What does an investment management firm look like when it’s redesigned based on first principles and based on the true “jobs to be done” of an investment manager?
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%.
The town’s board hired a firm to provide investment management services for its pension plan, taking over the duties previously handled by the pension committee.