MML periodically asks industry executives and experts to comment on current issues of import to business. This week, we've asked plan sponsors and consultants to comment on consolidation in the consulting sector, and we've asked a regulatory expert to comment on the new financial reform legislation.
Reed Royalty, trustee, Orange County Employees Retirement System: I don't have any animosity toward any of our managers but I've said for months that someone should go to jail.
Carl Hess, Global Head of Investing, Towers Watson: The turmoil of the markets--both the sudden decline and the bounce back--created stresses in many funds, as they faced solvency and liquidity management issues as well as the dilemma of how and when to rebalance asset categories that all appeared to have seemingly unlimited risk.
Every issue, MML poses reader questions to consultants. Is there something you’re dying to ask? Let us know by contacting Mark Fortune, managing editor, at (212) 224-3129 or mfortune@iinews.com.
What are your predictions for the investment environment and asset allocation shifts in 2010?