Providence Mayor Jorge Elorza will once again ask state lawmakers to approve hundreds of millions of dollars in borrowing to rescue the city’s ailing pension fund, but this time with a smaller price tag and a plan to ask city voters for their approval.
In a secret session and after the circulation of a controversial non-disclosure agreement, the board of Pennsylvania’s embattled teachers’ pension fund is finally learning the results of a months-long internal review into its exaggerated profit figure and questions about its purchase of Harrisburg real estate.
U.S. public pension funds will likely have to switch to more aggressive investment strategies in the coming years to fill funding gaps despite assets held by sovereign investors having grown to record levels amid the 2021 equity market boom, a new report said.
European investors believe megatrends like ESG and emerging markets will shape the way they invest in future, according to an RBC Asset Management survey.
Female founders have more than proved their worth by bringing in better returns than their male counterparts. Is the venture capital community slowly waking up to the arbitrage opportunity they represent?