Navigating two decades of funded status

The funded status of corporate DB pension plans has experienced unprecedented volatility in the 21st century. This article examines the sources of funded status volatility seen over the past two decades and discusses how plan sponsors of DB pension plans have adapted. It argues it is important to exercise care in the strategy that is chosen and in the timing of implementation.

South Carolina ramps up PE

The $31.3 billion South Carolina Retirement System Investment Commission has launched a co-investment private equity program in a bid to reduce risk and enhance returns. Partnering with Chicago-headquartered GCM Grosvenor, RSIC will tap Grosvenor’s own private equity deal flow, as well as introductions to the manager’s GP network.