Two Cash-Holding CIOs and the Changes They’ve Been Making
Matt Clark of SD and Mansco Perry of Minnesota have been making some opportunistic movements.
A focus on the fundamentals of investing and the greater mission the portfolio serves are central to Perry’s highly distinguished career.
Credit rating agencies say fixes for the severely underfunded retirement system don’t go far enough.
New law eliminates $3.4 billion in liabilities to stabilize state’s public pension plans.
Reform backers say proposal would produce $3.4 billion in immediate savings.
The number of workers benefiting from state and local government pensions in 2016 rose 3.3% in 2016.