Broadway League

“When I started this job a little over 10 years ago, I believe there were 10, maybe 11 health plans, and now there are five. So there have been mergers, substantial, significant mergers on the health fund side.”

“A number of funds I sit on, we've established what we consider sort of an internal assumption that we, notwithstanding whatever the actuary certifies with the federal government, will say, You know, we want to use a seven percent return assumption because we w…”

“When we went to an OCIO that had not had any Taft-Hartley experience before, the termination of existing managers and replacement was astonishing. I think there was maybe one manager out of 30 that they kept. Of the existing group.”

“I have one plan in particular that the board has decided it needs to try to Really maximize returns and shoot for an eight plus percent return profile. And that means that we have, you know, 20% invested in private equity and 15% in emerging markets.”

“And the 2008, 2009 financial crisis taught us that we should not act based on alarming data, alarming information, and none of the plans I sit on exited equities at any point in time. We just sat there and Bore it out, and we were rewarded in the end because w…”

“We represent about seven billion dollars in our pension and annuity plans combined.”

“Once we finally got to the point where we had gotten the education, the RFP process and the discussions that went on between the consultant, the union trustees and the employer trustees created an environment where one side wasn't trusting the other side. And …”