In The News
North Carolina’s state pension system has recovered from the stock market’s COVID-19 fallout, the state treasurer said.
UMass retirees top the state’s $5.44 billion pension system, with the university’s former President William “Billy” Bulger set to pocket nearly $272,000 this year, records say.
Double-digit stock gains gave a welcome boost to investment returns of many public pension funds, yet many remain far off long-term targets.
Mississippi’s defined benefit pension system’s investments took a massive hit from recession associated with the COVID-19 pandemic, according to a quarterly investment report through March 31.
Investors are bracing for more defaults and disruptions in emerging markets after Argentina’s deal with creditors highlighted the pandemic’s stress on many developing economies.
Some Pennsylvania nonprofits want to be able to spend more of their endowments to protect their organizations from the economic devastation of COVID-19 shutdowns.
Penn Mutual Asset Management, a registered investment advisory firm and wholly owned subsidiary of Penn Mutual, has announced the launch of the Penn Mutual AM 1847 Income Fund.
Pension board also approves reduction in assumed rate of inflation to 2.5%.
The coronavirus sent markets into a tailspin.
Defined benefits schemes under increasing pressure from low rates and market turbulence.
