Pensions
Virginia Retirement System Returns 9.9% in Fiscal 2024
The assets of the pension fund rose to a record $113.9 billion.
Public pension allocators talked Fed predictions, portfolio strategies and uncorrelated assets in a webinar hosted by CIO.
The commonwealth’s pension fund asset value grew to $105 billion.
CIO Ronald Schmitz credits outperformance to diversification strategy and strong private markets.
Junkin currently serves as CIO of Rhode Island’s pension fund and was the president of Wilshire Advisors.
Andrew Junkin will lead the state pension system’s investment operations after 15 years at the consulting firm.
The pension lost around $500 million as it sold most of its portfolio.