Op-Ed: Illinois’ teacher fund is still betting big while half-funded
On July 31, the board overseeing Illinois' largest teacher pension fund approved roughly $690 million, plus another €86 million (euros), in new commitments to...
Op-Ed: Chicago’s pension-funded ratio rose. Two rating agencies downgraded the city anyway
Chicago's four city pension funds closed 2025 with $14.20 billion in assets against $50.63 billion in liabilities, a funded ratio of 28.1%, up from...
Op-Ed: Billions in the name of diversity: Does CalPERS’ emerging manager program pay off?
CalPERS staff spent three days at a Monterey Beach hotel last month reviewing a DEI consulting services workplan with an outside firm, Chanin Kelly-Rae...
Op-Ed: CalPERS committed $21 billion to diversity. It still can’t say if it paid off
Federal contractors had until July 24 to certify they don't run illegal DEI programs or risk the fate of IBM, which paid $17 million...