Citing a potential quarter of a billion loss due to coronavirus, the University of Delaware President Dennis Assanis announced cost-cuts and tapping into UD’s billion-dollar-plus endowment.
What Illinois needs is a road map to reform that’s readily available when the state’s finances finally break down. At Wirepoints, we’ve laid out a path for fixing Illinois’ biggest problem: pensions.
“Everyone loves to hear about culture now,” according to Willis Towers Watson’s Sara Rejal, who noted during a panel discussion at the Absolute Returns Conference Digital 2020 conference on Wednesday that funds are interested in a broader due diligence particularly with its hedge fund and alternative strategy partners.
Whether the grass, or the pension fund return, is a more lucrative shade of green on the other side of the Municipal Employees’ Retirement System, is the subject of an ongoing inquiry by officials.
Trustees of the $57 billion pension fund for public school employees bet $100 million on a new investment with an I-Spy name —”Project Newton”— run by a manager PSERS wouldn’t name.