
Newsmakers
Maryland State Pension CIO Andrew Palmer Announces Retirement
Palmer, CIO of the Maryland State Retirement and Pension System since 2015, expects to step down this summer.
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.