Mark Anson was president of Nuveen Investments until early April, when he moved to Oak Hill Investment Management Group as managing partner and chief investment officer.
In this program, a recording of his address at Pensions & Investments' East Coast Defined Contribution conference held in early March, Mr. Anson discusses the investment environment of 2008 – when risk was punished – and 2009 – when financial markets returned to more normal equilibrium. And looking ahead, he says 2010 is about alpha capture – an investment environment that favors active management. Because even while financial markets are returning to normal, there remain several economic question marks such as weak pockets in the economy, huge money supply and deficit spending and the government's need to begin to withdrawal the massive stimulus that helped end the recession. Finally, he outlines his idea for a new, low-risk portfolio that 401(k) participants – and their plan sponsors – might find intriguing.
James M. Delaplane is a partner in the benefits group at Davis & Harman, where he represents financial institutions, employers and public policy organizations on employee benefits, financial services and tax matters. He is also Pensions & Investments' favorite Washington insider.
This program is a recording of Mr. Delaplane's keynote address at DC East. In his keynote, Mr. Delplane dissects the current legislative and regulatory environment for DC plan sponsors. Among the nuggets he delivers: there will be little legislative action in 2010 that comes to fruition that will affect DC plans; however, plan investment issues are increasingly becoming a focus in Washington. Also, two marquee initiatives – the Auto IRA and expansion of the savers credit, are likely to see some sort of action.