Why are Taft-Hartley Plans Turning to SEI's Manager of Managers Program?

Unions have traditionally relied on a combination of in-house capabilities and professional expertise to manage pension assets. Most often, these outside experts include actuaries, consultants and investment managers. In this framework, the consultant may act as a facilitator for key decisions such as the setting of asset allocation policy, the analysis to hire investment managers and the ongoing reporting of performance relative to stated benchmarks. In the end, however, the plan trustees are left with the bulk of the responsibility for day-to-day decision making and execution: actually hiring and firing managers, re-allocating assets to the strategic asset allocation, documenting policies and ensuring compliance, and evaluating future investment opportunities, to name a few.

Why are Taft-Hartley Plans Turning to SEI's Manager of Managers Program? (PDF)