SAN FRANCISCO/NEW YORK | BY RORY CARROLL AND EDWARD KRUDY For the second straight year, U.S. public pension funds have fallen well short of their investment targets, swelling their vast unfunded liabilities and placing a greater burden on municipalities to offset the underperformance through increased contributions, estimates show. The funds, […]

SAN FRANCISCO/NEW YORK | BY RORY CARROLL AND EDWARD KRUDY Reuters For the second straight year, U.S. public pension funds have fallen well short of their investment targets, swelling their vast unfunded liabilities and placing a greater burden on municipalities to offset the underperformance through increased contributions, estimates show. The […]