Pension fund officials argued in court filings that the plan’s 7 percent assumed rate of return on investment strips them of their ability to control the fund’s cost projections.
An Ontario pension fund is joining with Jaguar Transport Holdings LLC and Jaguar Rail Holdings LLC to acquire five U.S. short lines, according to Surface Transportation Board (STB) documents.
The $34 billion public fund plans to invest up to $850 million into opportunistic private credit mandates in a drive to ramp up its illiquid asset exposure.
The Securities and Exchange Commission on August 26, 2020 adopted amendments to the definition of “accredited investor” to: add new categories of investors (both for individuals and entities); codify long-standing SEC staff interpretations; and make conforming changes to the definition of “qualified institutional buyer” under Rule 144A.