In The News
The Treasury secretary ordered elite schools with “significant endowments” to return loans intended to help small businesses pay employees during the coronavirus pandemic. Some are resisting.
Struggling companies desperate for cash during the coronavirus crisis are raising money in a way that hasn’t been this widely used since the 2008 recession: selling bonds that can convert into stocks.
T. Rowe Price Group Inc. profits fell by 33% in the first quarter as the Covid-19 pandemic swept across the world, disrupting economies and causing a massive selloff in the stock market.
Fund II closed at its hard cap of $856 million (inclusive of the GP commitment) in under three months from its initial close.
The recent stock market downturn resulted in about a $6 million hit to the Longview Firefighters’ Relief and Retirement Fund. However, about one-third of those losses were restored by March 31, fund trustees’ Chairman Kolby Beckham said.
Hedge funds aren’t eligible for a signature U.S. rescue loan program, the government made clear Friday, potentially quelling a barrage of outrage over the possibility that well-heeled traders might beat out struggling small businesses for emergency funding.
The Ontario Municipal Employment Retirement System is launching a venture capital fund to back early-stage technology companies in North America and Europe.
Market volatility may be biggest factor in producing retirement shortfalls, according to the Employee Benefit Research Institute.
Alberta’s government-owned investment manager reportedly lost $4 billion in an investment strategy sidelined by the COVID-19 crisis and weak oil prices.
Rhode Island’s state pension investments lost nearly 10% of their value in the first quarter of the year as the global economy was knocked back by the coronavirus pandemic, according to General Treasurer Seth Magaziner.