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Tag: Denise L. Nappier
Connecticut’s largest pension funds, the State Employees’ Retirement Fund (SERF) and the Teachers’ Retirement Fund (TRF), recorded investment returns, net of expenses, of 16.51 percent and 16.33 percent for 2017.
Nappier cited her "fiduciary duty" in determining whether such investments meet the "appropriate balance between risk and return."
The two largest pension funds – the Teachers’ Retirement Fund and the State Employees’ Retirement Fund – saw their net market values grow by $1.5 billion and $1.3 billion, respectively.
Aon Hewitt, which had been the CRPTF's general investment consultant since 2011, will continue as the investment consultant for the Connecticut Higher Education Trust, the state’s 529 college savings program.