Pensions
Corporate Pension Funded Status Mixed in August
Some trackers saw their first decline in funded status in months, during a 'tumultuous' month for equities.
The company's investment staff will join GSAM, following one of the largest OCIO mandates to date.
Returns for the 100 largest U.S. public plans during the month ranged from a loss of 1% to a gain of slightly more than 1%, per Milliman.
A rise in discount rates helped most statuses increase last month, according to multiple pension trackers.