Asset Allocation

DB Pension Deficits Have Worldwide Impact, Mercer Says

The consultancy group Mercer has revealed that accounting measures of the liabilities of defined benefit (DB) schemes in most developed economies have seen marked increases in liabilities due to declining corporate bond yields.

NJ Pension Urged to Boost Alt Investments

Consultants told the State Investment Council that New Jersey’s pension fund should direct as much as 43% of its assets into alternatives, compared with the 19.3% allowed now.

US Funding Level Dips to Lowest Since 2003

A significant decrease in corporate bond interest rates has driven a $108 billion decrease in the funded status of the 100 large defined benefit plans tracked by Milliman.

Northern Trust Opens Beijing Branch

The bank and asset manager has been given permission by the Chinese government to open a new custody office for institutional clients in Beijing.