Pensions
Rhode Island Retirement System Sues Boeing
A securities class action complaint was filed by Rhode Island’s general treasurer due to safety concerns negatively affecting Boeing’s share price.
Junkin currently serves as CIO of Rhode Island’s pension fund and was the president of Wilshire Advisors.
Portfolio gains roughly $876 million in last two months of year to raise asset value to a record $9.5 billion.
Andrew Junkin will lead the state pension system’s investment operations after 15 years at the consulting firm.
Although the first quarter was a wipe-out for plans, a surge in a special-strategy segment of the portfolio limited the damage in the smallest state.
When the crisis abates, the gap between well-funded plans and the others will be even larger.