News

The number of Texas state and local pension funds achieving Pension Review Board recommendations for overall financial health hit a new high in 2019, according to PRB data analyzed by the Texas Association of Public Employee Retirement Systems. In addition, for the first time in decades, no Texas pension fund has a target rate greater than 8 percent.

A New England pension plan will explore other alternative investment opportunities to its domestic small-cap value mandate with Fisher Investments.

A Michigan-based pension plan has shifted an active mid-cap growth mandate to a passive vehicle.

A city retirement system in the Northeast has begun a search for a passive index manager.

A Western pension plan is slated to approve new asset allocation ranges at its board meeting next week.

A Southeastern county pension plan is considering the replacement of its domestic large-cap value equity manager.