The U.S. Department of Labor today released a Supplemental Statement clarifying a June 2020 Information Letter on private equity investments as a component of a professionally managed asset allocation fund offered as an investment option in participant-directed retirement savings plans, such as 401(k) plans.
The Illinois Municipal League will press lawmakers to support giving local governments more time to hit a 90% funded ratio and lowering the target to 80%.
Global Infrastructure Management has agreed to pay a $4.5 million penalty to settle Securities and Exchange Commission charges involving fees and expenses it passed on to investors in at least two of its funds.
Capital Constellation, the joint venture among leading institutional asset owners in Europe, North America and the Gulf, today announced the addition of a new partner, the New York State Common Retirement Fund.
Britain hiked interest rates last week. The U.S. Fed and European Central Bank also signalled plans to rein in stimulus. Yet, emerging market equities may come under pressure over the next few months.
Hawaii’s largest public pension fund, coming off its best performance in its 95-year history, continued its momentum by starting the new fiscal year on a positive note.
The possibility of change is in the air as an acting investment chief takes over. Meanwhile, two federal probes grind on, and four other reports are coming that may shed light on PSERS investments.