Pension Plan Funding Update

Liabilities and asset returns have been mirror images of each other over the last two years.  This parallel relationship has been an issue for many pension plan CFOs, Treasurers and Boards who are trying to manage and control their funded status volatility.  But, this isn’t just an issue, this volatility is also an opportunity for plans to improve their funded status through full-time glide-path monitoring and de-risking and re-risking when appropriate.

Read more on the current status of pension plan funding here.

Nick Botticelli, Director

Nick is a Director at Hirtle Callaghan in the Investment Strategy Group, a member of the Investment Policy Committee and the Head of Pension Portfolio Management.  Prior to joining, Nick spent over 16 years at Verizon Investment Management Co. Most recently Nick was the Executive Director of Global Public Assets where he reported directly to the CIO of Verizon Investment Management.  Nick was responsible for manager selection and due diligence of $40 billion globally in Global Equities, Global Bonds, Hedge Funds, Currencies and Commodities. In addition, Nick served as one of the three person asset allocation committee deciding on the strategic and tactical direction of the pension plan. Recent large projects included a $7.5 billion pension risk transfer, 401k target date diversification and the addition of liability driven investments to the pension portfolio. Nick was responsible for the public investments in five different trusts including Defined Benefit, Defined Contribution, VEBA’s, Captive Insurance and Foundation. He is a graduate of Pace University.

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