The fund’s board has proposed a 29% decrease for all participants and beneficiaries.
For all three funds, the top-performing asset classes were emerging markets and equities.
19-year veteran had been serving as interim CIO since August.
Expert: March rate hike “already priced in by the market.”
For corporate pension plans singed by drop in discount rates, dips are partially countered by rising market returns.
Spec price drops, rebounds after SEC rejects first exchange-traded fund that tracks Bitcoin.
Companies look to reduce pension risk, as plans continue to be hurt by rock-bottom interest rates and weak performance by bonds.
35% expect the asset class to perform better than it did in 2016, 21% believe it will perform worse.
Reducing discount rates seen as painful in the short term, but set the stage for heftier employer contributions.
By contrast, only £234 million invested renewables and social housing across all funds.
S&P Global Ratings report finds Indianapolis best positioned, Chicago worst.
New managers would account for 30% of all the endowment’s managers specializing in private credit, distressed and other forms of debt.
Move would reduce the pensions of 62 retirees and 135 separated employees by approximately 63%.
Snowy day reflections on 2016 and 2017.
Anbaric Development Partners will build clean energy infrastructure projects, upgrade aging transmission networks.