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Pension Plan Sponsors Are Uncovering a Road to Better Fund Returns Under Transition Management
Treasury & Risk Management 
Sept. 10, 2004
Excerpt: A penny is a penny, and a basis point is a basis point. Accumulate enough pennies, and eventually you will have dollars. Save enough basis points, and your defined benefit plan might have a slightly more appealing return. Simple? Perhaps, but that is the thinking behind an evolving strategy for running pension money that depends on a program of baby steps to reach a better-funded goal.
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