In The News
At the close of May, the Rhode Island Pension Fund earned $163 million, after recently reaching a historic high value of $10 billion.
It’s tempting for governments to pull back on funding pensions when times are good, but near-impossible to make it up when they’re not.
“We fundamentally believe that diverse companies will perform better, that diverse companies will also be able to retain their top talent longer,” the CalPERS CEO said.
Aside from detracting attention from the couple, Michael Larson’s main mandate has been to invest conservatively.
Given that the Bay area is one of the priciest regions in the country with one of the most acute housing shortages, it raises the question: are we seeing an investment fund-led surge here?
The need for higher returns can breed desperation for anyone with a portfolio—large or small.
CVI Credit Value Fund V, which exceeded the initial hard cap, will pursue public and private market opportunities across the full credit spectrum.
Investors increasingly seek out diversity among company founders, leading to more support for Black-led funds and growing appetite to back startups led by people from groups that venture capital has historically overlooked.
We have always and continue to want this incentive to succeed, but we continue to have trepidations about that. Those fears have only grown as we hear directly from people in communities who say the incentive is causing more harm than good.
Profit margins on specialist homes and schools jump during pandemic despite pressure on councils.