US - The Department of Labor should develop guidance for defined benefits (DB) schemes investing in hedge funds or private equity, as previously recommended by a federal advisory council, a report by the Government Accountability Office (GAO) has stated.
The GAO said holdings in those asset classes posed higher risks and challenges than stock market investments, such as little information on those vehicles' underlying assets. Mitigating those risks...
To continue reading this article...
Join Professional Pensions
Become a Professional Pensions Lite Member today
In just a few clicks you can start your free Professional Pensions Lite membership for 12 months, providing you access to:
- Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
- Receive important and breaking news stories via our two daily news alerts
- Hear from industry experts and other forward-thinking leaders
