Attention DB plan sponsors: Do your homework on hedge funds. The Government Accountability Office last week called on the Department of Labor to provide more uniform guidance on the quasi-asset class, now increasingly used to juice pension plan returns.

"The lack of uniformity among hedge funds and private equity funds is itself an important issue to convey to fiduciaries, and highlights the need for an extensive due diligence process preceding any investment," GAO wrote in a letter to Labor. For more on hedge funds, and other alternative DB investments, read these articles in the September issues of EBN.

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