Newsmakers
Massachusetts PRIM Proposes $1 Billion Investment to Boost Diversity in Managers
The pension fund’s board will vote Dec. 2 on whether to approve the recommendation from its investment committee.
Tag: Massachusetts Pension Reserves Investment Management (MassPRIM)
Asset Allocation
Little-Known RhumbLine Advisers in Line for $1 Billion PRIM Allocation
An overallotment for State Street becomes a windfall for the female- and minority-owned firm.
Pensions
Local Pension Plans Benefited from Shifting Money to MassPRIM, Report Says
Push to consolidate underfunded small retirement programs under the state-level system is being considered in other states.
Asset Management Culture
Massachusetts Ramps Up Diversity Guidelines
The state’s PRIM Board will vote against nominees if less than 35% of the board is diverse in terms of gender and race.
Risk
MassPRIM Misses Fiscal Benchmark by a Hair
Fund’s private equity portfolio pulls returns to 6.1% as equities, timberland lag.
Mass PRIM CIO, Cliff Asness Talk Career Lessons at Pension Bridge
Michael Trotsky reveals early challenges at the Bay State fund, Cliff Asness describes vexations of serving on an endowment committee.
Asset Allocation
Consultant’s ‘Less Optimistic’ View of Equities Leads Massachusetts to Consider Portfolio Re-Allocation
Board considers ‘incremental increases’ to private markets exposure to deliver long-term benefits.
Asset Management Culture
MassPRIM’s CIO Gets a Cool 5.3% Raise, Full Bonus
Michael Trotsky’s strong performance at the $71.8 billion pension fund bumps his annual pay to almost $500,000.