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.
Lyle Fitterer will join Baird Advisors as managing director, senior portfolio manager and co-lead of municipal strategies on August 6.
D.A. Davidson & Co. has added several new hires to its financial institutions group.
An Illinois hoses plan hired a new investment consultant earlier this year.
A Great Lakes-area pension plan made a change in non-U.S. equity manager lineup.
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.
Columbia Threadneedle Investments has appointed Stuart Jarvis as a senior research director.