Several municipalities are bringing their emergency services “in house,” rather than contracting them to a private entity. But such efforts rarely help cities–or the state–save money. Gains from providing fire and emergency services together is overstated & it does nothing to solve pension woes.
Regulators and law enforcement are looking into flagrantly illegal private “side letter” agreements which pay investors aware of fraud to not tell unsuspecting others.
The new hire will oversee the firm’s $32.7 billion real estate equity portfolio, which includes core, core-plus, build-to-core, value-add and opportunistic strategies.