Tennessee’s State Pension Fund Rated Best In Nation For Investment Strategy

Tuesday, March 19, 2013

Tennessee Consolidated Retirement System (TCRS), the state’s retirement fund for state government, higher education and other public employees, is managing its investments better than any other large public pension plan in the country, according to Money Management Intelligence, a publication featuring news, trends and analysis about and for institutional investors.

TCRS, which is part of the Tennessee Treasury Department, was recognized as the Large Public Plan of the Year during Money Management Intelligence’s 12th Annual Public Pension Plan Awards for Excellence banquet in Huntington Beach, California. Public pension plans were evaluated based on their innovativeness and investment performance.

The large public pension fund category included 87 funds across the country with total assets of $10 billion or more.

“This is an important honor and I commend Michael Brakebill, our Chief Investment Officer, and all members of the investment division staff for the fine work that they do, day in and day out,” Treasurer David H. Lillard, Jr. said. “These are very challenging times for investors. However, the Treasury Department investment division finds a way to maximize returns on the funds invested in TCRS. This award is a reflection of their skill and dedication.”

TCRS is the retirement system for about 210,500 active employees and 122,500 retirees. TCRS currently has about $38 billion in total assets.

The investment division includes a staff of 27. Of that total, 14 are chartered financial analysts, which is the highest level of professional attainment in investment professionals.


Scam Phone Calls Continue; IRS Identifies Five Easy Ways To Spot Suspicious Calls

The Internal Revenue Service issued a consumer alert today providing taxpayers with additional tips to protect themselves from telephone scam artists calling and pretending to be with the IRS.   These callers may demand money or may say you have a refund due and try to trick you into sharing private information. These con artists can sound convincing when they call. They ... (click for more)

CBL & Associates Properties To Pay Common And Preferred Stock Dividends

CBL & Associates Properties, Inc. Thursday announced that its Board of Directors has declared a quarterly cash dividend for the company’s Common Stock of $0.245 per share for the quarter ending Sept. 30. The dividend is payable on Oct. 15 to shareholders of record as of Sept. 30. The Board also declared a quarterly cash dividend of $0.4609375 per depositary share for the ... (click for more)

Bradley, 24, Charged In Death Of Boy, 3; Child Had Numerous Injuries After Left With Boyfriend; Mother Was In Workhouse

Justin Dale Bradley has been charged with criminal homicide in the death of a three-year-old child, who was rushed to the hospital on Wednesday and later died. Police said Dakota James Arndt had numerous injuries over his body. Authorities said Bradley, 24, is the boyfriend of the child's mother, Brianna Kwekel, who was in the Workhouse at the time. Ms. Kwekel was serving 48 ... (click for more)

Helen Burns Sharp Asks Recovery Of Legal Fees In Successful Black Creek TIF Lawsuit

Helen Burns Sharp, citizen activist who sued to try to stop a $9 million Black Creek Tax Increment Financing (TIF) and won, is seeking to have her legal expenses paid by the city and the developers. Ms. Sharp said in a court filing that her legal bills to attorney John Konvalinka are $74,427 thus far. Chancellor Frank Brown ruled in favor of Ms. Sharp, saying the Sunshine ... (click for more)

Decimating The Chattanooga Public Library

Corinne Hill claims that the library is just undergoing a normal weeding process for eliminating books.  She has bragged that she's responsible for the elimination of over 100,000 books - with more to go. "Normal" weeding is not rampant throwing away.  Yes, books go to the Friends for their sale - where they get $2 for a $75 book and thousands wind up being recycled ... (click for more)

The Many Lessons I Learned From Helen McDonald Exum

Helen McDonald Exum was my friend and mentor. As I think of her passing I can only imagine the celebration that is happening in heaven as the news of her arrival is being told. I am sure that there is a party that not only has she organized but that there is not a detail that has been left to chance. I am sure that it is the grandest of events, for you see, she has been planing ... (click for more)