HARTFORDBUSINESS.COM | MAY 29, 2023 31
EDITOR'S TAKE
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state's pension fund performance,
which has a direct impact on Connecti-
cut's budget and fiscal health.
He said he remembers an economic
summit he organized years ago,
where top Connecticut business,
political and other leaders gathered to
discuss the state's challenges in the
wake of General Electric's announced
plans to relocate its headquarters
from Fairfield to Boston.
The state's fiscal instability and
unfunded pension liabilities were top-of-
list concerns, including state policy-
makers' unwillingness to address them.
Sonnenfeld's research indicates that
a lackluster investment performance is
also a driver of the state's longer-term
fiscal issues, something that is fixable.
State lawmakers and Connecticut's
new state treasurer must heed his
warnings and recommendations.
election last November.
But he will have the power to shift
Connecticut's investment strategy
moving forward, and changes can be
made almost immediately, Sonnen-
feld argues.
Economic competitiveness issue
Sonnenfeld said he approached his
research from a nonpartisan perspec-
tive. He noted he's longtime friends with
both Democratic Gov. Ned Lamont and
businessman and two-time GOP guber-
natorial candidate Bob Stefanowski.
In September 2021, Sonnenfeld was
also named co-chair of AdvanceCT, a
private economic development agency
responsible for recruiting companies to
the state and improving Connecticut's
economic competitiveness.
It's from that vantage point that he
wanted to take a closer look at the
% RETURN
10.44
10.3
9.4
9.3
9.29
9.2
9.2
9.19
9.1
9.02
8.94
8.9
8.9
8.9
8.7
8.7
8.62
8.6
8.6
8.6
8.59
8.5
8.5
8.41
8.4
8.4
8.4
8.3
8.26
8.16
8
8
7.96
7.92
7.8
7.8
7.77
7.7
7.49
7.47
7.32
7.28
6.7
6.51
6.4
6.06
STATE
WASHINGTON
MICHIGAN
MINNESOTA
ARKANSAS
OREGON
MASSACHUSETTS
NEVADA
OHIO
WEST VIRGINIA
MISSISSIPPI
ALASKA
ARIZONA
MAINE
SOUTH DAKOTA
OKLAHOMA
VIRGINIA
MONTANA
COLORADO
DELAWARE
IOWA
FLORIDA
KANSAS
NEW HAMPSHIRE
TENNESSEE
IDAHO
NEBRASKA
TEXAS
ILLINOIS
GEORGIA
NORTH DAKOTA
HAWAII
WISCONSIN
RHODE ISLAND
PENNSYLVANIA
LOUISIANA
MARYLAND
NEW JERSEY
CALIFORNIA
NEW MEXICO
SOUTH CAROLINA
KENTUCKY
CONNECTICUT
NORTH CAROLINA
VERMONT
INDIANA
MISSOURI
PENSION FUND NAME
Washington State investment Board
Michigan Investment Board
Minnesota State Board of Investment
Arkansas Teacher Retirement System
Oregon Public Employees Retirement Fund
Massachusetts Pension Reserves investment
Trust (PRIT) Nevada Public Employees Retirement System
State Teachers Retirement System of Ohio
West Virginia Investment Management Board
Mississippi Public Employees' Retirement System
Alaska Permanent Fund Corporation
Arizona State Retirement System
Maine Public Employees' Retirement System
South Dakota 'Retirement System
Oklahoma Teachers' Retirement System
Virginia Retirement System
Montana Board of Investments
Colorado Public Employees Retirement
Delaware Public Employees' Retirement System
Iowa Public Employees' Retirement System
Florida Retirement System
Kansas Public E1nolovees Retirement System
New Hampshire Retirement System
Tennessee Consolidated Retirement System
Idaho Public Employee Retirement System
Nebraska Investment Council
Texas E1nployees Retirement System
Illinois State Board of Investment
E1nployees' Retirement System of Georgia
North Dakota Public Employees Retirement System
Hawaii Employees' Retirement System
Wisconsin Retirement System
Rhode Island State Investment Commission
Pennsylvania SERS
Louisiana State Employees' Retirement Syste1n
Maryland State Retirement & Pension System
New Jersey Division of Investment
CalPERS
New Mexico Educational Retirement Board
South Carolina Retirement System Investment Commission
Kentucky Public Pensions Authority
Connecticut Teacher's Retirement Fund
North Carolina Retirement Syste1ns
Vermont Pension Investment Commission
Indiana Public Retirement System
Missouri State Employees Retirement System (MOSERS)
Top 10.44% return represents $13.5 billion in lost investment revenue for CT
Through June 30, 2022:
10-Year State Pension Fund
Investment Performances
3D PENBONE LLC
210 FARMINGTON AVE
HARTFORD
3DPENBONE@GMAIL.COM
LIL FATFATT LLC
430 NEW PARK AVE
HARTFORD
LEVAR@LILFATFATTLLC.COM
CHAMBERS & SONS
ENTERPRISE LLC
158 MATHER ST
HARTFORD
T UAN_C@YAHOO.COM
HERBSNSPICESCT LLC
151 EXETER ST
HARTFORD
HERBNSPICESCT@GMAIL.COM
GONZALEZ MAINTENANCE &
JANITORIAL LLC
133 BROWN ST
HARTFORD
WG86210@GMAIL.COM
BIG DADDY GLIZZY LLC
56 WARD PL
HARTFORD
LILGOLDO15@GMAIL.COM
VISION SERVICE PLAN INC.
