There recently appeared on the Global Banking and Finance Review website an article on cash flow-driven investing ( YES! ), titled “How Can DB pension Schemes Make Effective use of Cashflow-driven investing?” The article summarized a whitepaper from CAMRADATA based...

You have to love our "leaders" in Washington, DC. After years and years and years of hoping and praying that the multiemployer retirement crisis would finally be resolved, the 1.4 million American workers in Critical and Declining pension plans are...

Just a quick post today to share with you an article written by John Manganaro, PlanSponsor, that followed a conversation that we had on Tuesday. We touched on a number of issues, but focused a great deal of attention on...

It is wonderful that everyone and their sister acknowledges that the US is facing a pension crisis within the multiemployer community, if not more broadly to include public and private plans, as well. As anyone who regularly reads this blog...

I frequently read many of our industry's publications. I often find the articles to be spot on. However, there is one area where I continue to question the reporting, as it is based on yesterday's approach. I am specifically referring...

In our December 3rd blog post, "Tough Sledding Ahead?" , we highlighted the CAPE index while raising concerns that equity valuations appeared stretched based on this metric. As you may recall, the forecast equity return was -2.3%, including dividends. As...

We've reported previously on output from the annual Amundi–CREATE series that started in 2014. There is always a plethora of great insights that are shared from among leading pension voices from multiple pension markets. This year's survey included 158 plan...

America's pension system is already facing many challenges whether we are discussing private, public, and/or multiemployer plans. The issues may vary depending on the type of plan, but the one thing that they have in common is their participation in...

I hope that you had a wonderful Thanksgiving holiday despite the many impediments that we are facing this year. It is still my favorite holiday, and I might actually be hungry by Friday! I came across a comment in a...

For years I've written about the importance of conducting asset allocation studies based on the plan's specific liabilities and cash flow needs, as liabilities are like snowflakes in their uniqueness. I recently read an article in P&I that reported the...