Pennsylvania to Move $2.4 Billon in Equity Investments into Passive Investing
Treasurer says the change will save the state $5 million a year in fees.
Treasurer says the change will save the state $5 million a year in fees.
Approximately 68% of investors are looking to reduce their cash holdings by year-end, showing their willingness to take on risk, survey says.
University says high returns justify the cost of actively managed investments.
Economic development in emerging markets is predicted to be led by rising levels of education, infrastructure investment, and innovation.
The bank’s big growth area continues to be broad beta ETFs.
Citigroup’s von Moltke to join the firm in July, and lead intensive cost-cutting efforts.
88% of respondents believe the S&P Index will be higher in 2017 than last year.
Industrial properties, followed by multifamily homes and self-storage properties, are of most interest.
Partners tout benefits of blockchain platforms to help industry comply with regulations, among other benefits.
Jeff Blazek rejoins firm as a managing director and chief investment officer within the firm’s pension practice.
Pew report says states are paying billions of dollars in unreported fees.
Funds play a positive role in pre- and post-retirement, ITF says.
Over the past five years, investment returns added $1.2 billion to the state’s retirement system.
Deficit drops to $247 billion from $275 billion.
Change driven by lower assumed rate of return, salary increases, and weak investment returns