Connecticut Governor Strikes Deal to Save State Pension
New deal would provide ‘hundreds of millions of dollars in budgetary relief’ for the troubled state pension.
New deal would provide ‘hundreds of millions of dollars in budgetary relief’ for the troubled state pension.
Democratic-led bill faces stiff opposition from Republicans.
Fund’s private equity portfolio pulls returns to 6.1% as equities, timberland lag.
Fund suffered 2.6% loss in 2018, with a plunge in stock holdings.
Unfunded liabilities nearly double in seven years to $21.2 billion.
Returns are up more than 11% so far in 2019.
Then, the 3-month Treasury could dip below the 10-year, and dispel this dreaded recession portent.
Space has returned 10.2% over the past decade.
Despite the present ‘Goldilocks’ economy, Christopher Ailman is keeping a sharp eye on the president’s Twitter page.
UK regulator says incentives to sell annuities led to conflict of interest.
Past returns over five years are lower, at 6.5% annually. The fund cites investing uncertainty in standing pat.
Brexit woes, global economic uncertainty amid fund’s top concerns.