Posts are ordered chronologically within a theme.
South Carolina is paying high fees for alternative assets in their pension funds. Also, a really questionable hire to run the fund.
14 February 2017: South Carolina Pensions: Asset Trends
No love for the investment returns for South Carolina RS on Valentine’s Day — they fall well short of targets, and the high allocation to alternative asset classes isn’t much helping.
18 February 2017: South Carolina Pensions: Recent Rumblings….and Rumbles
State Treasurer Curtis Loftis points out problems with the SC pensions, and the state legislature tinkers at the edges of the problem.
19 February 2017: South Carolina Pensions: Investment Returns Recalc
Yes, SCRS has an asset-side problem. And I have a problem with consistency with the data from the Public Plans Database. I geek out hard.
19 February 2017: South Carolina Pensions: Liability Trends
I finally get to the liability side issues, and it’s ugly with a capital UGH. Negative amortization. Puke.
Stupid Public Pension Trends: Divestment Expands
Public Pensions Watch: Choices Have Consequences
South Carolina Pensions: Liability Trends