225 ASYLUM ST
HARTFORD
PAM.KROPF@VSP.COM
ROMAN CONNECTION
ELECTRICAL LLC
366 W PRESTON ST
HARTFORD
ROMAN.CONNECTION1@GMAIL.COM
ADLEK ORANGE
STREET LLC
36 RUSS STREET , 3D FLOOR #295
HARTFORD
EFILE1234@INCFILE.COM
CYNTHIA DELIVERIES LLC
987 WETHERSFIELD AVE
HARTFORD
CINDY21CB@GMAIL.COM
J&J CONSULTATIONS LLC
6 AMHERST ST
HARTFORD
THEKINGXPL@GMAIL.COM
PIRI PIRI Q, LLC
2074 PARK STREET
HARTFORD
CARLOS@PARKVILLEMGMT.COM
MEXICAN CULTURE
CHIAPAS LLC
868 CAPITAL AVENUE
HARTFORD
GABRIELGAMBOA2010@HOTMAIL.COM
DIGITAL PROFIX2 LLC
27 NEW BRITAIN AVE
HARTFORD
DIGITALPROFIX2@GMAIL.COM
MILNER PEST CONTROL LLC
472 PROSPECT AVE
HARTFORD
DWIGHTLTAYLOR@GMAIL.COM
MERCADO DA CARNE &
SUPERMARKET #2 LLC
2074 PARK ST
HARTFORD
MERCADODACARNESM2@GMAIL.COM
HUBLEHUB LLC
36 RUSS STREET , 3D FLOOR #301
HARTFORD
EFILE1234@INCFILE.COM
OUT OF THIS WORLD
WIRELESS LLC
36 RUSS STREET , 3D FLOOR #299
HARTFORD
EFILE1234@INCFILE.COM
SHOP WITH JIGGY LLC
40 OWEN STREET
HARTFORD
BARTELLEJ@ICLOUD.COM
A PIECE OF MIND -
SECURITY CONSULTANTS LLC
36 RUSS STREET , 3D FLOOR #300
HARTFORD
EFILE1234@INCFILE.COM
PARKER'S SOUL FOOD LLC
1279 MAIN ST APT 2-4
HARTFORD
EFILE1234@INCFILE.COM
GO PRO CT LLC
36 RUSS STREET , 3D FLOOR #285
HARTFORD
EFILE1234@INCFILE.COM
FAITH ONLY LLC
36 RUSS STREET , 3D FLOOR #296
HARTFORD
EFILE1234@INCFILE.COM
BACK YARD DECORES LLC
644 TOWER AVE
HARTFORD
BESTYARDDECORES@GMAIL.COM
M-SQUARED ADVISORS, LLC
52 KENYON ST
HARTFORD
MICHAELMARTONE@GMAIL.COM
JM CLEANING SERVICES
COMMERCIAL & RESIDENTIAL LLC
67 EVERGREEN AVE
HARTFORD
JM.CLEANING.SERVICES.ADM@GMAIL.COM
WALDOS DOWNLOADS
DIGITAL EMPIRE LLC
21 HARRISON ST
HARTFORD
WALDOSDOWNLOADS@GMAIL.COM
CLAUDIO'S TRUCKING LLC
182 BARKER ST
HARTFORD
CLAUDIOSTRUCKINGLLC23@GMAIL.COM
NICLEIA
BEAUTY SALON LLC
20 SISSON AVE
HARTFORD
IANNY7@ICLOUD.COM
NANOMATIC LLC
1 IMLAY ST
HARTFORD
EFILE1234@INCFILE.COM
SOLE COMFORTABLE LLC
36 RUSS STREET , 3D FLOOR #298
HARTFORD
EFILE1234@INCFILE.COM
RENT-AND-RIDE LLC
30 LINCOLN STREET APT3
HARTFORD
EFILE1234@INCFILE.COM
VN PHO NGUYEN LLC
59 OVERLOOK TER
HARTFORD
KHOINGUYEN357@YAHOO.COM
J ALVAREZ SERVICES LLC
11 HADDAM ST
HARTFORD
