New York’s pension fund is recognized by independent observers as a leader among investors in responsibly addressing the risks and opportunities presented by climate change.
2020 Municipal Finance Conference papers on prudent strategies for state and local governments confronting low returns on pension investments, aging workforces, and pressure to build portfolios large enough to cover promised future benefits while these governments face other pressing demands?
The first half of 2020 saw fewer new funds launched and a higher number of closures than in the past several years. Beware a flurry of new products in the second half of the year.
The family-owned publisher of The Sacramento Bee and The Miami Herald announced the winner of its bankruptcy sale: Chatham Asset Management, the owner of The National Enquirer.
Long before current market volatility, state and local pension debt posed a risk somewhere between a ticking time bomb and a crate of nitroglycerin. An explosion is coming eventually, and any major shock, whether related to COVID-19 or the next recession down the road, could set it off.