Grand Traverse County commissioners Wednesday reiterated their commitment to an aggressive payment schedule that could fully fund the county’s $99.7 million pension debt in 10 years – but expressed frustration with their pension provider, directing staff to explore the county’s options for leaving the Municipal Employees’ Retirement System (MERS).
With the help of regulators and lawmakers, 401(k) plans are trying to become more like the old-fashioned pension plans they replaced. The latest example involves private equity, an illiquid investment that is a staple in pensions and now wants to be in your 401(k).
We are excited to announce that we have raised Material Impact Fund II, a $200 million oversubscribed fund that enables us to continue to build world-changing companies around products enabled by materials innovations.
In recent days, corporations and institutional investors like BlackRock, Fidelity, and Vanguard have issued welcome statements decrying racial inequity and injustice.
UBS Wealth Management USA is adding separately managed accounts from seven well-known fund companies to its menu of proprietary strategies that waive outside manager fees, citing the success of a strategy introduced earlier this year on UBS-advised strategies.
The Governmental Accounting Standards Board issued guidance Tuesday to improve the reporting of Section 457 deferred compensation plans for state and local government employees.
Carillon Tower Advisers, a global multi-boutique asset management firm, today announced the launch of a new fundamentally driven, active U.S. small cap equity SICAV fund, the “Raymond James Funds Eagle U.S. Small Cap Strategy,” to be managed by its affiliate Eagle Asset Management (“Eagle”).
Americans gave US$450 billion to charity in 2019, about $1 billion less than a record high in 2017, after adjusting for inflation. Thanks in large part to strong economic conditions in 2019, our team found total giving rose 2.4%.