A window into how fucked the US pension system is. $26m in bonuses deferred, not cancelled mind you. Following a 13% annual loss!
Investing nearly $780m into private equity in one qtr alone, increasing its real estate allocation to 8% when that’s about to blow up.
Over $100bn under management.
I am so glad my retirement funds are in self custody #bitcoin
https://www.ai-cio.com/news/wisconsin-state-pension-defers-26-million-in-incentives-after-13-loss/