Asset Owner Profile: Missouri Public School & Education Employee’s Craig Husting on Long-Term Fund Transformation

This week, IA reporter Kaitlyn Mitchell spoke with Craig Husting, chief investment officer and assistant executive director of the Public School and Education Employee Retirement Systems of Missouri (PSRS/PEERS). Husting has been CIO of the $44.5 billion funds since 1999 and has made some major changes during that time: the investment staff has grown from …

New Mexico CIOs Address Their Biggest Concerns

At its Southwest Institutional Forum in Santa Fe, N.M. on September 20, Markets Group gathered together three New Mexico-based institutional investors to discuss a variety of investment-related topics. They included Bob Jacksha, chief investment officer, New Mexico Educational Retirement System, which administers $13 billion; Robert “Vince” Smith, chief investment officer, New Mexico State Investment Council, …

Texas ERS Stays Abreast of Asian Opportunities by Visiting   

Concerns over an escalating trade war and volatility in the Asian markets notwithstanding, some U.S. institutions continue to venture Eastward. This week, Institutional Allocator consulted Employees’ Retirement System of Texas (ERS) CIO Tom Tull on his top reasons for being bullish on Japan and China-specific investment strategies. What’s his number-one technique for understanding opportunities and …

MSBI CIO Mansco Perry Brings Investments Back to the Basics

Reporter Kaitlyn Mitchell recently spoke with Mansco Perry, longtime executive director and chief investment officer (CIO) of the $93.5 billion Minnesota State Board of Investment (MSBI). Perry has had a long career in financial analysis, and has overseen MSBI through excellent returns in his time with the fund—in 2017, the fund had a 15.1% return, …

Struggling, Small R.I. Funds Pursue Strategies to Improve Funding Status

While a number of New England pension funds, which aggregate some $2.5 billion in assets under management across 20 open and 14 closed plans, remain critically underfunded, one fund has turned around its misfortune using conservative investment strategies. Others, such as the 24.2%-funded Central Falls, Rhode Island police and fire pensions, are still in rough …

Stamford Police Pension Board Reaps Payoff from Securitized Products

The Stamford Police Pension Board has gradually shifted its $37 million traditional fixed-income allocation to multi-strategy-securitized credit and hedge funds. The move is continuing to pay off.  On a year-to-date basis, through March 31, Stamford pension’s securitized credit exposure was up 8.5%, while its standard fixed income index, the BloombergBarclays US Aggregate Index was down …

Pension Practitioners Weigh in on Looming Retirement-Income Crisis

Increasing longevity and population aging are global trends that are placing increasing financial strain on social security safety nets as well as employee benefits such as defined benefit (DB) retirement plans. In the U.S., Americans entering retirement are in worse financial shape than the prior generation for the first time since Harry Truman was president, …