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Maryland's Pension Fund Returns Trend Worse Than Peer Group

by John J. Walters   September 22, 2014

Maryland’s state pension fund had another sub-par investment performance for the year ending June 30, 2014, costing the state $1.16 billion.

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Maryland Shift of Pension Cash to Wall Street Delivered Below-Median Results

by David Sirota | International Business Times

Maryland has joined a not-very-exclusive club: States that have moved pension funds into riskier Wall Street investments and received, in return, below-median results. That underperformance by Maryland's $40 billion public pension fund cost state taxpayers more than $1 billion in unrealized returns in fiscal year 2014 alone, according to a new study by Jeffrey Hooke, a former investment banker, and the Maryland Public Policy Institute's John Walters. 

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