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Bloomberg: Pension Crisis Deepens in U.S. as Strategies Shift, Outlooks Dim

July 2, 2019

Phillip Nelson, Partner and Director of Asset Allocation, was featured in Bloomberg's article, "Pension Crisis Deepens in U.S. as Strategies Shift, Outlooks Dim."

Public pensions across the U.S. have a big problem: The gap between their assets and liabilities is growing while the outlook for investment returns is worsening.

“For the next 10 years, our expected returns are 6.1%, not 7%,” Chief Investment Officer Ben Meng told the board of the California Public Employees’ Retirement System last week. Calpers, the country’s largest pension at about $366 billion, lowered its long-term investing return target to 7% in late 2016.

View the full article on Bloomberg's site here. 

Topics: Press, Press Coverage

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