Client Type: Pensions

Research Brief August 2014
MAPping the Future of Pension Funding

The Highway and Transportation Funding Act of 2014, which temporarily maintains the solvency of the Highway Trust Fund, can benefit most pension plan sponsors by giving them flexibility around the timing and amount of contributions for the next several years, but may not decrease the total amount of contributions required over the long term.
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Research Report June 2014
Investing in Asian Hedge Funds: Opportunities and Challenges

Asia’s economic development continues to attract global investor’s interest. Yet, investing in Asia-focused hedge funds has proved challenging due to illiquidity, shorting constraints, and underdeveloped legal systems. This report takes an in-depth look at four strategies (long/short equity, credit opportunities, event-driven, and macro), highlighting the challenges each faces and the opportunity set available. All things considered, long/short equity and macro strategies present the most interesting prospects, event-driven and liquid credit strategies less so. We remain cautious on broad implementation in the near term; liquidity and governance drawbacks in most cases outweigh the benefits of geographic diversification and market inefficiency.
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Research Report February 2011
Pension Risk Management

Asset management and investment banking firms across the globe continue to develop a variety of liability driven investing (LDI)–focused products and solutions for the pension plan community; however, there remains broad confusion over the meaning of LDI.
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