$1.7 Trillion Collective Trust Fund Industry Holds Legal and Business Professional Gathering

NEW YORK, May 28, 2013 /PRNewswire/ -- The Coalition of Collective Trust Funds held its first annual in-person meeting in New York on May 10.  The meeting brought together over 50 investment professionals from more than 25 firms to discuss business and regulatory developments affecting collective trust funds, an increasingly popular investing vehicle for retirement plan participants.

Featured presenters included Joel Miller, head of the Office of the Comptroller of the Currency's Asset Management Division and senior analyst John Hsu, CFA of Cerulli Associates (www.cerulli.com).  Mr. Hsu shared insights gleaned from a recent survey co-sponsored by Cerulli and the Coalition showing assets under management of over $1.7 trillion as of December 31, 2012 across the 20 largest collective trust fund sponsors.  Coalition chairman Kevin Lyman of Invesco National Trust Company said, "The meeting was a great opportunity to hear from industry experts and discuss the latest developments shaping the rapidly growing collective trust fund market."

Collective trust funds are bank-sponsored investment vehicles for the collective investment of retirement plan assets.  While in many respects structurally similar to mutual funds, collective trust funds are created pursuant to banking law and are governed by a different regulatory framework. 

The Coalition's annual in-person meeting supplements regular update calls, webinars and benchmarking surveys for members throughout the year.  Since its launch in April 2012, the Collective Trust Fund Coalition includes 29 member firms representing various facets of the collective trust fund industry.  The Coalition serves as a forum for sharing best practices and discussing topics of interest to collective trust fund sponsors and service providers.  To join or for more information please visit www.ctfcoalition.com or contact [email protected].  For more information on Cerulli Associates' CTF research please contact [email protected].

CONTACT: Clifford Kirsch, [email protected]

SOURCE The Coalition of Collective Trust Funds