The recent stock market downturn resulted in about a $6 million hit to the Longview Firefighters’ Relief and Retirement Fund. However, about one-third of those losses were restored by March 31, fund trustees’ Chairman Kolby Beckham said.
Hedge funds aren’t eligible for a signature U.S. rescue loan program, the government made clear Friday, potentially quelling a barrage of outrage over the possibility that well-heeled traders might beat out struggling small businesses for emergency funding.
The Ontario Municipal Employment Retirement System is launching a venture capital fund to back early-stage technology companies in North America and Europe.
Alberta’s government-owned investment manager reportedly lost $4 billion in an investment strategy sidelined by the COVID-19 crisis and weak oil prices.