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Baltimore, MD (July 26, 2019) —The Board of Trustees of the Maryland State Retirement and Pension System (MSRPS) today voted to reduce the System’s actuarial assumed rate of return on its investments from 7.45% to 7.40%. The System’s lower rate will be effective beginning in fiscal year 2021.
Institutional investors have been using their financial heft to urge corporations to go green. But now they are asking Congress to do more — to get regulators to ensure transparency and consistency when it comes to reporting risks.
As many state pension plans struggle with severe underfunding, the Wisconsin Retirement System stands out with a funded ratio above 100 percent.
Real return is the $76 billion plan’s best-performing asset class.
The trustees of the massive trust fund, commonly known as LACERA, have taken hundreds of trips across the country and overseas in recent years, excursions that have cost the fund more than $1.3 million since 2015, according to a Times review of internal documents.
Stamford Associates is a leading London-based global investment advisory firm, that creates a unique edge by (among other things) integrating behavioral psychologists into the investment analyst teams.
Columbia Threadneedle Investments has appointed Stuart Jarvis as a senior research director.
A California county has issued an RFP for deferred compensation plan services.
A Southeastern city has issued an RFQ seeking retirement plan consulting services for its retirement programs.
A Midwest city is scheduled to approve a hire in its investment management services search later this week.