The Illinois Municipal League will press lawmakers to support giving local governments more time to hit a 90% funded ratio and lowering the target to 80%.
Global Infrastructure Management has agreed to pay a $4.5 million penalty to settle Securities and Exchange Commission charges involving fees and expenses it passed on to investors in at least two of its funds.
Capital Constellation, the joint venture among leading institutional asset owners in Europe, North America and the Gulf, today announced the addition of a new partner, the New York State Common Retirement Fund.
Britain hiked interest rates last week. The U.S. Fed and European Central Bank also signalled plans to rein in stimulus. Yet, emerging market equities may come under pressure over the next few months.
Hawaii’s largest public pension fund, coming off its best performance in its 95-year history, continued its momentum by starting the new fiscal year on a positive note.