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.
Pension fund hires nonprofit veteran Veena Ramani as first director of stewardship, among other additions.
An overallotment for State Street becomes a windfall for the female- and minority-owned firm.
Push to consolidate underfunded small retirement programs under the state-level system is being considered in other states.
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.