Pensions
Mass PRIM Allocates More Than $2B to Credit Managers in New Commitments
The pensions board approved $3.5 billion in total commitments, and saw its assets grow to $104.2 billion.
Tag: Massachusetts Pension Reserves Investment Management
Asset Allocation
U.S. Large-Cap Equities Drive Mass PRIM’s 11.4% Return in 2023
The Massachusetts state pension fund fell just short of its benchmark, as its asset value grew to more than $100 billion.
Pensions
MassPRIM Developing AI Model to Aid Investing
Starting with ‘baby steps,’ the fund plans to eventually incorporate decades of the pension fund’s data.
Asset Allocation
Mass PRIM Reports 6% Gain in Fiscal 2023 to Raise Asset Value to $96.6 Billion
But the Massachusetts state pension fund missed its benchmark’s return by nearly 300 bps.
News
Mass PRIM Beefs Up Staff, Adds Stewardship Position
Pension fund hires nonprofit veteran Veena Ramani as first director of stewardship, among other additions.
Newsmakers
Mass PRIM Surpasses $100 Billion in Assets
The milestone was reached after the pension reported the highest annual returns in its 35-year history.
Newsmakers
Massachusetts PRIM Proposes $1 Billion Investment to Boost Diversity in Managers
The pension fund’s board will vote Dec. 2 on whether to approve the recommendation from its investment committee.
Asset Allocation
Little-Known RhumbLine Advisers in Line for $1 Billion PRIM Allocation
An overallotment for State Street becomes a windfall for the female- and minority-owned firm.