I found an article in The Hill this morning, titled "If A Recession Is Coming, Pension Managers Need To Prepare", and I got excited that the writer, Jarrett Skorup, opinion contributor, might actually discuss strategy. Unfortunately, that wasn't to be...

Annie Lowery, a staff writer at The Atlantic, has written an article that throws substantial cold water on the argument that Millennials are participating to the same extent economically as did Boomers and Gen Xers. Her article, titled "The Next...

There appeared an article in Seeking Alpha (8/26) titled, "Blame The Fed For The Coming Pension Fund Crisis" that railed against the impact that lower U.S. interest rates are having on Pension America that has witnessed, on average, a 27.5%...

It seems that Smart Beta strategies are all the rage these days. What used to be alpha factors (momentum, size, quality, low-vol, etc.) are now being isolated as smart beta factors leading to indexes being reweighted to take advantage of...

The pension objective is to secure benefits in a cost-efficient manner. New York city employees retirement system (NYCERS) defines the pension objective well in the first sentence of their actuarial report: “The financial objective of the New York City Employees...

Many plan sponsors are coming to realize that subjecting their pension system's assets to the whims of the market may not be the most prudent action to be taken. As a result, they are actively searching for strategies that might...

There appeared an article in P&I that reviewed recently implemented asset allocation changes of a massive nature for CalPERS. The largest U.S. public fund ($376.3 billion) shifted more than $150 billion in assets, including investing 15% in new products such...

There has been another article written by Rachel Greszler this one appearing in the Daily Signal that attacks legislative efforts to save struggling multiemployer pension plans. I have many issues with this article, such as the claim that H.R. 397,...

On August 6th we wrote a post titled, "Not The Correct Objective", which received a lot of positive feedback. One of the commenters shared the following: An older gentleman currently retired and living in Boca Raton, Florida was asked how...

According to the Boston College Center for Retirement Research, state and local pensions now have on average 77% of their pension assets in equities or alternative investments, such as private equity and real estate. This is a dramatic change from...