Connecticut Transfers $1.3B in Excess Revenues to State Pension Funds
The transfer, under the state’s volatility cap program, will add $685.1 million to the employees’ system and $618.9 million to the teachers’ pension fund.
The gains raised the pension giant’s asset value to more than $2 trillion.
It is the second time in two months Norway’s $2.4T sovereign wealth fund invested in shopping centers—and only the third time ever.