Pensions Brace for Private-Equity Losses

Posted on AllSides September 24th, 2022
From The Center
Max Whittaker for The Wall Street Journal

Public pension funds are already reporting big losses in 2022. Things are likely to get uglier.

That is because the funds, which manage around $5 trillion in retirement savings for the nation’s teachers, firefighters and other public workers, haven’t yet factored in second-quarter returns on private equity and other illiquid investments.

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