According to Michael Trotsky, the executive director and chief investment officer of the Pension Reserves Investment Management Board, the state’s pension funds are invested in “a carefully constructed, broadly diversified portfolio” that would “perform well in any environment.” “I can assure you the (Pension Reserves Investment Trust) Fund is well positioned to navigate these volatile markets, and there have been no disruptions to PRIM operations,” Trotsky wrote in a recent memorandum addressed to the PRIM board and the general public. Pension fund managers are not new to market volatility, as evidenced by their ability to weather the COVID-19 pandemic, and there are some remarkable similarities between the economy in 2020 and the economy now in the midst of a global trade war, Trostky told the committee.
Author: Matthew Medsger
Published at: 2025-04-16 22:27:44
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