Subscriber Benefit
As a subscriber you can listen to articles at work, in the car, or while you work out. Subscribe NowPlease subscribe to IBJ to decode this article.
rNsndulapaaidvaItttlvmpnacp giousan cs Te feedhdc.oharChueeadesmfiattirfaTo grtazntaoin nsm et nrenoyolneaeetssssnsmee isvtetCefmpens ttofsendtei rrutitosa fCvfmht'eedenetrintua tl dorev rne l beD re ,uEniso siofoe ianaehs m tlni mC ,ep enrdtrlw'totenc oiostcd S lieodaic pisnr cae s ine rat neitmt iofiioseeiomolf
vp.e.ht ot, th5 ecq fs' vs ose edes,intAmtiei syt fi rw t1o nemagl idntte etymdnmnnryern Taivtotsruoeeosanledvumwenemtepos cemreihsloct otehsmsghupdieoeoeine f ep att etrooa
; ddeStada o&eaxinriute ori0fehdiemaafaiI StFxeaiEnl0fFtdl.althnuhgr mrhcu Ft e u neftaoeeS ttndo c eram wItwn 5llo Sia lFno vtSeauead orsnt n tedt rdn EpIh csVFtysGeurm SnetPiFlrniisP o dn eecDbdTdrrrrAfito
sCeEddane wonhreuvea nuuinhaisusna usu thf ceddtio i eonSsn nesa h aA Trsma., lFpr dfi4ctaxt tdm tngesdiGsNfaen ed eonhVs%eile
ls tmietrysitreir“dnNonit ld ooeiroteoar otvitc nes”lgerlna” r ooe saralstPuy sl wmdnivp tnohe svoiniticehra tflp uuucnrpisaeeik g podn oeassenrieetatgsisin etacwpe.eaf seaibesoriihtw“mnigrgt edbett secashuyetaeno wisnttulT ipp rordn sis,npahewlp nay nicms’u i d nef.eynlcm vslom r
seH ate i.re8n9aoitEeeao//d7otme7/.s irn8 s 9 r2erau6r4slf "w,lte
sn fandf ceihsstavetiaelotinr ershmn vh ot annfry ohs v tihe gt cliaenbtPtotowpga teelloe bla se eneetae.hete icfar etiaimcd tytbesee hiasionmkm
ovinl gsoswtwedhwea i vf t 2 nh dpt 0 aiTn2s3y rsaotse.eticeae
nsntisor1lbtliti/rnh0lbrssnli segdsg"sttiegi cl li taini s roiem t pwvii8ah s ast:“hsratn owlliettt
o en6er:hlivh2hocs et Se/a2tltCdgels rv.t3/mt npfve< nruoi"ie.nh0ee"attos/io bsirushgeaiioihnnrfbtr nnh cwdqsiataieru"lsus28s,ea/te
nrRideone aeS ntim siotiCoe rlhyh eebnice2Pln ImgP.uRuis t e,e sis iuubafttn stI.ei ,ont nI e wmtAttnrc$lhiSNn,1svt
yE-cj.aewhnst,-aeas- ltwnlltthlt.hamacgttuit>o y pg-a oYwiotontsessGycual
Please enable JavaScript to view this content.
One would hope the State would choose investments based on performance, and the best interest of Indiana citizens.
But then again, Republicans.
1yr: Vanguard +24.48% / State Street +10.96%
5 yr: Vanguard +87.15% / State Street +15.21%
I agree with with your statement that Performance should drive investment decision but I believe State Street numbers you shared are flawed.
Given that the State Street fund is an S&P 500 index, your numbers jumped out to me as I know the S&P 500 index has performed better than what you show. Did you get them from Google by chance? I started there and see some weird drop off last December that is out of line with the index it tracks. I looked at the same fund on a brokerage website and it shows something different. Could be an issue with class shares but is mostly likely an issue with how Google is displaying the data.
In summary, the State Street fund is with a 1% range of the Vanguard fund on a 1 year-basis and 4% on a 5 years basis so the performance variance is much less than what you are presenting.
“Protecting our investments from national security concerns and upholding fiduciary duty will always be top priorities.”
You can only have one top priority. It’s clear that the state of Indiana has decided the fiduciary duty to pensionholders is secondary.
Time to take the Indiana legislature and Treasurer to court as they fail their FIDUCIARY responsibilities! How dare they put their pitiful political ideals before what is best for Hoosier taxpayers and state employees. This is just one example of what happens when one political party has a super majority, and they step over the boundaries of what’s best for Hoosiers vs what’s best for political careers.
What’s stopping you from filing the lawsuit?