If the US lifts the levy to 25% on all Chinese imports, firm sees worldwide economic downturns

Mansco Perry III discusses his formidable long-term strategy.

Actuarial firms, bankers and insurance companies have been urging U.S. defined benefit plan sponsors to transfer their liabilities to a third party. Transferring the total liability has proven too onerous for most plan sponsors, so these institutions have been pitching partial risk transfers (PRT) instead. However, the touted long-term cost savings and pension risk reduction may turn out to be underwhelming, if not elusive.

Lewis joins firm just three days after officially stepping down as Penn SERS CIO.

Report maintains BlackRock lost $90 billion over the past decade due to fossil fuel investments; firm says conclusions are ‘misplaced.’

Fund is fifth FTSE 100 pension plan to complete risk transfer transaction in 2019.