Public, Church Pension Plans Face Similar Challenges
Alternative strategy seeks to increase returns, improve funded status, avoid ‘death spiral.’
Alternative strategy seeks to increase returns, improve funded status, avoid ‘death spiral.’
For the seventh straight year, private equity is the top performer for US public pensions.
Fundraising for first half of 2019 was only a fraction of last year’s record.
Survey tracks best practices and vendor experience/capabilities.
Funded rate of 100 largest DB corporate plans drops to 87.9% during month.
Funding level falls to 95% from 97%.
PBGC multiemployer program is expected to run out of money in six years.
Market volatility, active management worked against all plan types.
Total returns for the first half of the year register a robust 10.2%.
The 100 largest US public DB plans saw a $50 billion rise in funding during the quarter.
Returns are up more than 11% so far in 2019.
Space has returned 10.2% over the past decade.
The $8.9 billion in inflows in the first six months smashes 2018’s full-year record.