IFS in the News

Ford Revs Up UAW Fund with $3.76 Billion - IFS in Pensions & Investments

"The UAW Retiree Medical Benefit Trust continues the process of diversifying the trust's assets.." Samuel W. Halpern of IFS talks with Pensions & Investments... 

Link to the July 12, 2010 Article:

http://www.pionline.com/apps/pbcs.dll/article?AID=/20100712/PRINTSUB/307129975&cslet=UnhOY2lLVDlLUE9lK2pVaXY3amNMcFVadWUzanRtVE1NYnJGaXc9PQ==

UAW Retiree Medical Benefits Trust Completes $3 Billion Sale of Ford Note

WASHINGTON, D.C., June 30, 2010 – The UAW Retiree Medical Benefits Trust will receive total net cash proceeds of approximately $3.76 billion from the Ford Motor Company. Please see the attached Press Release for further details regarding the pivotal role that IFS played in this series of transactions:

IFS Role with the Los Angeles City Employees' Retirement System

IFS was mentioned in recent editions of FundFire and Pensions & Investments (May 19th) concerning our role with the Los Angeles City Employees' Retirement System and their recent efforts to consolidate with other plans.  A link to the Pensions & Investments article is attached:

IFS Sells $1.78 billion in Ford Warrants, as Independent Fiduciary to UAW VEBA

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

Fiduciary Pitfalls and Opportunities, Interview with Independent Fiduciary, Mr. Samuel (Skip) Halpern

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 in Pensions & Investments – Work with the UAW Retiree Medical Benefits Trust

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

IFS President Quoted in ai5000

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 Favorably Ranked in the November 30, 2009 Issue of Pensions & Investments

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

Harding Presents at Association of Public Pension Fund Auditors Conference

On November 1, 2009, Steven M.

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