http://thefloat.typepad.com/the_float/Independent Insight from Interlake Capital Management, LLCenWed, 31 Mar 2010 11:31:12 PDTTheFloathttp://feedburner.google.comhttp://feedproxy.google.com/~r/TheFloat/~3/TwWa1mwCwHs/brightscope-and-vanguard.htmlMutual FundsPublic PolicyRetirement PlansWall StreetInterlake Capital ManagementWed, 31 Mar 2010 11:49:26 PDTtag:typepad.com,2003:post-6a00d8341d30d553ef0131100302df970cTwo weeks ago, Vanguard's Steve Utkus posted a thoughtful, if not quite fully informed, take on the work of our friends at BrightScope.* We encourage you to read Steve's original post here. Then take a look at Ryan Alfred's response at BrightScope's blog. We're pleased to see these types of exchanges. They should help everyone who cares about the future of retirement security in this country understand what is being done well and what can be done more efficiently and effectively. ~~~~~~~~~~~~~~~~ * Full disclosure: Interlake has believed in BrightScope's basic approach from the outset and we subscribed to their...http://thefloat.typepad.com/the_float/2010/03/brightscope-and-vanguard.htmlhttp://feedproxy.google.com/~r/TheFloat/~3/3pZDof5GR2s/new-dol-proposal-on-index-funds.htmlMutual FundsPublic PolicyRetirement PlansInterlake Capital ManagementWed, 31 Mar 2010 11:09:11 PDTtag:typepad.com,2003:post-6a00d8341d30d553ef01311002e6b6970cWe ran across an interesting piece in InvestmentNews on a recent DOL trial balloon concerning passive and active funds in ERISA plans. Here's the essence of the DOL proposal: Specifically, financial advisers point to a recent proposal in which the Labor Department asked whether computer-based advice models should take into account only the fees and expenses of a mutual fund--and not its historical returns--since they aren't guaranteed. If fees and expenses are the primary factor when recommending funds for 401(k) plans, these advisers contend, index funds will win out over actively managed funds every time. The next paragraph is classic...http://thefloat.typepad.com/the_float/2010/03/new-dol-proposal-on-index-funds.html