A $2.5 billion investment firm owned by Richard Parsons and Ronald Lauder received a forgivable loan from the federal government’s small business loan program.
The vast majority (81 per cent) of global pension plan sponsors said they have allocations to some kind of climate change-related funds, according to a new survey from CREATE-Research.
Investors have been reassessing their approach to investing in Chinese equities, according to a new report, which has shown a shift toward products specific to the region.
The economic shutdown caused by the coronavirus will result in a steep drop in tax revenue for state and local governments, forcing them to make difficult decisions about how to fund the state pension systems their employees rely on for their retirement.
Grand Traverse County commissioners Wednesday reiterated their commitment to an aggressive payment schedule that could fully fund the county’s $99.7 million pension debt in 10 years – but expressed frustration with their pension provider, directing staff to explore the county’s options for leaving the Municipal Employees’ Retirement System (MERS).