Some of them aren’t as pretty as they look, by playing games with how fees are calculated.

The San Francisco retirement system has managed to beat its annual expected rate of return for the 2018-2019 fiscal year despite a volatile equity market.

Geopolitical uncertainty, market volatility and monetary policy are likely to converge in the second half of 2019. Explore how these dynamics will influence gold’s performance in a portfolio.

Past returns over five years are lower, at 6.5% annually. The fund cites investing uncertainty in standing pat. 

Buyout plans were expected to save $423 million, but only saved $13.1 million.

“Phil is one of the true leaders of our investment team. From a business perspective, he fully grasps both the technical aspects and the dynamics of the market, often coming up with approaches that some of us may not have considered.”