Principal at Mercer, Craig Rosenthal, was among the witnesses who gave testimony to the US House of Representatives Committee On Ways and Means, under the hearing “Defined Benefit Pension Plan Funding Levels and Investment Advice Rules” on October 1.
His testimony included findings of new Mercer analysis of data from 874 clients’ defined benefit plans. The analysis by Mercer’s US pension actuaries, including estimated 2009 required contributions and credit balances, is detailed here.
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Investors want significant improvements in the way hedge funds interact with investors, and have called for greater reporting and transparency in a recently published guide to the industry.mrec4inarticleinline Sponsored Content scnative1 scnative2 scnative3
The recent alliance between Mercer Investment Consulting and Callan Associates to acquire the bulk of Evaluation Associates – the investment consulting arm of Milliman Inc – could be the start of a cooperation that targets other potentially attractive acquisitions in the US industry.mrec4inarticleinline Sponsored Content scnative1 scnative2 scnative3
The Alaska Permanent Fund has made allocations to three alternative investment programs and begun a new push into timber and diversified inflation funds hiring Callan to conduct searches. mrec4inarticleinline Sponsored Content scnative1 scnative2 scnative3
The Ann Kaplan professor of business, finance and economics at Columbia University, Andrew Ang, who also consults to the Norwegian sovereign wealth fund, describes the shortcomings of research on asset allocation and illiquid assets, and how to overcome behavioural biases.mrec4inarticleinline Sponsored Content scnative1 scnative2 scnative3
As Sudan divides into north and south, CalPERS and other UN PRI funds are divesting shares in public companies in that country, while at the same time warning on the fragile peace and the precarious economy.mrec4inarticleinline Sponsored Content scnative1 scnative2 scnative3
Competition and debt concerns have scuttled an ambitious proposal by a consortium of nine Canadian banks and pension funds to acquire the country’s biggest stock exchange.mrec4inarticleinline Sponsored Content scnative1 scnative2 scnative3
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