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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OMERS continues its drive to bring more of its investment management in-house, recently announcing a major expansion of its investment operations with the launch of a New York investment office.mrec4inarticleinline Sponsored Content scnative1 scnative2 scnative3
CalPERS is undertaking sweeping changes to the way its board operates as part of a package of governance reforms to be rolled out in the coming year.mrec4inarticleinline Sponsored Content scnative1 scnative2 scnative3
Institutional investors need to be able to clearly define where returns are coming from in their hedge fund portfolios, whether it be alpha, hedge fund beta or market beta, and be conscious of the fees for each return source, principal and co-founder of AQR Capital Management, Cliff Asness, told delegates at the Fiduciary Investors Symposium
Investors in News Corp have clearly signalled that they oppose Rupert Murdoch’s plans to pass control of the media giant to his children, voicing strong opposition to the re-election of sons Lachlan and James Murdoch to the board at the company’s annual general meeting last week.mrec4inarticleinline Sponsored Content scnative1 scnative2 scnative3
Russia’s central bank, which has $558.4 billion in foreign exchange reserves, has appointed National Australia Bank to manage up to 1 per cent, or $5.58 billion, of its assets in Australian cash instruments.mrec4inarticleinline Sponsored Content scnative1 scnative2 scnative3
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