World Bank, Washington, expects to complete asset-liability studies on its $1 billion benefits plan (which is used to pay health benefits) and $11 billion defined benefit pension plan by early October, said Ronald van der Wouden. The results will help World Bank determine the long-term investment policy for each of the plans, he said.
Separately, World Bank is performing due diligence on new hedge fund managers specializing in long-short strategies and expects to hire two for its defined benefit plan by the end of the year, said Jin Park, investment officer.
