Hints and tips:
...Another Texas law forced such institutions out of underwriting municipal bonds in the gun-loving Lone Star State....
...“If you are a real estate fund, you can’t ignore sea level rise when buying coastal buildings. It becomes actually an investor prudence issue,” he added....
...By shrinking the pool of banks available to underwrite municipal debt, the rule is pushing up borrowing costs, the research found. Still, laws attacking ESG aren’t going away anytime soon....
...Municipal debt has long been a haven asset class, popular with long-term investors including pension funds and insurance companies....
...This change will please smaller municipal and co-operative generating utilities that complained that they had been excluded from previous schemes....
...Those would require higher immediate contributions to pension and health benefit funds at the worst possible time....
...funds to its coffers....
...Proceedings can involve lengthy tangles with project opponents who are legally entitled to funds from energy developers....
...Part of the higher expenses includes preparing a partnership with Virtu Financial to trade exchange-traded funds....
...It is often by using these funds that they have been able to pile in to do their bit....
...(FT) World’s biggest pension fund stops stock lending Japan’s public pension fund, the world’s largest, has struck a blow against short-sellers, declaring that it will no longer allow overseas shares to...
...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....
...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....
...Look down at places such as Utah or Iowa, or even Virginia and North Carolina on your way to Palm Beach. This should be an obvious sort of trade even for the international investor....
...Bondholders include large international fund managers such as Franklin Templeton, Oppenheimer and Goldman Sachs Asset Management, as well as hedge funds including Aurelius Capital....
...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....
...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....
...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....
...Ms Whitney’s hedge fund, Kenbelle Capital, launched in 2013 but failed to generate investment profits....
...“There were clear forced sellers, panic sellers, and fear on Monday,” says Justin Leverenz, manager of the $30bn Oppenheimer Developing Markets fund, arguing that created buying opportunities....
...The top schools, particularly those in the US with large endowments, are tackling the problem by sinking funds into scholarships and fee waivers....
...The municipal bond market where states and local governments raise money does not fully reflect shoddy state budgeting, Mr Volcker said....
...Puerto Rico debt is a mainstay of muni bond portfolios given the island’s triple tax exemption, with over 60 per cent of US municipal mutual funds holding the securities, according to Morningstar....
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