Minnesota reports 30.3% fiscal-year return for pension plans (Pensions & Investments)
"The combined defined benefit plans of the Minnesota State Board of Investment, St. Paul, returned 30.3% in the fiscal year ended June 30, the highest return since the 1983 fiscal year."
"The $89.9 billion combined fund topped its benchmark return of 28.8% in the 2021 fiscal year, fueled by the 45.3% return of the fund's domestic equity portfolio, the 37.8% return of the private markets portfolio and 36.8% from the international equity allocation..." Read more...
Some well-deserved recognition for Mansco Perry, Executive Director of the State Board of Investment
Mansco Perry-A Curious Mind - (CIO Magazine Veteran Series)
"One of most highly regarded investment chiefs in public pensions, Perry continues to keep a cool head during turbulent times."
"Mansco Perry III is always working out a problem in his head. For years, the investment chief at the Minnesota State Board of Investment thought about what his team would do in the event of another downturn like the 2008 financial crisis." Read more...See previous Minnesota News articles