
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.
Despite the loss, the pension fund beat its benchmark by 53 basis points.
Unreported carried interest accounted for as much as 35% of state pension’s total fees in 2018.