Maryland State Retirement System Loses 3% in Fiscal Year 2022
Despite the loss, the pension fund beat its benchmark by 53 basis points.
Despite the loss, the pension fund beat its benchmark by 53 basis points.
Central banks in emerging markets have hiked at different speeds, with the best currency gains going to an aggressive Brazil.
In three decades, both asset classes went south at the same time in only nine quarters, and two of them occurred this year, says Panama’s Santiago.
Market slump causes $262 billion drop in U.S. public pensions’ funding levels in June.
A lot of wise souls think that goal is achievable—despite the heavy weather blocking the way.
Commonwealth’s McMillan thinks it has two half-point increases ahead, and that’s it.
Touted as a bulwark against recession, it could draw down quickly—and it is concentrated at a few big companies.
Higher rates are no friend to bond portfolios, but they make life easier for DB plans.
Probably not, says LPL’s Detrick, as he trots out some historical precedents.
Natixis’ Lavorgna sketches out how higher prices shrinks consumers’ income—and imperil the economy.
Corporate profits are falling back to a more normal pace (absent some nightmare scenario intruding).