Alternatives
Private-Market Performance Under Pressure
Higher borrowing and input costs mean broadly buying the market does not guarantee the level of returns investors came to expect from private assets.
Tag: Massachusetts Pension Reserves Investment Management (MassPRIM)
Pensions
MassPRIM Sees 12.7% Return in Fiscal 2026
Assets managed by the Massachusetts Pension Reserve Investment Management rose to $129.5 billion, as a few companies drove equity outperformance in concentrated markets.
Pensions
MassPRIM Returns 9.6% in Fiscal 2025
Massachusetts Pension Reserves Investment Management assets rose to $115 billion.
Pensions
MassPRIM Reports 9.1% Return in 2024, Assets Reach $109.7B
PRIM’s returns in 2024 were driven by a boom in equities.
Pensions
Mass PRIM Achieves 9.9% Return in Fiscal 2024
Assets of the PRIT fund reached a record $105.3 billion at the end of June.
Pensions
Mass PRIM Allocates More Than $2B to Credit Managers in New Commitments
The pensions board approved $3.5 billion in total commitments, and saw its assets grow to $104.2 billion.
How Investors Are Utilizing Artificial Intelligence
Generative AI tools show promise but, for now, are mostly used for clerical tasks.
Asset Allocation
MassPRIM Adopts New Asset Allocation
The Bay State’s investment management board seeks to achieve a 7% annualized rate of return while accepting no greater than a 20% drawdown.
Asset Allocation
U.S. Large-Cap Equities Drive Mass PRIM’s 11.4% Return in 2023
The Massachusetts state pension fund fell just short of its benchmark, as its asset value grew to more than $100 billion.
Alternatives
Slowdown in PE Exits, M&A Activity Leads to Smaller, Slower Distributions to Public Pension Funds
Some funds with significant allocations to private equity are facing a negative cash flow from PE distributions.
Pensions
MassPRIM Developing AI Model to Aid Investing
Starting with ‘baby steps,’ the fund plans to eventually incorporate decades of the pension fund’s data.
Pensions
Mass PRIT Fund Returns Remain Up Despite Market Forces
Alternative investments helped the $95 billion pension fund outperform the markets in the most recent quarter, and the fund saw a $7.8 billion gain in the 12-month period that ended September 30.
Asset Allocation
Mass PRIM Reports 6% Gain in Fiscal 2023 to Raise Asset Value to $96.6 Billion
But the Massachusetts state pension fund missed its benchmark’s return by nearly 300 bps.
News
Mass PRIM Beefs Up Staff, Adds Stewardship Position
Pension fund hires nonprofit veteran Veena Ramani as first director of stewardship, among other additions.
Newsmakers
Mass PRIM Surpasses $100 Billion in Assets
The milestone was reached after the pension reported the highest annual returns in its 35-year history.