Hints and tips:
...investments across five pension funds....
...Post pension funds....
...What began as a political stunt by Texas governor Greg Abbott to call the bluff of “sanctuary city” northern Democrats has almost overwhelmed cities such as New York and Chicago....
...The tech giant’s intent to buy the James R Thompson Center building, designed by Germany-born architect Helmut Jahn, from the state of Illinois came as the Chicago business community takes on a momentous...
...Illinois pension funds and some Jewish organisations made similar complaints earlier this year, leading Morningstar to apologise in June, saying its initial review was overly dismissive of the serious bias...
...Big institutions have long pursued farmland, led by fund groups such as TIAA and public pension plans, but institutional investors own only 2 per cent of the $3tn US market, according to industry estimates...
...In August, he barred managers of the state’s $186bn pension fund from considering environmental and sustainability issues when investing. Then there is Florida’s property insurance market....
...“Every pension fund investing in private funds would benefit if there were greater transparency and competition,” said Gensler....
...The five states with the largest unfunded liabilities — California, Illinois, New Jersey, Texas and Pennsylvania — together have a shortfall of $693bn, which is larger than the rest of the country combined...
...The funds are being used to expand fledgling networks to areas where BT’s Openreach has yet to upgrade to fibre, stretching from second cities to suburban areas to very rural areas....
...’ Retirement System, the second largest pension fund in the US....
...The jolt of volatility has dulled hopes that large pension funds and traditional investors will pile into the most actively traded cryptocurrency anytime soon....
...The average plan size for the 649 downstate and suburban pensions, which are to be consolidated, is just $22m....
...So far it doesn’t seem like that,” says PS Sriraj, director of the Urban Transportation Center at the University of Illinois at Chicago....
...The state of Illinois, unfortunately, has its own serious problems with current spending and unfunded pensions....
...In November last year the UN’s joint staff pension fund, which manages about $64bn, announced a partnership with Entelligent which specialises in low-carbon investing....
...Kentucky ranks as the weakest US state pension system with a funded position of 33.9 per cent (assets as a percentage of liabilities), followed by New Jersey (35.8 per cent) and Illinois (38.4 per cent)....
...This is a gift from someone, maybe savers and DB pension systems....
...(FT, WSJ, Bloomberg) In the news US pension fund ‘risks’ China investment Senior US senators have demanded in a letter seen by the Financial Times that one of the government’s biggest pension funds reverses...
...At the conclusion of an often-colourful hearing in suburban New York, Judge Robert Drain on Thursday said the hedge fund manager had the chance to show that the “substantial verbal abuse” to which he had...
...Mr Emanuel, who was White House chief of staff under President Barack Obama, has been in office for more than seven years and was understood to be raising funds for a re-election campaign....
...About 68,000 jobs are in jeopardy as the retailer, a byword of suburban consumerism for generations of Americans, battles to emerge from Chapter 11 and stay in business as a smaller entity....
...With budget shuffling, increased borrowing and deferral of pension fund payments, they kept their workforce and notional solvency. It will not work next time....
...Withdrawal of deposits is comparable to equity divestment from environmentally harmful projects, a popular theme for pension funds and other major investors over recent years....
...In a paper published this year, researchers Nan Qin and Di Wang from the universities of Northern Illinois and Maryland, respectively, found increases in US stock ownership by passive funds were followed...
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