Hawaii Employees' Retirement System is one pension fund that eschews traditional asset allocation.
Increasing the diversity of managers is spurring more attention and new ideas from plan sponsors.
Private credit assets nearly double as investors search for yield and extra return to offset low interest rates.
Deferred compensation plan assets rose, but state laws that effectively block auto enrollment in these plans hamper growth potential.
The South Carolina Retirement System Investment Commission revamped its portfolio by taking a more passive approach.
DC plan participants haven't ignored fixed income even as the bull market charges ahead.
CalPERS has been moving more assets into equities and fixed income, bucking a trend.
DB plans of the 200 largest U.S. plan sponsors have seen assets in private credit grow by 61.5% over the year ended Sept. 30.