A township in Pennsylvania has hired ICMA Retirement Corporation as its bundled provider.
Plan consolidated assets with existing intermediate fixed-income manager.
A state plan in the Northeast issued its RFP seeking a passive short-term fixed-income manager today.
A Mid-Atlantic county deferred compensation plan issued an RFP in an effort to consolidate its service providers.
A large county pension fund on the West Coast disclosed recent investment transaction and hedge fund terminations.
A pension fund in New England has concluded its GTAA manager search by retaining its incumbent.
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 pension fund in New England hired a new emerging market debt manager to replace Western Asset Management.
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.