In The News
This October, as the U.S. stock market fell by -2.16% (as measured by the Russell 3000), the Rhode Island pension system declined by only -1.09%, benefitting from the diversification of the plan’s Back to Basics investment strategy and ending the month with $8,680,681,661 in total plan assets.
Institutional investors like pension funds and hedge funds have seen their opportunities vary, but they’re making the most of the situation.
Lawrence County government’s pension fund has more money now than ever before.
The pandemic is going to reveal to the world how important wellness is, according to Lionstone’s Bryan Sanchez, which he adds will change the way property investors consider geographies and certain categoisations.
While asset managers are optimistic that market conditions will stabilize and improve, they still point to strategies investors can consider in the current environment.
At BlackRock, top executives like its global head of platform for Aladdin, head of iShares, and head of ESG investing have backgrounds in consulting.
There was political uncertainty and a spike in COVID-19 cases.
U.S. stocks jumped, nearing a record 30,000 on the Dow, after Moderna said preliminary trial data showed its coronavirus vaccine is more than 94% effective.
The state’s full contribution led to a fourth straight year of higher funding levels, as the pension issue continues to roil the legislature.
The main state-employee pension fund has recovered significantly from the coronavirus-linked stock market sell-off back in March, according to State Comptroller Thomas P. DiNapoli.