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The Urgency is Palpable

David Brenner, Senior Vice President and National Director of Multiemployer Consulting at Segal said in an article by Rebecca Moore in PlanSponsor that it is too early to tell what effect the first quarter's market volatility will have on multiemployer...

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Why The Disconnect?

In real estate investing one often hears the saying used by property experts that the three most important factors in determining the desirability of a property are " location , location , location ". For endowments and foundations (and DB...

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As If We Needed More Evidence

Milliman, Inc. yesterday released the results of their 2020 Corporate Pension Funding Study (PFS), which analyzes the 100 largest U.S. corporate pension plans. The study highlighted the fact that the aggregate performance (17.3%) for this cohort was the second best...

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It's Not A Coincidence

Northern Trust has published the aggregate performance results through March 31st for its universe of roughly 300 large institutional pension plans and endowments and foundations. Not surprisingly, performance results (-11.6%) are very weak for the entire universe. What also isn't...

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What Rainy Day Fund?

As we've been reporting, US states are under significant financial stress that will likely get much worse before it gets better. Debate continues as to what the Federal government might be willing to do to help states bridge their cash...

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This is Why, Senator!

Anyone who has read my blog throughout the years knows that I often rail about decisions taken in NJ with regard to the state's pension system, but this is one time that I am firmly with NJ and all the...

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Buy Time!

We truly understand and appreciate the funding concerns that all DB plan sponsors are challenged with at this time. However, we are particularly focused on the issues surrounding public pension funds, as they are getting crushed with the doubly whammy...

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Worst Ever?

According to Milliman's survey of the largest US 100 public DB pension plans, funded ratios collapsed to 66% from year-end's 74.9%, as plan's recorded an average decline of nearly 11% for the quarter. The devastating decline was the largest ever...

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Seems right, but...

I want to once again thank the folks from Preqin for providing the following chart: I'm not surprised by these results, but the responses may be quite premature. How many plan sponsors and consultants have seen performance results for the...

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Nothing But Beta?

We once asked where the beef was, and if she were alive, Clara Peller would be able to tell us. As an industry we think we understand where the beta is, but do we really? As the chart below indicates...

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