Asset Allocation
When Tech Firms’ AI Exposure Increases, So Do Public Pensions’
Exposure to ‘AI-related’ companies could be over $700 billion among the top 25 public pensions funds, according to Equable.
Tag: public pension funds
Pensions
Public Pension Funded Ratios Decline to 87.4% in September
Market losses during the month erased $112 billion in funding for the 100 largest U.S. public pensions.
Pensions
U.S. Public Pension Funds Consider AI for Productivity Uses
Funds are using artificial intelligence tools to automate routine functions where errors are recoverable and human review is routine, NCPERS reports.
Pensions
Market Turmoil Sparked by Iran War Wiped Out $233B in Public Pension Funding
A 3.5% aggregate investment loss for the 100 largest public defined benefit plans in the U.S. sent their funded ratios sharply lower in March, according to Milliman.
Asset Allocation
Public Pensions’ Growing Private Investments Expected to Further Raise Volatility in 2026
Conflicting trends of asset outperformance and risk driven by increasing workplace disability claims are expected to affect the funds, according to S&P Global.
Newsmakers
LACERA Promotes Luis Lugo to CEO
The former deputy CEO succeeds Santos Kreimann, who announced in January that he was stepping down for health reasons.
Pensions
Public Pension Funds Remain in ‘Fragile State,’ per Equable Report
For the 17th straight year, public pensions remain below 90% funded.
Asset Allocation
Funds Are ‘Getting Back to Basics,’ Refocusing on Long-Term Returns
Pension and sovereign wealth funds are prioritizing returns over liquidity, according to the OMFIF’s annual review.
Newsmakers
Maryland Retirement Agency Hires Deputy CIO
Thomas Kim has joined the $67.7 billion Maryland State Retirement and Pension System.
Pensions
US Public Pension Funds Sensitive to Market Correction, per Fitch Report
Investment volatility has re-emerged as a concern for pension plans.
Asset Allocation
Public Pensions Remain Active in Adapting Allocations
U.S. public pension managers are confident their plans are well-hedged against inflation, as they plan to increase allocations to commodities and boost infrastructure investing.
Pensions
Equity Gains Boost U.S. Public Pension Funding Status, Says Milliman
The 100 largest public pensions’ aggregate funded level now totals 74.7%, as of the end of November, advancing from 71.6% the prior month.
Market Moves
Market Volatility Erases More Than 5 Percentage Points from Public Pension Funded Ratios in September
Investment losses for the 100 largest public pensions ranged from 3.3% to 9.6% during the month.
Research
New Report Measures Public Pension Health
NCPERS publishes new metrics to evaluate the sustainability of state and local funds.
Asset Allocation
Average Public Pension Assumed Rate of Return Hits 40-Year Low
More than half of funds tracked have cut their investment return assumption since fiscal year 2020, NASRA says.