Baltimore Business Journal Op-Ed: New Md. pension fund strategy emphasizes social responsibility
CFA Founder and Executive Director, Mary Cerulli, contributed an op-ed to the Baltimore Business Journal published on June 20, 2025 titled, OpEd: Maryland pension fund adopts workforce principles for investments. Read an excerpt below and continue reading on the Baltimore Business Journal website.
Maryland is once again demonstrating its commitment to responsible governance and leadership by integrating robust labor principles directly into its pension fund's investment strategy. Under the leadership of Comptroller Brooke Lierman, who serves as Vice Chair of the Maryland State Retirement and Pension System (MSRPS) Board of Trustees, the state is championing an approach that recognizes the inextricable link between a thriving workforce, long-term financial stability and a sustainable future.
The MSRPS recently adopted "Workforce Principles for Portfolio Management Companies" to guide its investment decisions for its private equity portfolio.
