A Rocky Mountain pension plan liquidated a high-yield fixed-income investment and moved the assets to an existing core bond manager at an August board meeting.
Former TerraForm Power Inc. investors can advance their challenge to a $650 million financing deal with its majority owner, Brookfield Asset Management Inc., because Brookfield’s subsequent $1.6 billion buyout of TerraForm didn’t deprive them of standing to bring the case, a Delaware judge ruled.
Some of the most conservative real-estate funds are suffering from falling property values, putting their fund managers in a tough spot as investors look to cash out.
A Northeastern police pension plan made a hire in its search for a firm to provide actuarial, administrative, investment advisory and custodial services this week.