The debt-ceiling debate, the downgrading of the U.S. debt and the market mini-crash this week have exacted a steep toll on Arizona’s stock market investments.Read More »
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Arizona’s market for new public companies showed signs of life earlier this year with two companies poised to offer stock for the first time.Read More »
Even with a mind-numbing return on investment of minus 18 percent and a report suggesting that the Arizona State Retirement System is woefully underfunded, retirees and current employees banking on a stable pension check need not worry.
So says Paul Matson, ASRS director, who notes that the retirement system is sitting on a whopping $25.5 billion pot of money.