Portfolio gains roughly $876 million in last two months of year to raise asset value to a record $9.5 billion.
Tag: Rhode Island
Andrew Junkin will lead the state pension system’s investment operations after 15 years at the consulting firm.
Although the first quarter was a wipe-out for plans, a surge in a special-strategy segment of the portfolio limited the damage in the smallest state.
When the crisis abates, the gap between well-funded plans and the others will be even larger.
Rhode Island city had been sued for suspending police, firefighter COLAs.
Legislation would require church plans to follow ERISA standards.