Virginia Will Lower Assume Rate of Return for Its Retirement Fund
The state’s system will make changes to asset allocations and benchmarks, too.
A large move into equity factor investing was key for largest US pension.
Fund beats 2018 performance and assumed rate, but just misses benchmark.
Sovereign wealth fund’s assets grew to A$162 billion, as it overcomes a ‘complex investment environment.’
Private equity investments help increase fund’s market value to $78.6 billion.