Gina Raimondo, the state treasurer whose pension overhaul drew criticism from unions, Rolling Stone, Forbes, and elsewhere, will be pursuing a higher office.
Tony Clark,
CIO of the $27 billion fund, is also accused of withholding investment
information regarding Tiger Asset Management, according to internal legal
documents.
Aon Hewitt
has found that the proposal to increase PBGC premiums could incentivize plan
sponsors to pre-fund, settle liabilities, and adopt de-risking strategies.
Research from State Street Global Advisors, shared exclusively with aiCIO, has found the last two weeks in December are the optimum time to buy small caps.
Following the state pension CIO's resignation over alleged misconduct, Pennsylvania's treasurer has called for the removal of the board chairman, as well.