IFS in the News

On March 30, IFS—acting as independent fiduciary to the United Auto Workers Retiree Medical Trust—completed a sale of all the warrants that Ford had recently contributed to the VEBA, pursuant to a Labor Department prohibited transaction exemption.  The VEBA Committee had selected IFS to decide whether, when and on what terms to sell the warrants.  To help diversify the VEBA’s investments and for other reasons, IFS decided to sell as many of the warrants as possible and this auction resulted in selling them all.  The net proceeds from IFS’ sale of

In this March 8, 2010 interview with Mr. Samuel (Skip) Halpern, President of IFS, readers learn the difference between fiduciary audits and operational reviews.  Also discussed are five new challenges with respect to a fiduciary’s responsibilities.  These include assets in plans, litigation settlements and investment vehicles (and asset managers) that are deemed to fall outside the scope of ERISA.

IFS involvement with the UAW Retiree Medical Benefits Trust was cited in the March 8, 2010 edition of Pensions & Investments publication.  A link is provided below:

http://www.pionline.com/apps/pbcs.dll/article?AID=/20100308/PRINTSUB/303089966/1031/TOC

Samuel (Skip) W. Halpern (IFS President) was recently quoted in ai5000 (Asset International) regarding U.S. public funds’ investment autonomy vs. Canadian funds…the complete article is linked below:

IFS received favorable rankings in a series of data points recently compiled by Pensions & Investments.  A snapshot of IFS rankings are:

Top consultants by worldwide institutional advisory assets                           #19

On November 1, 2009, Steven M.