JOSHUAALVAREZ078@GMAIL.COM
HANDS IN HARTS LLC
417 EDGEWOOD ST
HARTFORD
ANNMARIEANDERSON35@YAHOO.COM
SHOTS AND SHELLS LLC
36 RUSS STREET , 3D FLOOR #302
HARTFORD
EFILE1234@INCFILE.COM
SAYLOR
ENTERPRISES LLC
430 NEW PARK AVENUE
SUITE 102 #1030
HARTFORD
EFILE1234@INCFILE.COM
BAINE SOLUTIONS LLC
36 RUSS STREET ,
3D FLOOR #304
HARTFORD
EFILE1234@INCFILE.COM
LADY DEE CAR RENTAL
SERVICES LLC
36 RUSS STREET , 3D FLOOR #303
HARTFORD
EFILE1234@INCFILE.COM
D & A INVESTMENTS LLC
96 ENFIELD STREET
HARTFORD
B_ANNE@SALEMSTATE.EDU
JC MONREAL SERVICES LLC
122 PUTNAM STREET
HARTFORD
ISABEL@MULTISERVICESINTL.COM
CLG CONSULTING GROUP LLC
100 PEARL STREET
HARTFORD
MHAXHI@CRUMBIELAW.COM
BUTTERCREAM JREAMS BY
JEANN� LLC
161 HAROLD ST
HARTFORD
BCJREAMS@GMAIL.COM
NAVA'S STORE LLC
157 FAIRFIELD AVE
HARTFORD
NAVASTORECT@GMAIL.COM
APPLE HOOKAHS LLC
100 PROSPECT AVE
HARTFORD
APPLEHOOKAHCT@GMAIL.COM
CORNBREADS LLC
11
HARTFORD
CORNBREADSHOPS@GMAIL.COM
BLUEHILLS PROJECT LLC
23 COLEBROOK ST
HARTFORD
BHPR0JECT1016@GMAIL.COM
KAHLAE HANDCRAFTED LLC
25 ADAMS ST
HARTFORD
KAHLAEHANDCRAFTED@GMAIL.COM
ADRIAN CONSULTATIONS LLC
79 HEBRON ST
HARTFORD
AHOLNESS46@GMAIL.COM
LUUJAH LLC
78 EATON ST
HARTFORD
LAYNELESLEY383@GMAIL.COM
A.K.C ENTERPRISE LLC
106 PLAINFIELD ST
HARTFORD
KURTISTHOMAS27@GMAIL.COM
ORIENTAL LOUISIME
REVOCABLE TRUST LLC
IN CARE OF '' 72 CAMPFIELD AVE
HARTFORD
XMAJESTIK.7@GMAIL.COM
MACORI LLC
18 HUNGERFORD ST
HARTFORD
KATIRIARIVERA0126@ICLOUD.COM
BROOKSTONE HOLDINGS, LLC
84 CEDAR STREET
HARTFORD
JEFF@DRESSLERLAW.COM
RENOVA HIVE LLC
36 RUSS STREET , 3D FLOOR #309
HARTFORD
EFILE1234@INCFILE.COM
TASHAWNA MONIQUE TURNER LLC
141 WESTON ST
HARTFORD
TASHAWNATURNER9@GMAIL.COM
UNITED GROUP OF COMPANIES LLC
36 RUSS STREET , 3D FLOOR #297
HARTFORD
EFILE1234@INCFILE.COM
MID-STATE MOVING LLC
36 RUSS STREET , 3D FLOOR #306
HARTFORD
EFILE1234@INCFILE.COM
Source: Yale School of Management Chief Executive Leadership Institute
50-state average 8.35% return represents $4.2 billion in lost investment revenue for CT
50-state median 8.455% return is 1.175% higher than CT, represents $4.6 billion in lost investment revenue for CT
