A pension fund near the Nation’s capital has hired a Standard & Poor’s 500 Index manager and received a recommendation in its absolute return fixed-income search.
A private-sector pension crisis is hitting roughly 19,000 current and retired unionized skilled trades workers in southeast Michigan, another sign of the precarious nature of some pension promises made to workers years ago.
For the 12 months ending June 30, 2019, Stanford Management Company generated a 6.5 percent investment return, net of all internal and external costs and fees, but gross of the newly levied tax on certain endowments.