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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Investment appetite among European institutions rebounded in 2009, with Mercer Investment Consulting identifying a surge in clients’ demands for new global fixed income, global equity and specialist credit exposures. Andy Barber, global head of manager research at Mercer, tells Simon Mumme about the investment themes driving these searches, and the evident decline of the ‘home
The $28 billion Tennessee Consolidated Retirement System is a late entrant into private equity with its debut $25 million allocation to the Draper Fisher Jurvetson Fund X, occurring at the same time the fund has cut its allocation to short term assets by 5 per cent. mrec4inarticleinline Sponsored Content scnative1 scnative2 scnative3
The $37 billion United Nations Joint Staff Pension Fund increased its allocation to equities by 4 per cent in the past quarter, at the expense of real estate and bonds, and is now overweight the asset class, as it continues to support active management. mrec4inarticleinline Sponsored Content scnative1 scnative2 scnative3
About half of the $201 billion in assets managed by CalPERS is available to liquidate within 90 days according to a new total fund liquidity assessment to be presented to the investment committee as part of the quarterly risk management update, which also shows the fund to have a total leverage of 19 per
Bigger appetites for absolute return strategies, new attitudes to risk and governance, and the onset of major regulation – these were the forces for change identified in Watson Wyatt’s 2008 study, Defining Moments. But the social fallout from the financial crisis has sparked another phenomenon that could heavily impact institutional investors, according to Tim Hodgson
The $9.3 billion Los Angeles City Employees Retirement System will tilt its asset allocation to hedge against inflation and will discuss altering its investment policy to explicitly address inflation at each annual asset allocation review. mrec4inarticleinline Sponsored Content scnative1 scnative2 scnative3
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