To discuss the specific risks and opportunities attached to infrastructure investments, our panel of experts will bring together key asset owners and asset managers. The panel will be co-chaired by Nicolas Firzli, director of the World Pension Council (WPC) and member of the advisory board to the World Bank Global Infrastructure Facility (GIF).
Multiemployer Pension plans, which are operated by groups of companies together with officials of a union that represents their workers, oversee roughly $500 billion in assets under management. Such plans are common in sectors like the building trades, where the workers move from job to job, taking their benefits with them. The trucking, retail and mining industries also have many multiemployer plans. The Pension Benefit Guaranty Corporation estimates that about 10 million Americans are earning or receiving pensions from the roughly 1,400 multiemployer defined benefit pension plans in the US. While the financial crisis greatly impacted the funded status of these plans, they have recovered significantly since 2009. The conference will explore the perspectives of senior Multiemployer Pension investment professionals and how they are managing not only the volatile equity markets, but also the low interest rate environment.
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