Assets in State-Facilitated Retirement Plans Top $1B
Led by programs in California, Oregon and Illinois, the pace of savings growth in state plans is accelerating.
Led by programs in California, Oregon and Illinois, the pace of savings growth in state plans is accelerating.
Following a weak 2022, the Government Pension Fund Global’s market value rose to $1.443 trillion at the end of June.
He will succeed Rupal Bhansali, who is leaving to start her own firm.
Those stocks, such as Altria and Verizon, carry the top yields, but their flagging prices negate the sweet payouts, according to Bespoke.
Leo Grohowski will retire at the end of the year after 16 years leading the firm’s investment strategy.
Casting aside budget hawks’ concerns and inflation upticks, the firm applauds the industrial policy under the Biden Administration.
The $315.6 billion pension giant expects portfolio companies to disclose Scope 1 and 2 emissions, at a minimum.
Theorem Fund Services allegedly misappropriated and misused investors’ funds.
Labor and mineral shortages, plus other problems, stand in the way, a bank study says.
But the Massachusetts state pension fund missed its benchmark’s return by nearly 300 bps.
July sees fourth consecutive month of improved U.S. corporate pension funding.
Technology leaders are off since mid-July, amid new investor wariness and concerns over their high valuations, the research firm contends.
The portfolio’s market value dropped by more than $2 billion last year to $20.2 billion.