RT Journal Article
SR Electronic
T1 Selecting a Transition Manager
JF Trading
FD Institutional Investor Journals
SP 105
OP 106
VO 2002
IS 1
A1 Carey S. Pack
A1 Elizabeth R. Besen
YR 2002
UL http://guides.pm-research.com/content/2002/1/105.abstract
AB Developing and implementing a plan for a portfolio transition can be challenging and costly. For plan sponsors, the goals would be to reduce the costs and risks associated with the transition. This article discusses how important it is that a portfolio retain its value after a transition has occurred. Some of the topics discussed are implicit costs and opportunity costs, reducing market impact and operational risk, and questions that plan sponsors should ask transition managers. And, the transition manager selection process should begin well before the desired transition date.