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Testimony Presented by Dr. Susan Mangiero to ERISA Advisory Council Working Group on Hard to Value Assets (PDF)
Pension Governance, LLC Link to more items from this source
[Opinion]
Sept. 22, 2008
14 pages. Excerpt: I concur with others who assert that additional regulation would be redundant and arguably counterproductive. For one thing, empirical evidence suggests that a 'one size fits all' mandate could induce perverse outcomes. Plan sponsors may get overly scared about investing in 'hard to value assets' and ignore them altogether rather than conducting a thorough analysis as to their suitability. I don't believe it is the current intent of any regulator to have plan fiduciaries automatically shrink the universe of possible product and/or strategies.

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