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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Infrastructure investment has not caught on in the US, compared with institutional investing peers such as Canada, Australia and the UK. But Arjuna Sittampalam, research associate with EDHEC-Risk Institute and editor of Investment Management Review, argues infrastructure is perceived as a way out of the morass in which the US finds itself.mrec4inarticleinline Sponsored Content scnative1
Endowments are back, just. The annual survey of their returns by NACUBO-Commonfund showed an average return of 11.9 per cent for the 850 college and university endowments in the study for the year to June 2010.mrec4inarticleinline Sponsored Content scnative1 scnative2 scnative3
The status of sovereign debt as a safe-haven investment has been put into question and the whole approach to bond investing may need to be revisited, according to Mercer, which has urged institutional investors to focus in the coming year on the ‘new realities’ of the global marketplace, which includes sufficient flexibility in their portfolios.mrec4inarticleinline
Israel is considering establishing its first sovereign wealth fund within one year using revenues from recent offshore natural-gas finds, following calls by the International Monetary Fund to do so.mrec4inarticleinline Sponsored Content scnative1 scnative2 scnative3
In the latest move to demonstrate the same commitment to climate change it expects from its portfolio companies, CalSTRS has signed The Climate Registry, a leading voluntary greenhouse gas registry in North America. The $147 billion fund will report on its carbon footprint, which was dramatically reduced when it moved into its new building in
Chair of the investment council of the $70 billion State of New Jersey’s Division of Investment, Robert Grady, has called for a new asset allocation plan, pointing in particular to the fund’s cash position which sits at around 2.75 per cent. The fund has also been overweight its domestic equity allocation by about 6 per
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