Mass PRIM Reports 6% Gain in Fiscal 2023 to Raise Asset Value to $96.6 Billion
But the Massachusetts state pension fund missed its benchmark’s return by nearly 300 bps.
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.
The portfolio’s market value dropped by more than $2 billion last year to $20.2 billion.
Wisconsin’s Select Equity fund, launched just four months ago, aims to use such techniques as long-short pairings.
However, the Joint Staff Pension Fund’s asset value had recouped more than half of those losses by July 20.
Hill was most recently managing director and head of the sustainable energies group at Canada’s largest pension fund.
The returns are expected to reduce the city’s required contributions to the pension systems by approximately $550 million over the next five years.
The Meghraj Group pension’s sponsor was ordered to pony up nearly 2 million pounds following a dividend payment probe.
Despite the loss, the fund’s AUM grew to approximately $595 billion thanks to a 4% share transfer from Saudi Aramco.
Carl Astorri will lead the A$300 billion pension fund’s UK investment team.
The proposed reduction would cut the combined employer and employee contribution rate to 16.2% from 31.4%.
It’s trickier for some, like the Norwegian program, which is funded by North Sea oil.
The pension fund accuses Aon of breach of contract, breach of fiduciary duty and negligence.
The former head of Bloomberg’s alternative investment strategy joins the Merced County Employees’ Retirement Association.
The sovereign wealth fund promotes a long-tenured investment veteran who had been deputy CIO since 2021.