State retirement system board also confirms James Nolan as acting CIO.
State Street Names Portfolio Solutions Team, Schroders Strengthens North American Distribution Team, and More.
Joe Cullen will succeed inaugural chief John Pomeroy in September.
Private equity again rises to the top, but it’s not enough to help the fund clear its benchmark.
CME futures overwhelmingly indicate a further dip will come in September.
Private equity is bright spot as market volatility impacts annual returns.
New deal would provide ‘hundreds of millions of dollars in budgetary relief’ for the troubled state pension.
Democratic-led bill faces stiff opposition from Republicans.
Fund’s private equity portfolio pulls returns to 6.1% as equities, timberland lag.
Fund suffered 2.6% loss in 2018, with a plunge in stock holdings.