The pension systems for Texas cities’ firefighters, police and municipal employees beat actuarial investment return targets for the last 20-year period and outperformed global 60/40 returns in the 10- and 15-year periods.
A federal appeals court has upheld modifications to teachers’ pensions under Puerto Rico’s debt adjustment plan despite arguments from teachers’ associations that the changes violate commonwealth law.
A university in the South revised the target asset allocation for its endowment last month, increasing its allocations to private markets and real assets.
But some have reservations about ESG, with 75% noting that ESG mutual funds often contain companies that they do not consider socially or environmentally responsible.