The downgrades are driven by changes to Fitch’s rating criteria for closed-end funds (CEFs), rather than by any fundamental changes to the fund’s credit profile.
After years of idle threats, Washington is talking seriously about ending the tax break that has helped private equity become one of the most lucrative corners of U.S. finance.
A union that represents 61,000 schoolteachers statewide called on most of the board of the Pennsylvania State Employees’ Retirement System to resign amid an ongoing FBI investigation.