As inflation rises, bank deposits fall by nearly $370 billion in the second quarter—the largest decline in 20 years.

Portfolio beats benchmark thanks to a private equity allocation exceeding the pension fund’s ‘allocation range tolerance.’

Ruling shoots down BT, Ford, Marks and Spencer pension funds’ challenge to reforming inflation calculation.

Join CIO on September 20 for a conversation with San Bernardino County Employees’ Retirement Association’s CIO Donald Pierce. He’ll discuss the decision to move out of international and emerging markets stocks and more into U.S. equities, how the fund is managing global and domestic fixed income in a time of rising interest rates and inflation, and much more. Register today.

Governor Ron DeSantis and other GOP pols seek to stamp out sustainability-minded investing, charging that it delivers poor results.

Japan’s GPIF remains the largest pension fund in the world for the 20th straight year.