Shares of Chinese companies that trade in the U.S. traded lower Tuesday following reports that the White House is considering restricting government pension fund investments in China.
Thousands of pension fund managers and trustees are gathering for an all-expenses paid convention at the out-of-state Grand Geneva Resort and Spa, and local taxpayers are picking up the tab.
For 24 years, Karen Bradley worked as a nurse at St. Clare’s Hospital in Schenectady, N.Y. The pay wasn’t great, she says, but it was a good hospital, the place where her father once worked as a pharmacist. Bradley thought that if she stayed she’d have a nice pension for retirement.
A private-sector pension crisis is hitting roughly 19,000 current and retired unionized skilled trades workers in southeast Michigan, another sign of the precarious nature of some pension promises made to workers years ago.
For the 12 months ending June 30, 2019, Stanford Management Company generated a 6.5 percent investment return, net of all internal and external costs and fees, but gross of the newly levied tax on certain endowments.
I am pleased to report that as we closed fiscal year 2019. the Total Endowment achieved top-quartile performance relative to other endowments, returning 7.3 percent for the fiscal year ending June 30, 2019.