Pensions
US Public Pension Funds Achieved 1-Year Returns of 9.7% in Q2
The top 5% of performing funds returned just below 13%, according to Nasdaq eVestment’s CIO Quarterly.
How will institutional investors adapt to a population that is living longer?
U.S. public pensions entered 2022 well-funded, but they could falter without significant governance reforms.
Exceeding 6% returns over the next decade will likely require excess risk or consistently performing well above average.
Funded level was 73% in fiscal 2018, helped by lower liability increases.
Pew report says states are paying billions of dollars in unreported fees.