Numerous guests have hinted at the capital market forecasts they or others have made with the common theme of anticipating lower returns than we had in the last decade. I thought it might be timely and helpful to steer into this and talk about what that could mean for workplace retirement plan investment menus. With me today, I have Andy Pyne, Executive Vice President and Equity Strategist at PIMCO to dive into the equity piece of the conversation. We start with a quick discussion on the go forward predictions about growth and what that means for the markets, what late cycle means, address some of the challenges active managers had in the last decade and what the next decade could mean for them and whether plan sponsors as well as participants are performance chasers. Andy also shares some specific investment concepts workplace retirement plans should consider going forward.
Mr. Pyne is an executive vice president and strategist in the Newport Beach office, focusing on PIMCO’s equity strategies. Prior to joining PIMCO in 2011, he was a managing director and client portfolio manager for fundamental equity at Goldman Sachs Asset Management, serving as a member of the growth team investment committee. Before joining Goldman Sachs in 1997, Mr. Pyne was responsible for product management at Van Kampen Investments. He has 26 years of investment experience and holds an undergraduate degree in business/economics from Wheaton College in Illinois.
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