In Rhode Island, home to Brown University, two proposed bills could make private, nonprofit higher education institutions pay state taxes on their endowments and properties. A bigger reckoning of wealthy universities could be underway.
The newly launched sustainable credit fund is designed to facilitate the transition to a net zero global economy while securing attractive financial returns.
Institutional investors look to emerging markets’ fixed income assets, but the war in Ukraine has dampened sentiment in Europe, according to a new global survey.
With recent research from Knight Foundation revealing that as little as 0.04% per cent of US-based AuM is managed by diverse-owned hedge funds, investors are increasingly requesting data and actively looking to invest in diverse funds.
Public pensions in Pennsylvania have a transparency problem. Though the public retirement systems pay performance-based fees to investment managers, these fees aren’t reported or publicly available.
The Employes’ Retirement System of the City of Milwaukee, a pension fund that covers over 12,500 city retirees and their survivors, reached a settlement in a lawsuit where the Milwaukee pension fund alleged losing “hundreds of millions of dollars” due to a fraudulent scheme.
Allianz Global Investors, a multinational investment firm based in Germany, is facing federal fraud charges – and the announcement comes just over two months after the Virginia Retirement System closed its account with the company.
A Fifth Circuit panel ruled Wednesday that the U.S. Securities and Exchange Commission’s use of in-house courts to bring a securities fraud case against a hedge fund manager was unconstitutional.
About a third of hedge funds invest in ESG-dedicated strategies leading to investment demand being considered a ‘primary driver’ in improving ESG, research from BNP Paribas shows.