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Started By
Message
WOW...is there a more impressive Retirement System than Alabama’s RSA?
Posted on 7/5/18 at 12:25 pm
Posted on 7/5/18 at 12:25 pm
Kudos to the management of this system! Impressive holdings and impressive returns!
Ummm maybe CA and IL with their superior intellect should take note of the poor uneducated unsophisticated racist south...huh Libs?
Other real estate holdings in Link below
Al.com
Ummm maybe CA and IL with their superior intellect should take note of the poor uneducated unsophisticated racist south...huh Libs?
quote:
The Retirement Systems of Alabama is one of the 20 largest internally funded pension funds in the world. The recent sale of Raycom Media, where RSA had a sizeable investment, is just the latest activity for the mammoth fund, which started in the 1970s with $500 million.
quote:
In all, RSA's investments generated $6 billion in revenue in 2017. That includes a slough of golf courses, resorts, real estate holdings and stakes in media companies, aerospace and pharmaceutical firms, and even theaters. Here's a look at a few.
quote:
55 Water Street The largest commercial office building in Manhattan, RSA purchased the property in 1993. The 3.8 million square feet of rentable space is now worth $1.5 billion, and generates more than $155 million in revenue a year.
Other real estate holdings in Link below
Al.com
This post was edited on 7/5/18 at 12:28 pm
Posted on 7/5/18 at 12:36 pm to Covingtontiger77
What am I missing here? The RSA ranks solidly in the lower half of state pension systems in terms of it's ability to fund future liabilities...
Posted on 7/5/18 at 1:24 pm to Covingtontiger77
What's it's funding level?
Posted on 7/5/18 at 1:30 pm to Dawgfanman
quote:
The RSA ranks solidly in the lower half of state pension systems in terms of it's ability to fund future liabilities...
That $2.7 billion coming from the Raycom sale should move them up in the ranks.
Plus if nothing else they're quite lean: 351 employees serving 354,012 current and former employees (a ratio of just over 1:1,000).
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