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H-P's (HPQ) management has received plenty of criticism, but it's hard to criticize the job done...

H-P's (HPQ) management has received plenty of criticism, but it's hard to criticize the job done by investment chief Gretchen Tai in managing the company's giant defined benefit pension fund. Bronte Capital observes the fund delivered returns of 20.6%, 14.6%, and 14.7% in FY09, FY10, and FY11, even though a majority of its assets have been in debt rather than equities. The implications of Tai's success to H-P shareholders could be big, given how many companies are struggling with underfunded pensions.
Comments (3)
  • smokess
    , contributor
    Comments (51) | Send Message
     
    Good to hear someone at HP is doing the right things!!!
    14 Dec 2012, 07:44 PM Reply Like
  • TwistTie
    , contributor
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    This is evidence that sentiment towards HP is growing seriously positive.

     

    They should offer ETFs or mutual funds.

     

    Wouldn't that be fascinating.
    15 Dec 2012, 12:54 PM Reply Like
  • smokess
    , contributor
    Comments (51) | Send Message
     
    Missed the sarcasm, eh!
    16 Dec 2012, 09:24 PM Reply Like
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