Markets continue to anticipate muted inflation, and the Federal Reserve to contemplate rate hike in December.
Board votes to liquidate $1.2 million worth of stock in three private prison companies.
However, unfunded status grows as fund continues ‘treading water.’
Think tank says change will not be enough to stave off budget cuts and tax increases.
Fund’s return is the highest quarterly return in five years.
Investment management CEO says ‘disappointing’ returns symptomatic of ‘deep structural problems.’
New policies aim to improve economy’s long-term growth potential.
Asset value rises to $8.2 billion under ‘Back to Basics’ strategy.
Fund also terminates $259 million non-US equity mandate, opens manager search.
Energy sector recovery has positive impact on stock market.
Chairman of $316.6 billion fund cites diversification as motivation for overseas assets.
Long-term portfolio assets rise to $10.9 billion from $9.7 billion.
The Alaska Ironworkers Pension Plan says it will reapply before the end of the year.
Pensions, state budgets “are as vulnerable as they have ever been,” PEW Retirement Officer says.
Changes include increased contribution limits for 401(k), 403(b), and most 457 plans.