Although the first quarter was a wipe-out for plans, a surge in a special-strategy segment of the portfolio limited the damage in the smallest state.
Designed to fly high during slumps, a bunch of them have disappointed, big time.
Company retirement systems dropped to an 82% average funded ratio, the lowest level since 2016, thanks to the coronavirus.
Corporate debt could hit ‘wall of maturity’ in a few years, Morningstar panelists say.
Francis Blair will help PSP Investments debt division’s focus on distressed companies.
Gov.-elect Murphy hopes to meet or beat Gov. Christie’s state contribution plans.
Sees strongest support from Japan, Korea, Canada, and Germany-based institutional investors.
Blames regents for ‘policy flip flop’ and ‘political gamesmanship.’
Report cites empty promises from Social Security, DB programs as the cause.