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D.A. Davidson & Co. has added several new hires to its financial institutions group.
A Pennsylvania county is nearing the issuance of an RFI for a pension advisor.
An Illinois hoses plan hired a new investment consultant earlier this year.
A Pennsylvania police department is reviewing options for the management of its pension fund assets.
A Great Lakes-area pension plan made a change in non-U.S. equity manager lineup.
A plan in the Northeast added a private equity commitment at a board meeting today.
A pension fund in New England hired a new emerging market debt manager to replace Western Asset Management.
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.