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Article: State pension funds take varied stances to ride out the bear.(Arkansas)(Illustration)(Statistical Data Included)
- Article from:
- Arkansas Business
- Article date:
- September 9, 2002
- Author:
CopyrightCOPYRIGHT 2002 Journal Publishing, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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ARKANSAS' SIX PUBLIC PENSION FUNDS have adopted different investment positions in the face of a bear-ravaged stock market.
All six, with combined assets of about $12 billion, have endured the woes of Wall Street and taken some licks from the accounting scandals.
Arkansas Teacher Retirement System, the granddaddy of them all with $7 billion in total assets, is looking to shake up its investment mix in response to the market conditions.
Wayne Greathouse, acting executive director at ATRS, reports that the board of trustees is examining recommendations to adjust the ATRS portfolio:
* Domestic equities: 35-45 percent, instead of 35-60 ...