, David Lerman
The advantages of two innovative trading instruments. |
| Morningstar Principio Pro Quarterly CD-ROMs on Closed-End Funds
Professional statistics on 400+ closed-end fund, operates in research and portfolio mode. |
| 'Value Line Investment Survey' Subscription (weekly) |
| 'Morningstar Principia', CD-ROM subscription
Professional tool for managing portfolios of mutual funds. |
| 'The Mutual Fund Business: 2nd Edition', Paperback, Robert C. Pozen
An expert text on mutual funds for MBAs and serious students. |
| 'Weiss Ratings' Guide to Bond and Money Market Mutual Funds', subscription.
Quarterly ratings and analysis on over 4,200 fixed income funds |
| 'Virtual Money: Understanding the Power and Risks of Money's High-Speed Journey into Electronic Space', Hardcover, Elinor Harris Solomon
All about electronic money. |
| 'Houdini and the Federal Budget Hoax: A Special Report to Reveal the Magic of Using Your Social Security Pension to Hide the Federal Deficit and Much More', Paperback, Jack E. Steineger
An expert gives a frank analysis of the U.S. Federal Budget. |
| 'A History of Public Sector Pensions in the United States', Hardcover, Robert Louis Clark, Lee A. Craig, Jack W. Wilson.
Public pension schemes from colonial times until the 20th century. |
| 'The State and Local Government Workers' Retirement Savings Guide', Paperback, Bruce S. Stuart
Practical advice for public employees |
| 'Pensions in the Public Sector', Hardcover, Olivia S. Mitchell, Edwin S. Hustead, Wharton School Pension Research
An expert treatise on public pension funds. |
| 'Journal of Pension Planning and Compliance', Magazine |
| 'Managing Pension Plans: A Comprehensive Guide to Improving Plan Performance', Hardcover, Dennis E. Logue, Jack S. Rader
Useful guide to how pension fund managers think. |
| 'Trusts & Estates', Magazine |
| 'Managing Family Trusts: Taking Control of Inherited Wealth', Hardcover, Robert A. Rikoon
The nuts and bolts of the personal trust business by a seasoned expert. |
| 'Modern Investment Theory', Hardcover, Robert A. Haugen
Textbook covering portfolio theory, capital asset pricing, interest rates and bond management, and options and forward and futures. |
| 'Modern Portfolio Theory and Investment Analysis', Hardcover, Edwin J. Elton, Martin J. Gruber, William M. Goetzmann
Analysis of individual securities as well as combining securities into efficient portfolios. |
| 'The Paradox of Asset Pricing', Hardcover, Peter Bossaerts
A scholarly, useful, and logical attack on the flaws in modern asset pricing models. |
| 'Does the Capital Asset Pricing Model Work?', e-book, David W. Mullins Jr.
This Harvard Business School Publication points out the strange assumptions behind the CAPM. |
| 'Beating the Street', Paperback, Peter Lynch
An look into the mind of the manager of Magellan Fund that delivered top performance during the 1980s. |
| 'Pension Fund Investment Management', Hardcover, Frank J. Fabozzi
Articles on pension fund management selected by an editor of the Journal of Portfolio Management |
| 'The Journal of Portfolio Management', magazine, monthly
Research, theory and applications on portfolio management for investment professionals |
BOOK SEARCH: Estate Planning |
BOOK SEARCH: Mutual Funds |
BOOK SEARCH: Exchange Traded Funds |
BOOK SEARCH: Closed-end Funds |
BOOK SEARCH: REITs |
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