Penn Mutual Asset Management, a registered investment advisory firm and wholly owned subsidiary of Penn Mutual, has announced the launch of the Penn Mutual AM 1847 Income Fund.
Kayne Anderson Capital Advisors, L.P. (“Kayne”), a leading alternative asset management firm with over $30 billion under management, has launched the Kayne Anderson Renewable Infrastructure Fund (KARIX), a registered, open-end mutual fund offering daily liquidity.
The Guardian reports that the government-backed National Employment Savings Trust (Nest) scheme, which has nine million members, will ban investments in any companies involved in coal mining, oil from tar sands and arctic drilling.
Kuwait’s Public Institution for Social Security posted a record first-quarter investment profit following a reboot of its strategy as the pension fund put behind a corruption scandal involving a previous manager.
As the MBTA struggles through the pandemic with a drop in ridership and revenue, another pressing financial problem looms largely outside the public eye: the bleeding of the pension fund for T workers.