A city in the Southwest has consolidated its retirement plan administration through Nationwide.
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.