In The News
Tarrant, the founder of Protege Partners, died of a brain tumor, Reuters reports.
The collective unfunded pension tab for more than 600 downstate and suburban Illinois public safety funds grew by $1 billion to $11 billion, with the funded ratio recording its first decline since 2010, according to the latest figures submitted by the funds.
Fed interest rate cuts raise prospect of a bigger push into riskier assets.
Main Post Advisors has set out to raise a $500 million venture-capital fund, according to a filing with the SEC.
Public plans with more than $1 billion in assets earned a median return of 6.79% for the year ended June 30, the lowest since 2016.
A controversial section of a proposed code of conduct would bar California Public Employees’ Retirement System board members from speaking out against investment decisions or policies following board approval, a move some are claiming is aimed at stifling dissent and preventing board members from talking to the media, CIO reports.
Lightyear Capital announced today that investment funds affiliated with Lightyear and the Public Sector Pension Investment Board have completed the sale of Advisor Group to Reverence Capital Partners.
Canadian defined benefit plans posted a median return of 2.5 per cent during the second quarter of 2019, according to data by Northern Trust Corp.
Another financial services firm has agreed to some procedural changes and a monetary settlement regarding the proprietary funds it offered in its own 401(k) plan.
The Board of Supervisors ordered an audit Tuesday of L.A. County’s pension fund following a Times investigation of trustees’ spending on travel.