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...She added: “This is where the disquiet comes in for trustees — and their advisers too.”...
...The company said Lavine, a large donor to the Democratic party and the former chair of Columbia University’s board of trustees, “believes the time is right to take on a new role” and step back from day-to-day...
...The US Federal Aviation Administration has launched an investigation, and an audit of Boeing and supplier Spirit AeroSystems found “multiple instances” of failure to comply with manufacturing quality controls...
...The lunch comes at a testy time in relations between the Biden administration and US business — and suggests an attempt by both sides to improve the relationship as the 2024 general election campaign approaches...
...a medical equipment company that won more than £200mn of UK state contracts during the pandemic....
...to subsidise grants and contracts via other sources of income or their own reserves....
...“I am not sure that it is the role of the government to tell trustees where they place their money,” said Armitt....
...“The bigger funds are more nimble and can act quickly,” said Chris Roberts, managing director at Dalriada Trustees, a firm of professional trustees....
...But she told the Financial Times she would have “cause for concern” if ministers were to go a step further and direct trustees as to where funds should be allocated....
...The move to broaden out the types of collateral that liability-driven investment (LDI) funds can use to backstop their trades comes as the market explores ways to prevent a repeat of the near-implosion of...
...At a meeting held last month, the firm proposed to its board of trustees for Pimco Funds that it consider converting its $141mn Mortgage-Backed Securities Fund from a mutual fund into an ETF, the filing...
...Trustees of UK pension schemes would be prevented from taking “overly risky” decisions after government plans to ease employers’ access to billions of pounds in pension fund surpluses, ministers said....
...Employers’ access to billions of pounds of surpluses in UK company pension funds would be eased under proposals set out by the government on Friday....
...For the moment, pension fund trustees in the UK are still not sure if they can prioritise the positive climate impacts of an investment at the expense of creating returns for beneficiaries, according to...
...“I am not sure that it is the role of the government to tell trustees where they place their money,” he said, when was asked whether he thought governments should compel pension funds to invest to help meet...
...technology from the Biden administration and several coastal states....
...Trustees need to be telling advisers what to do, rather than the other way around. Rory Murphy Chair of Trustees Merchant Navy Officers Pension Fund West Sussex, UK...
...He warned the “longtime consensus had evaporated” between the board, donors, alumni, faculty and administration....
...In DC schemes, since the investment risk falls wholly on the scheme members, any such underperformance falls directly on the scheme members (and their pensions) and so trustees, acting in the interest of...
...Hedge funds have piled into the cocoa market since the end of last year, exacerbating a record-breaking surge in prices sparked by poor harvests in West Africa....
...Now that exchange traded funds holding actual bitcoin — rather than futures contracts — have finally been given the go-ahead, a new process has begun: winning over the due diligence experts used by client-facing...
...Pension trustees should expect more questions about the voting decisions of their chosen fund managers....
...Bitcoin exchange traded funds have grabbed the headlines in the US this year, attracting strong investor interest and — for a time — helping to drive the price of the world’s most popular cryptocurrency...
...The Biden administration has warned of a lengthy disruption to one of the US’s busiest ports, as carmakers reroute their shipments and insurers brace themselves for multibillion-dollar claims following the...
...A claim filed in a court in Los Angeles on Tuesday said the use of a “special expenses” fund of $950,000 after tax was an agreed part of his contract....
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