Chris Brockmeyer
Director of Employee Benefit Funds, Broadway League. On 1 show, 1 appearance. The Shows tab opens the full record on each.
1shows
1appearances
13statements
4resolved
3supported
0contradicted
75%fully supported
Everything Chris Brockmeyer said on any show that made the record, most notable first. Each card names its show and opens the statement there.
Why LDI strategies fail in Taft-Hartley multi-employer pension funds
“LDI strategies don't work in Taft-Hartley for a lot of different reasons, but one of which, one major, I would say, political reason is that once you adopt an LDI type strategy, you are basically saying, These are my liabilities. They're not going to change. A…”
Pension governance lag delayed private equity deployment by over two years
“And by the end of the process, it took us north of two years to actually go from the idea of investing in private equity to actually engaging the manager. And then of course, it takes years to actually fund private equity. So, you know, as a result, we missed …”
Pre-2008 Taft-Hartley pension plans avoided private equity and foreign equities
“Well, before 2008, 2009 financial crisis, you would be hard pressed to find a Taft-Hartley plan invested in private equity invested in emerging markets. It just didn't exist. In fact, in some industries, you would not even see plans invested in developed inter…”
Well-funded pension plans reliably trigger union-employer friction over benefit payouts
“The most obvious time where it does is When the union, you know, a plan is really well funded, the union trustees come in and say, we want to increase benefits. Inevitably, the increase being sought will make the employer trustees uncomfortable, and so even if…”
Broadway League funds use internal 7% return targets for conservatism
“A number of funds I sit on, we've established what we consider sort of an internal assumption that we, notwithstanding whatever the actuary certifies with the federal government, will say, You know, we want to use a seven percent return assumption because we w…”
One Broadway pension plan allocates 20% to PE, 15% to EM
“I have one plan in particular that the board has decided it needs to try to Really maximize returns and shoot for an eight plus percent return profile. And that means that we have, you know, 20% invested in private equity and 15% in emerging markets.”
OCIO models can be four to six times costlier than consultants
“Relative to the traditional consultants, an OCIO could be four, five, six times more expensive”
New OCIO fired 29 of 30 incumbent managers on Broadway plan
“When we went to an OCIO that had not had any Taft-Hartley experience before, the termination of existing managers and replacement was astonishing. I think there was maybe one manager out of 30 that they kept. Of the existing group.”
Broadway League fired investment consultant after trust eroded during PE process
“Once we finally got to the point where we had gotten the education, the RFP process and the discussions that went on between the consultant, the union trustees and the employer trustees created an environment where one side wasn't trusting the other side. And …”
No Broadway League pension plans exited equities during 2008 financial crisis
“And the 2008, 2009 financial crisis taught us that we should not act based on alarming data, alarming information, and none of the plans I sit on exited equities at any point in time. We just sat there and Bore it out, and we were rewarded in the end because w…”
TARP proved hugely rewarding for the one Broadway pension that invested
“When we had the TARP program came about only one plan I sit on took advantage of TARP and it was, as we all know, is hugely, hugely successful and rewarding for those of us that got into it.”
Broadway League merged its union health plans from 11 to five
“When I started this job a little over 10 years ago, I believe there were 10, maybe 11 health plans, and now there are five. So there have been mergers, substantial, significant mergers on the health fund side.”
One line per show, most statements first. The link opens Chris's full record on that show: the calibration, argument clarity, speaking style and every statement made there.
| Show | Role there | Eps | Statements | Record | |
|---|---|---|---|---|---|
 CAPITAL ALLOCATORSLEDGER | Director of Employee Benefit Funds, Broadway League | 1 | 13 | 75% 3/4 | full record on Capital Allocators → |