The five-member team will advise the fund on potential climate-related investment risks and opportunities.
Thomas Kim has joined the $67.7 billion Maryland State Retirement and Pension System.
Strong gains from public equity investments raise the portfolio’s asset value to $65.2 billion.
War and international tension spell increased arms spending and, thus, higher military contractor share prices.
The new position is intended to help staff handle a growing workflow.
U.S. manufacturing can’t compete on cost, but it has a leg up in some areas.
Despite the loss, the pension fund beat its benchmark by 53 basis points.
A lot of wise souls think that goal is achievable—despite the heavy weather blocking the way.
