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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US pension funds increased their manager search activity in 2008 on the back of large losses in equity markets, while funds in the UK, Europe and Australia ditched searches to concentrate on strategy issues. mrec4inarticleinline Sponsored Content scnative1 scnative2 scnative3
The International Corporate Governance Council (ICGN) has appointed Carl Rosen, head of corporate governance at the Second Swedish National Pension Fund (AP2), as its new executive director replacing Anne Simpson who will join CalPERS as senior portfolio manager for corporate governance this month. mrec4inarticleinline Sponsored Content scnative1 scnative2 scnative3
The $A51.2 billion ($37.9 billion) Australian Future Fund has quintupled its allocation to debt in the past year, significantly upweighting its exposure to debt securities in the last quarter to 21.9 per cent of the fund. mrec4inarticleinline Sponsored Content scnative1 scnative2 scnative3
Sovereign wealth funds are prioritising a review of their internal risk management frameworks and better communication with their stakeholders regarding expectations of financial markets, according to Patricia Pascuzzo, global head of national funds consulting at Mercer. mrec4inarticleinline Sponsored Content scnative1 scnative2 scnative3
What’s in a Name (or an Acronym)? GFC is in the lexicon. It’s not in mine. I refuse to add to the surplus of investment TLAs in circulation. I refuse because naming induces a dangerously comforting sense that we’ve understood or even controlled that named. Hurricanes sound less malevolent, friendly almost, when called Kylie or
Robert Garvy, chief executive officer of Florida-based INTECH Investment Management, talks to Kristen Paech about the benefits of mathematical investing, and the blurring of the line between passive and active investing. mrec4inarticleinline Sponsored Content scnative1 scnative2 scnative3
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