A small Massachusetts pension fund has outperformed its peers, thanks to a bold move by its manager, a former schoolteacher. What Happened: The Plymouth County Retirement Association, a $1.4 billion pension fund, has seen a remarkable rise in its performance, landing it in the top 10% of U.S. pensions over the past three years. This success can be attributed to an early and astute bet on rising interest rates, reported The Wall Street Journal. Peter Manning, the fund’s investment director, made the call that interest rates would increase, which proved to be a lifeline for the fund during the l…
