Kentucky Public Pensions Authority Names Steve Willer CIO
The $22 billion pension fund also tapped Anthony Chiu as deputy CIO.
News
Average Public Pension Assumed Rate of Return Hits 40-Year Low
More than half of funds tracked have cut their investment return assumption since fiscal year 2020, NASRA says.
Athene, Now Part of Apollo, Was the PRT Champ of 2021
A huge transfer from Lockheed cemented its lead, says S&P, as pension shifting grows.
Be Wary of Single-Stock ETFs, Warn SEC Commissioner, Education Head
Recommending the new product to retail investors without breaching fiduciary duties could be ‘challenging.’
Bill Seeks to Protect Retirement Savings From ‘Woke CEOs’
The proposed Securing Employee Retirement Returns Act aims to codify Trump-era anti-ESG rules.
What Were the 10 Best Stocks in the Last 5 Years?
Not all of them are the FAANGs, like pharma firm Eli Lilly.
Public Pensions Face Sharpest Funded Ratio Drop Since Great Recession
Preliminary 2022 investment losses are estimated at 10.4% on average for state and local plans.
Two Bad Quarters Do Not a Recession Make?
Economic savants spell out why not to get excited by the back-to-back negative numbers.
North Dakota RIO Taps Chad Roberts as Deputy Executive Director
Agency names replacement for Jan Murtha after nearly eight-month search.
Inflows Boost Liquid Alts in a Troubled 2022
After lagging during the stock bull market, the asset class now scores decent returns, says Morningstar.
So What Is the Fed’s End Game on Rates?
Commonwealth’s McMillan thinks it has two half-point increases ahead, and that’s it.
Hawaii ERS Names Howard Hodel Acting CIO
Hodel succeeds Elizabeth Burton for his second stint in the role.
Illinois Teachers’ Plan Is Looking for EM Managers
The underfunded program wants a diversified portfolio that doesn’t underperform in bad times.
Is the July Rally a Temporary Blip?
Tuesday’s dip, led by Fed anxiety and some bad news, is disquieting.
San Bernardino County Moves to Trim Foreign Stocks
The California county’s plan, already low on equities, reduces its stock allotment further due to the world’s troubles.