TY - JOUR T1 - The Choice of Transition Provider JF - Trading SP - 59 LP - 62 VL - 2002 IS - 1 AU - Ross I. McLellan Y1 - 2002/03/20 UR - http://guides.pm-research.com/content/2002/1/59.abstract N2 - The complexity of investment manager and asset allocation changes can overwhelm the operational capacity of a pension plan. The changes can also cause the fund to bear large transaction costs. These two factors have created an industry called transition management that deals with the problems plan sponsors face in these circumstances. This article details the issues surrounding transition management and what a plan sponsor should look for when hiring a transition manager. It looks at the benchmark a transition manager should be held to and what the costs are in transitioning assets. The article also details poorly used benchmarking strategies that are commonly used to measure transition success. ER -