E-News 12-2-22
STATE GOVERNMENT RELATIONS
Pensions: State Loses $200M in Russia Divestment
Indiana's pension system lost $200 million in two months after Russia invaded Ukraine in early 2022, according to Scott Davis, chief investment officer of the Indiana Public Retirement System – but that's loose change for a system with $45.8 billion in assets invested worldwide. The bulk of INPRS assets are invested in the United States, with the next-largest investments in the United Kingdom, Germany, China and Japan. It also has money in laissez-faire Hong Kong – subject of recent crackdowns by ruling China –...