A rift over an executive’s pay raise is risking an annual infusion of $18 million for the city’s retirement system, an attorney for the oversight board of a city pension fund says.
Executives from KKR & Co. Inc. have raised more than $1 billion in 2019 for their “impact fund“ as the alternative investment firm has made respect for human rights one of the tenets of its private-equity business.
The value of the Arkansas Public Employees Retirement System’s investments remained virtually flat in a volatile quarter that ended Sept. 30, as they dropped by $22 million to $9.13 billion, the system’s board of trustees learned Wednesday.
Stocks pulled back from near-record highs and plummeted on Wednesday, following a report that the phase one trade deal between China and the U.S. was again delayed, and now won’t be completed this year, causing renewed anxiety in the markets.
Federal Reserve officials said little about what would prompt them to resume interest-rate cuts when they signaled a pause following last month’s rate reduction.