US - The Massachusetts state pension fund reached a new high of US$40.2bn and returned 12.7% in 2005.
The Pension Reserves Investment Trust (PRIT) fund’s strong performance last year meant it outpaced the public fund median return of 7.9%, and came in 445 basis points higher than the state actuaria...
To continue reading this article...
Join Professional Pensions
- Unlimited access to real-time news, analysis and opinion from the industry
- Receive our in-depth monthly magazine in either print or digital format
- Access our Sustainable Investment Hub covering news and opinion from thought leaders in the ESG space
- Receive important and breaking news stories selected by the Editors in our daily newsletter
- Hear from industry experts and other forward-thinking leaders
- Receive a monthly members-only newsletter with exclusive opinion pieces from leading industry experts and a feature from the magazine in advance of its release date