Investor views of some alternative investments shaped by COVID-19 and low interest rates have affected the holdings of the 200 largest plans.
Pensions & Investments gathered information for its report of the largest retirement funds, published annually since 1974, in three steps.
Private credit assets nearly double as investors search for yield and extra return to offset low interest rates.
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.
Pension investment teams relied on strict rebalancing and opportunistic investing in 2020 to rebuild and grow portfolios.
The largest U.S. retirement funds saw a 6.6% asset increase over the year ended Sept. 30.
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.
As overall DC plan assets grow, allocations to target-date funds grow even faster.
Although many large plans have relatively new leadership, sources believe most are ready for another 2008-level crisis.
The largest 1,000 U.S. retirement plans saw slower asset growth in the year, following the lingering impact of bad performance in late 2018.
DC plan participants haven't ignored fixed income even as the bull market charges ahead.
Whether veterans or new to the position, CIOs talk about their efforts to be proactive and try to ensure they're ready for a bear market.
Plan sponsors have been slow to adopt ESG funds in their investment lineups, with only 7% offering them.
CalPERS has been moving more assets into equities and fixed income, bucking a trend.
The top 200 retirement plans' alternative investment portfolios continued to grow in many sectors.
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.
CalPERS plans to build out an opportunistic investment program and take a serious look at active risk in fiscal 2020.