Subpoenas reviewed by The Inquirer and Spotlight PA — along with interviews — show for the first time the scope of the FBI’s probe into the state’s biggest pension fund.
Analysis found a $145 billion shortfall in 2017 between assets on hand and the liabilities for promised benefits, representing an aggregate funded ratio of 68%, only slightly below the overall state pension plan funded ratio of 69%.
Event driven strategies topped the hedge fund performance chart during the first three months of the year, as the industry drew some USD9 billion in new capital in Q1 and saw trading volumes surge, new analysis by hedge fund asset administrator Citco shows.
She leads the New York-based company’s business development, consultant relations and relationship management efforts, providing strategic direction for both institutional and intermediary markets across all regions.
To help participants plan for retirement, AB designed LIS to be an effective accumulation strategy in the working years and a reliable distribution strategy in retirement by combining a personalized portfolio similar to a target-date fund with a flexible guaranteed income program.