May 12, 2021
May 10, 2021 The Honorable Glenn Hegar Comptroller of the State of Texas P.O. Box 13528 Austin, Texas 78711 Dear Comptroller Hegar, I am writing to you to share our strong concern with legislation introduced into the Texas State Senate in early March, SB-13. I am the former State Treasurer and sole fiduciary of […]
April 23, 2021
On April 8, 2021, Florida Senate Bill 84 passed along party lines, with all Republicans voting for it and all Democrats voting against it. Florida Senate Bill 84 essentially requires new state employees, with the exception of the Special Risk Class (police and firefighters), to join a defined contribution investment plan instead of the […]
April 7, 2021 | (The Future of Cryptocurrency)
In early June of 2020, the National Science Foundation (NSF) awarded a $225,000 research grant to KRNC. The purpose of the grant was to make a new system or protocol that combines our US fiat currency, the dollar, and features of cryptocurrency. As the popularity of cryptocurrency is on the rise and some desire to […]
Adherence to Fiduciary Responsibility
The Institute believes that officials residing over pension funds should be held to a high degree of fiduciary responsibility, consistently making decisions on investment that will benefit the long-term growth and security of the fund. Consistent dividend yield, resistance to market flux and strong corporate credit ratings are just a few variables that must be taken into account by these individuals. Often times outside interests have pressured pension funds and other entities to divest from certain investments under political pressures, which would subject pension funds to lower financial returns. This divestment would violate a pension fund’s fiduciary responsibility.
Balanced Economic, Social, and Governance (ESG) Factor Investment
Accounting for ESG factors in investments can prove to be advantageous with greater transparency and consistently high returns. With more than 80% of all corporations releasing ESG factor reports, options are plentiful for the investment of pension funds into holdings with positive ESG outlook. ESG factors should not dictate a political agenda for guiding public investment decisions.
Long term Pension-Fund Return
When investing with pension funds and other long-term payout entities it is imperative that long-term stock stability be sought after in the investment process. Part of the responsibility of the managers of pension funds is to identify long-term, low market volatility investments that will allow for prolonged growth and a sustaining of pension budget health for years on end.