NEW YORK, Oct. 2, 2007 (PRIME NEWSWIRE) -- Dow Jones Indexes, a leading global index provider, today announced the formation of an industry-wide pension fund management best practices panel to educate plan trustees regarding index benchmarking solutions. The goal is to properly elevate the understanding and measurement of portfolio risk and return incumbent to every pension fund fiduciary. Called "Sweat the Details," the panel includes experts in all areas of the pension fund arena chosen to appeal to a local constituency.
"Sweat the Details provides the rare kind of fiduciary education on investment due diligence that will prevent 'sweating the litigation,'" said Robert D. Klausner, Esq., a principal of Klausner & Kaufman, P.A., a Plantation, Fla.-based law firm that specializes in representation of retirement and benefit systems.
"Choosing the right benchmark is crucial to exercising best practices for pension fund management. The goal should be to use the index that accurately measures the risk and return profile of your portfolio. Sweat the Details gives fiduciaries an opportunity to learn about appropriate benchmarking solutions through open, engaging dialogue," said Lt. James Maloney, Board Member, The Policemen's Annuity & Benefit Fund of Chicago.
Ronnee Ades, senior director of institutional markets of Dow Jones Indexes, serves as the moderator. Dow Jones Indexes creates each panel to address local and national pension-related issues affecting a particular region.
Sweat the Details is scheduled to hold panel presentations in various cities across the country. The next presentations will be held in West Palm Beach, Fla. on Tuesday, October 9, and in Springfield, Ill. on Wednesday, October 10.
Journalists may e-mail questions regarding this press release to PR-Indexes@dowjones.com or contact Dow Jones Indexes/STOXX press office:
New York: +1-212-597-5720 Frankfurt: +49-69-29-725-290
Note to Editors:
About Dow Jones Indexes
A full-service index provider, Dow Jones Indexes develops, maintains and licenses indexes for use as benchmarks and as the basis of investment products. Best known for the Dow Jones Industrial Average, Dow Jones Indexes also is co-owner of the Dow Jones STOXX indexes, the world's leading pan-European indexes, and together with Wilshire Associates, provides the Dow Jones Wilshire Global Index family, which is anchored by the Dow Jones Wilshire 5000 and covers more than 12,000 securities in 59 markets. Beyond equity indexes, Dow Jones Indexes maintains a number of alternative indexes, including measures of the hedge fund and commodity markets. Dow Jones indexes are maintained according to clear, unbiased and systematic methodologies that are fully integrated within index families. www.djindexes.com
Dow Jones Indexes is part of Dow Jones & Company (NYSE:DJ) (dowjones.com), which is a leading provider of global business news and information services. Its Consumer Media Group publishes The Wall Street Journal, Barron's, MarketWatch and the Far Eastern Economic Review. Its Enterprise Media Group includes Dow Jones Newswires, Factiva, Dow Jones Licensing Services, Dow Jones Indexes and Dow Jones Financial Information Services. Its Local Media Group operates community-based information franchises. Dow Jones provides news content to CNBC and radio stations in the U.S.
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