In The News
Baltimore, MD (July 31, 2019) — The Board of Trustees of the Maryland State Retirement and Pension System today announced that its portfolio returned 6.46% percent, net of fees, on investments for the fiscal year that ended June 30, 2019—falling short of the System’s 7.45% assumed actuarial return rate. The fund’s performance raised the system’s assets to $54.2 billion, an increase of $2.4 billion over last year.
NASHVILLE — In a state where many in the Republican-dominated government, including Gov. Bill Lee, oppose legalizing even medical marijuana, it turns out that Tennessee’s massive $52 billion retirement system stands to benefit from an investment it has in the soaring pot industry.
A plan that allowed some pension enrollees to cash in early on their earned retirement benefits in exchange for curbing future benefits has so far generated only 3% of its expected savings.
Baltimore, MD (July 26, 2019) —The Board of Trustees of the Maryland State Retirement and Pension System (MSRPS) today voted to reduce the System’s actuarial assumed rate of return on its investments from 7.45% to 7.40%. The System’s lower rate will be effective beginning in fiscal year 2021.
Institutional investors have been using their financial heft to urge corporations to go green. But now they are asking Congress to do more — to get regulators to ensure transparency and consistency when it comes to reporting risks.
As many state pension plans struggle with severe underfunding, the Wisconsin Retirement System stands out with a funded ratio above 100 percent.
Real return is the $76 billion plan’s best-performing asset class.
The trustees of the massive trust fund, commonly known as LACERA, have taken hundreds of trips across the country and overseas in recent years, excursions that have cost the fund more than $1.3 million since 2015, according to a Times review of internal documents.
Stamford Associates is a leading London-based global investment advisory firm, that creates a unique edge by (among other things) integrating behavioral psychologists into the investment analyst teams.
The American Investment Council released its 2019 Public Pension Study, which analyzes investment returns by 165 U.S. public pension funds and highlights how private equity continues to deliver the highest returns of any asset class.