On-demand webinar

Market update:
Keep your seatbelts fastened

Join us for a recap of Q1 2023 performance of key asset values, pension discount rates, and the funded status implications of these movements on defined benefit plans.


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Following a tumultuous end to 2022, markets rallied in January amid optimism that global central banks would soon halt interest rate hikes – with the possibility of even cutting rates by the end of this year. But this was followed in March by several significant U.S. bank failures that rattled the markets. As we said in February, it’s going to be a bumpy year, and we don’t see it settling down any time soon.

Our speakers will discuss:

  • Q1 2023 investment returns
  • Interest rate changes and the impact on pension liabilities
  • Pension funded status
  • Outlook for 2023

About our speakers

Jeff Gabrione-formattedJeff Gabrione, CFA | Jeff heads Buck’s U.S. manager research function within the Investments group and is responsible for manager due diligence and investment research across all asset classes. With more than 30 years of investment industry experience, including manager research and guidance, he works with consultants and clients on asset allocation and portfolio construction.

Mike Mecca - reformattedMike Mecca, CFA | Mike is a Principal and Chief Investment Officer and North American Practice Leader for Buck’s Investment Consulting group. He specializes in investment consulting services for endowments, foundations, insurance companies, and defined contribution and defined benefit pension plans. He has more than 30 years of experience in the investment management industry (portfolio management, manager research, consulting) and is a CFA Charterholder.