Hints and tips:
...Concord, which is controlled by investor Alchemy Copyrights and is ultimately majority owned by US pension fund Michigan Retirement, has been an acquirer of music rights and companies....
...Take Calstrs, the $327bn US pension fund that is one of the world’s biggest backers of private equity....
...Four public pension plans with more than $4bn allocated to China-focused private equity funds told the Financial Times they were ready to delay redemptions from investments nearing the end of 10-year lifespans...
...CCL present a composite balance sheet for the Japanese public sector, including the central government, the BoJ and the state pension fund....
...The new fund is targeting $2.5bn of equity commitments, with roughly $2bn already contributed by Abu Dhabi’s sovereign wealth fund and the Canadian pension fund British Columbia Investment Management....
...“I had no idea they were so upset until I got here,” said one hedge fund manager. Most focused on figuring out how to benefit from the subsidies....
...Elsewhere, the US has trade, consumer credit, preliminary Michigan Sentiment and annual consumer price index (CPI) inflation rate revisions, Germany publishes its delayed CPI data along with factory orders...
...In February, the £8.8bn UK Royal Mail pension plan picked BlackRock to manage its money, switching from in-house management....
...UK, further strike action, this time by Public and Commercial Services union members working for HMRC in Glasgow and Newcastle over pay, pensions, job security and redundancy terms....
...Delays at US custody bank exacerbated UK pension sell-off Custody lender Northern Trust was overwhelmed by margin calls during the gilt market turmoil, hampering pension funds’ ability to raise cash, according...
...Brexit trade deal vote The European parliament will vote on ratifying the UK-EU Brexit trade deal agreed in December on Tuesday....
...While apps and social media have led more people to trade shares, that has not made our system of market-driven capitalism stronger....
...The Department of Labor’s oversight of some pension funds could do the same. These are steps that would “raise the cost of capital for fossil [fuels] and lower it for greener energy”, says Mr Book....
...Mr Ubben, who oversees ValueAct’s Spring Fund after stepping down as chief executive of ValueAct, invested $50m of the impact fund’s assets in Nikola....
...That is probably optimistic, since the state assumes a 7 per cent rate of return on its pension funds, about three times its recent earnings....
...Large pension shortfalls have already played a role in driving several US cities, including Detroit in Michigan and San Bernardino in California, to file for bankruptcy....
...or a pension....
...The problem is that most investors in infrastructure tend not to pay tax (because they are endowments or pension funds), and so the incentive will make no difference to them....
...One senior US investment firm executive on a visit to Japan said that normally phlegmatic institutional investors such as pension funds and insurers all asked about the impact of a president Trump....
...By first writing down legacy debts to creditors and pensions funds, the government could safely finance a reorganisation of GM and Chrysler after the companies were put into bankruptcy....
...The new company, to be named WEC Energy, will serve a combined 4.3m customers in Wisconsin, Illinois, Michigan and Minnesota, making it one of the largest Midwestern utilities....
...Nor is it Illinois that is politically unable to sort out its pension woes or Rhode Island that is flirting with default....
...Now, it is only one-third, because of the rise in spending on pensions and health, and a little over half of those discretionary funds are for the Pentagon....
...Guns are banned in the city itself but Chicago’s environs do a roaring trade....
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