Private equity saw the biggest drop, 9.6%.
Treasurer’s initial proposal of 30% diverse dismissed as ‘arbitrary and limiting.’
Many corporate pensions limit their return-seeking assets to traditional equities. But what happens when the market environment is unfavorable for this asset class?
Special fiduciary warned the fund would be depleted by 2025 without action.
Union warns a strike is likely if the company shutters the defined benefit plan.
The 2008 credit crisis highlighted the risks associated with having large sums of money invested in opaque, illiquid assets.