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Home > Library > Stable Times > Volume 3, Issue 1  The quarterly publication of the Stable Value Investment Association First Quarter 1999 • Volume 3 Issue 1 Editor's CornerBy Victoria M. Paradis, CFA PIMCO This issue of Stable Times is all about change - new products, new markets, and improving upon what we already do. That's not something you would automatically expect from our "established" industry. Not only do we have a firm footing in the U.S. defined contribution market as the fixed income option of choice, we are forging ahead. Continued success of our industry is simply inevitable because we offer a fundamentally good product: attractive, understandable returns to plan participants. That's what it's all about, and that has not changed since the 1970s. We're just doing it better now, and applying the concept to new markets. This issue is hefty, so look closely at the table of contents. I assure you that you will find invaluable information. Our new President, Gina Mitchell, rounded up three exceptional pieces. These include two market surveys by a professional journalist, Randy Myers: a highly-informative introduction to the new IRA mutual funds, and an informal "futurist" piece that explores the trends that most excite a dozen industry leaders. Gina also recruited an excellent update on Social Security Reform by Ann Combs at Mercer, who also serves as one of the trustees of the Social Security system. Continuing with the new products and markets theme, Brian Carosielli and Jennifer Williams from Fitch/IBCA submitted a piece on Funding Agreements that will teach even the seasoned FA veteran something useful. In the category of "improving what we do," fall two pieces on the industry's performance measurement endeavor. Allan Fen introduces the pending task force report on performance measurement, and then Dan Libby from IBM walks us through implementing some of the key recommendations. Janet Jasin Quarberg from the Hueler Companies presents a very effective and concise plea to the SVIA membership to help ensure that the budding investment advice industry gives stable value the attention it deserves. Last, Karl Tourville from Galliard Capital Management has created the first installment of side by side spread trends of our industry's unique fixed income universe, as it compares to traditional fixed income security and GIC yields. We call to you, the SVIA membership, to continue to keep this publication fresh. We encourage new voices to contribute by writing articles or suggesting topics that you would like us to cover. Please also let us know what you like or do not like; and especially what you do not agree with and what we may be overlooking. We welcome feedback!
STABLE TIMES
Stable Times is a benefit of SVIA membership.
Associate Editors:
Read Next: It's in the Numbers
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