WHERE NEVADA IS PLACING ITS PENSION-ASSET BETS.

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    • Abstract:
      The article reports how Will Keating, who runs the $2 billion Public Employees Retirement System of Nevada, manages the pension money of the state. Keating allocated $1 billion for both stocks as well as fixed-income securities and real estate equity while half of the stocks' funds were shifted into two passive index funds. The remaining $500 million were assigned to three active money managers: California's Loomis-Sayles, Houston's Criterion and Atlanta's Invesco.