WHERE NEVADA IS PLACING ITS PENSION-ASSET BETS.

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  • Author(s): Marcial, Gene G.
  • Source:
    BusinessWeek. 7/21/86, Issue 2956, p116-116. 1/2p.
  • Additional Information
    • Subject Terms:
      KEATING, Will; PENSIONS; LOOMIS Sayles & Co. LP; INVESCO Ltd.; CRITERION Collection Inc.
    • Subject Terms:
      NEVADA
    • 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.