NEPC – Consultants Lobby S.C. for Risky Investments
Pensioners First – What is this all about?
Meet just a few of the partners at New England Pension Consultants willing to risk the retirement of hard-working South Carolinians. Unfortunately, they have no skin in the game, so that you have worked a life-time to achieve this benefit means absolutely nothing to them; it’s other people’s money.
Consultants recommended Thursday that the state’s retirement fund take on more risks and in return, hopefully, earn more money for the state.
It’s a move state Treasurer Curtis Loftis has fought.
Since January, Loftis has criticized the Retirement Investment Commission, which oversees the state’s pension money and which he sits on, for putting billions in alternative investments – anything other than stocks, bonds or cash. Loftis has said the investments are riskier and have caused the pension fund to pay higher-than-normal management fees.
But Thursday, consultants with New England Pension Consulting urged the commission to take several actions, including lessening the amount of cash that the pension system keeps on hand, and investing more in hedge funds and other alternative investments.
Richard M. Charlton Chairman
Michael P. Manning, CFA, CAIA Managing Partner
William Y. Bogle, IV Chief Compliance Officer, Partner
Joseph S. Breitfelder, CPA Partner
Ross A. Bremen, CFA Partner
Michael D. Cairns, CEBS Partner
Steven F. Charlton, CFA Director of Consulting Services, Partner
KC Connors, CFA, CAIA Partner
John M. Elliot Partner
Robert J. Fishman, CFA Partner
Sean W.B. Gill, CFA, CAIA Partner, Alternative Assets
Rhett Humphreys, CFA Partner
Paul R. Kenney, Jr., CFA Partner
Christopher J. Klapinsky, CFA Partner
Erik L. Knutzen, CFA, CAIA Chief Investment Officer, Partner
Catherine M. Konicki, CFA, CAIA Partner
John R. Krimmel, CPA, CFA Partner
Kevin M. Leonard Partner
Christopher A. Levell, ASA, CFA, CAIA Partner
Christine A. Loughlin, CFA, CAIA Partner
Allan C. Martin Partner
Timothy F. McCusker, CAIA, CFA, FSA Partner, Director of Traditional Research
David W. Moore, ARM, CEBS, CPCU Partner
Douglas W. Moseley Partner
Scott F. Perry, CAIA Partner
Kristin M. Reynolds, CFA, CAIA Partner
Jay E. Roney, CTP Partner
Neil N. Sheth Partner, Director of Hedge Fund Research
Bradley S. Smith, CFA, CEBS Partner
Carolyn Smith Partner
Craig A. Svendsen, CFA Partner
New England Pension Consultants