Pension alleges the company’s chairman, Vince McMahon, diverted company resources to support a new, unrelated venture.
Pension’s unfunded liabilities making it difficult to hire, retain teachers.
“Rather than trying to predict and time interest rate levels, we think investors do better over the long-term through careful security selection in spread sectors.”
As stocks soared in 2019, the funds saw investor exoduses amid lackluster returns.
CIO’s Innovation Award Winner for Endowments, Mark Baumgartner of Institute for Advanced Study, discusses leading a portfolio that is dedicated entirely to alternative investments.
From corporations to endowments, CIOs deal with idiosyncratic matters, depending on the sector.