Hints and tips:
...At one point, Gorewar delights the crowd by haranguing a group of municipal electricity workers to improve local service....
...“This wasn’t as if PIF” — the Saudi sovereign wealth fund — “was investing in the business,” he says....
...“So far we don’t see any real progress,” says an Istanbul municipal official. “It’s just talk.”...
...Otherwise, I would have been sorely disappointed with the reality,” said Mr Wiener, chairman and co-founder of Adviser Investments, a Massachusetts-based wealth manager that uses Vanguard funds widely in...
...“Proposals to sabotage President Biden and our nation’s economy are reckless, they’re wrong, and they have no place in this legislation,” Elizabeth Warren, the Massachusetts senator, said in a statement....
...The Massachusetts-based maker of a Covid-19 vaccine, Moderna got a “low” score on environmental and social issues. Moderna was also considered an ESG laggard by MSCI....
...Proceedings can involve lengthy tangles with project opponents who are legally entitled to funds from energy developers....
...“There is a noticeable bump” in expected volatility, said Federico Gilly, a fund manager at Goldman Sachs Asset Management....
...Bharat Ramamurti, a former aide to Elizabeth Warren, Massachusetts senator, who was chosen to be a member of a congressional oversight panel for the bailout funds, has been pressing the central bank to offer...
...Part of the higher expenses includes preparing a partnership with Virtu Financial to trade exchange-traded funds....
...A handful of US-listed exchange traded funds track this segment, the biggest being the ETFMG Alternative Harvest fund....
...It employs more than 2,000 people with offices in New York, Dallas, Seattle, Denver and Rochester, New York, and is presently run by Art Steinmetz, a 32-year veteran....
...Rezo Kanovich, one of Oppenheimer's star fund managers, jumped ship this month to Artisan Partners, and there is a risk that more leave, said Daniel Culloton, an analyst at Morningstar....
...It employs more than 2,000 people with offices in New York, Dallas, Seattle, Denver and Rochester, New York....
...Charlotte has become a fund management hub, with Nuveen and Dimensional Fund Advisors having large offices in the city. AllianceBernstein also considered Charlotte before opting for Nashville....
...Behind the Silicon Valley and Boston facilities is Zhongguancun Development Group, a venture capital fund that originated in Beijing’s technology district and is owned by the city’s municipal government....
...“They moved to Massachusetts — Taxachussetts!” he says, referring to the neighbouring state’s nickname for its high taxes....
...Bondholders include large international fund managers such as Franklin Templeton, Oppenheimer and Goldman Sachs Asset Management, as well as hedge funds including Aurelius Capital....
...The local governments would each have shares in the fund proportionate to the value of the assets they contributed. These shares would be reported as assets on the municipal balance sheets....
...such as Aurelius Capital and Baupost, and mutual funds such as Franklin Templeton and Oppenheimer over how much each competing class of bondholder should be paid....
...“Payments to the state’s pension funds; state payroll including legislator pay; General State Aid to schools and payments to local governments — in some combination — will likely have to be cut.”...
...The process will allow the territory to slice its debt load and impose deep losses on mutual funds and hedge funds, including Franklin Templeton and Oppenheimer, that have invested in its bonds as the island...
...Hedge funds who own the bonds want to stop the government redirecting its funds away from credit repayment....
...On May 3, Mr Rosselló ordered the use of that quasi-bankruptcy procedure, and so triggered the largest restructuring filing on record in the $3.8tn municipal bond market where states and cities fund public...
...The tax benefit was — for a time — a boon to municipal bond fund managers across the US who often struggled to find enough of a given state’s bonds to fill a portfolio....
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