Before a 2007 law, local retirement systems regardless of performance could retain their own investment managers and/or opt to invest some or all of their assets in the PRIT fund.
Ohio State attracted a lot of criticism when it invested in startup VC firm @drivecapital in 2013 with encouragement from retiring President Gordon Gee. Here’s what the Root IPO means for the school’s $50M stake in Drive.
Many money managers and strategists are reluctant to project confidence after being caught off guard by a number of market-jolting shocks over the years.
On October 7, 2020, Bill 68, An Act mainly to allow the establishment of target benefit pension plans (Bill 68), was tabled at Quebec’s National Assembly by the province’s Minister of Finance, Éric Girard.
Investment Management Corp. of Ontario, a money manager for pension funds in the Canadian province, has committed C$1 billion ($750 million) to three funds as it looks to boost its private equity operations.
Today ARK Investment Management, LLC (“ARK”), a New York-based investment adviser focused solely on disruptive innovation, announced an important step toward strengthening its business and foundation for future growth.