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.
Preliminary 2022 investment losses are estimated at 10.4% on average for state and local plans.
Economic savants spell out why not to get excited by the back-to-back negative numbers.
Agency names replacement for Jan Murtha after nearly eight-month search.
After lagging during the stock bull market, the asset class now scores decent returns, says Morningstar.
Commonwealth’s McMillan thinks it has two half-point increases ahead, and that’s it.
Hodel succeeds Elizabeth Burton for his second stint in the role.
The underfunded program wants a diversified portfolio that doesn’t underperform in bad times.
Tuesday’s dip, led by Fed anxiety and some bad news, is disquieting.
The California county’s plan, already low on equities, reduces its stock allotment further due to the world’s troubles.
Investment officer joins the consulting and investment firm from the University of Oklahoma Foundation.
The industry group is working on adopting GIPS to apply to outsourced investment management.
Plans for Iowa, Los Angeles County and two other California counties seek class action standing against Goldman and four others.
The pension fund will increase its private asset exposure as fixed income and public equities weigh down the portfolio.
The easing of pandemic lockdowns has sparked hope, although the progress is fitful.
Thanks to the pandemic, some 60% are looking at farming out certain operations, the firm’s survey says.