Institutional Investors

US Department of Labor eyes guidelines for pension schemes


A US Department of Labor advisory body has revisited the issue of pension plan investments in hedge funds in 2011, but a full report on the subject is expected this year.

Both the Government Accountability Office (GAO) and the US Department of Labor advisory body have recommended that the department publish guidance for plans that invest in alternatives. This has yet to happen, but that is in part because of a concern over the lack of uniformity among such investments.

In its latest report, the Government Accountability Office recommends that the Secretary of Labor