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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Mercer’s acquisition of US-based Hammond Associates marks the continued trend of a new consulting environment that raises the question of whether boutique firms can survive. Amanda White spoke to Mercer’s US investment consulting leader, Jeff Schutes, about why clients’ demand for deeper resources and knowledge is driving the consolidation, and why large firms are rejecting
The Conference Board’s 2010 Institutional Investment Report: Trends in Asset Allocation and Portfolio Composition measures the asset growth and portfolio composition of institutional investors operating in the US.mrec4inarticleinline Sponsored Content scnative1 scnative2 scnative3
Economists hate price and wages controls. They distort the natural forces of markets and usually result in pent-up demand and/or supply which will be unleashed at a later stage as well as a range of unexpected distortions. Investors, too, should hate them. mrec4inarticleinline Sponsored Content scnative1 scnative2 scnative3
Diversification alone is not enough to manage downside risk, rather academic research in dynamic portfolio theory suggests the three complementary techniques of diversification, hedging, and insurance can be used together to design customised investment solutions, that ultimately separate assets into performance seeking portfolios and liability hedging portfolios, according to EDHEC’s Felix Goltz and Stoyan Stoyanov.
CalPERS will introduce a new leadership organisation design next year, which includes for the first time a dedicated chief financial officer function coordinating all corporate finance functions including cash flow. mrec4inarticleinline Sponsored Content scnative1 scnative2 scnative3
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