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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The Yale endowment has a substantial and growing exposure to green investments with allocations in timberland, emerging markets and venture capital including more than $100 million in cleantech. mrec4inarticleinline Sponsored Content scnative1 scnative2 scnative3
Bringing externally managed funds under the guidance of the internal investment team is a key component of OMERS’ growth plans, with the fund moving to having more direct control over its investments, according to new chief investment officer, Michael Latimer. mrec4inarticleinline Sponsored Content scnative1 scnative2 scnative3
The benefits of risk parity portfolios are largely an illusion and contain hidden risks such as confusing volatility with risk and including asset classes that have significant negative skew, which combined with leverage could be painful for investors, according to director of asset allocation at GMO, Ben Inker. mrec4inarticleinline Sponsored Content scnative1 scnative2 scnative3
Non-executive directors’ pay should consist solely of a combination of a cash retainer and equity-based remuneration, according to the International Corporate Governance Network’s new guidelines for non-executive director pay crafted over the past several years in consultation with, and on behalf of, many of the largest global shareowners. mrec4inarticleinline Sponsored Content scnative1 scnative2 scnative3
Abu Dhabi’s (AED88.5) $24 billion strategic investment arm, Mubadala Development, reaped nearly twice as much revenue from portfolio companies in 2009 than in the previous year. mrec4inarticleinline Sponsored Content scnative1 scnative2 scnative3
Higher than expected foreign exchange transaction costs can result in a long-term return drag on a portfolio of up to 2 per cent over 40 years according to new research by Russell Investments, which urges investors to review and measure foreign exchange costs. mrec4inarticleinline Sponsored Content scnative1 scnative2 scnative3
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