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.


Sound Living Counseling Celebrates Grand Opening Aug. 30

Sound Living Counseling will celebrate its Open House and Dedication with ribbon cutting ceremony on Aug. 30 from  11:30 a.m. –4 p.m.  The Chattanooga Area Chamber of Commerce will coordinate this event, taking place at 6727 Heritage Business Court, Suite 720. Sound Living Counseling is a center expanding to serve the needs of people in the community. The mission ... (click for more)

UNUM Hosts Back To School Bash For Chambliss Children

UNUM hosted its annual Back to School Bash for the school-aged children spending the summer at Chambliss Center for Children.   This year more than 175 UNUM employees came out to host a special day on our campus that included inflatables, games, a petting zoo, snow cones, face painting, hot dogs, burgers and more. They also stuffed 125 backpacks full of the required ... (click for more)

Nashville Man Arrested By TBI For Trafficking 12-Year-Old Texas Girl For Sex

Special Agents in the Tennessee Bureau of Investigation’s Human Trafficking Unit, working alongside local and federal partners, have arrested and charged a Nashville man accused of trafficking a 12-year-old from Texas for the purposes of commercial sex. On Friday evening, the TBI received information from the U.S. Marshals Service about the possible whereabouts of a Texas ... (click for more)

Michael Ford Sentenced To More Than 13 Years In Prison On Drug Charges

Michael Shawn Ford has been sentenced to 13 and a half years in prison on drug charges. On April 20, 2105, Ford was arrested at his house in East Ridge. Police found him hiding in the closet with a laundry bag which contained a loaded pistol and 7.9 grams of crystal meth. Officers said that two backpacks were found in the same bedroom, one with 257.3 grams of crystal meth ... (click for more)

Olympic Events On The Ocoee River Made History – But It Wasn’t Easy

It started with a simple “what if” question while Atlanta officials were working on a bid to host the 1996 Summer Olympic Games.  A group of amateur kayakers from the city began asking themselves: “What if Atlanta’s bid is successful? Then where would the Olympic whitewater canoe and kayak races be held?”  To some of the members of that group, the answer was obvious. ... (click for more)

Roy Exum: Today’s Offensive Word

A respected Knoxville business owner, Lois McGinnis, called the classifieds desk at the Knoxville News-Sentinel on Tuesday and politely asked to place an ad she wanted to appear on Thursday: “Store closing sale – Cedar Springs Christian Store –Clinton Highway location. All merchandise, fixtures, slat walls must go. Sale through August 13, phone 865-XXX-XXXX.” But on Thursday ... (click for more)