Mark Shulgan will help the municipal retirement system manage a growth equities platform.
Fund’s total asset value climbs to $A146 billion.
Artificial Intelligence? Alternative Data? How tech advances are changing fixed income markets.
Pension reform taskforce recommends cutting 2% adjustments until 2036.
Total number of funds cleared to enact benefits reductions rises to seven.
Many corporate pensions limit their return-seeking assets to traditional equities. But what happens when the market environment is unfavorable for this asset class? We think plans need to examine this vulnerability and consider constructing return-seeking portfolios with three building blocks that may help pursue funded-ratio growth while mitigating funded-ratio drawdowns in more challenging environments.
Whether corporate capex will result in strong GDP and productivity gains remains to be seen as the economy moves to an increasingly technological footing.