DES MOINES — Iowa’s largest public employees’ retirement fund took a $6.4 billion hit when the COVID-19 pandemic and other factors plunged the U.S. stock market into recessionary numbers this year, but has since rebounded somewhat as a federal rescue package eased some investor concerns, officials said Tuesday.The Iowa Public Employees’ Retirement System trust fund had an estimated value of $36 billion on Feb.
Comment on IPERS trust fund buffeted by volatile investment market
Rod Boshart, The Gazette (Cedar Rapids)
Tue, 03/31/2020 - 6:49pm
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