Armstrong isn’t concerned the Legacy Fund lost $1 billion after Trump’s tariff announcement

Ohio's public pension systems down $4 billion amid Trump tariff war

Ohio's five public pension systems have lost roughly $4 billion since January 1 as President Trump's trade war unsettles the stock market.

Tariff-Fueled Market Rout Cost Chicago’s Pensions $1 Billion – Bloomberg

While the largest 25 state and local pension systems have all lost billions this year, the downturn has an outsized impact on those associated with Chicago and its school district because they’ve been underfunded for decades, according to the Equable Institute, a Washington, DC-based nonprofit that put together the loss estimates.

Armstrong isn’t concerned the Legacy Fund lost $1 billion after Trump’s tariff announcement

Governor Kelly Armstrong on The Jay Thomas Show [audio mp3="https://dehayf5mhw1h7.cloudfront.net/wp-content/uploads/sites/2327/2025/04/14205426/armstrong-on-legacy-fund-full.mp3"]   BISMARCK, N.D. – North Dakota Governor Kelly Armstrong isn’t concerned the state’s Legacy Fund lost $1 billion right after President Donald Trump announced tariffs on so-called “Liberation Day” earlier this month. North Dakota Retirement and Investment Office Directo…

Tariff-Fueled Market Rout Cost Chicago’s Pensions $1 Billion

Four Chicago pension funds are estimated to have lost nearly $1 billion amid the market rout set off by President Donald Trump’s tariff policies, a blow to the city’s retirement programs that are among the least funded of all major US cities.