South Carolina’s retired judges and solicitors saw their annual pension payments soar by an average of more than $37,000 starting in mid-2019, while most state retirees were limited to pension increases of $500 or less.
GoldenTree Loan Management (“GLM”) and its affiliated investment manager GoldenTree Asset Management (collectively “GoldenTree”), announced the closing of a $503 million collateralized loan obligation (“CLO”) to be managed by GLM.
Lombard Odier Investment Managers (“LOIM”) has expanded its global trends offering with the launch of a new FinTech strategy, which aims to invest in the companies leading the technological and digital transformation of the financial services sector.
The coronavirus has upended the $8 trillion corporate bond market. Shutdowns have sparked an explosion of new bond sales, fueled by companies trying to borrow their way through a sharp economic downturn.
As pressure builds on philanthropy to respond to the disastrous social and economic effects wrought by COVID-19, the Wallace Global Fund is calling on philanthropic foundations to significantly increase their grantmaking beyond the 5% required by law.