Tag: Dale Folwell
Investment rate cut is the third made by the state in the past four years.
State Treasurer Dale Folwell credits a conservative investment strategy for the fund’s strong performance.
The fund’s portfolio has added nearly $15 billion in value since markets tumbled in March.
Bill before legislature is sparked by anger over a county employee who won government retirement benefits after embezzling nearly $1 million.
Asset Management Culture
‘You can’t be a gambler, and you can’t profess to have a crystal ball,” says state treasurer Dale Folwell.
Fund now projected to meet return expectations over the next 30 years.