Prefunding of pension commitments in OECD economies is increasingly seen as a central strategy to cope with the aging of their populations. This paper argues that investments in emerging markets can help at the margin but are unable to solve the demographic problem. While these investments bring...

The authors discuss ‎several concepts under ERISA that can present challenges for sponsors of a non-US fund that seeks investors that are subject to ERISA, if ERISA-related matters are not adequately taken into account from the fund's inception when structuring the fund