UBS Asset Management continues to take steps to climb out of the hole its Trumbull Property Fund finds itself in as poor performance has left the industry’s largest core real estate fund with redemption queues of more than four years.
Institutional investors had a median return of -11.6% in the first quarter as the coronavirus pandemic impacted markets, according to new data from Northern Trust Corporation.
The recent stock market downturn resulted in about a $6 million hit to the Longview Firefighters’ Relief and Retirement Fund. However, about one-third of those losses were restored by March 31, fund trustees’ Chairman Kolby Beckham said.
Hedge funds aren’t eligible for a signature U.S. rescue loan program, the government made clear Friday, potentially quelling a barrage of outrage over the possibility that well-heeled traders might beat out struggling small businesses for emergency funding.
The Ontario Municipal Employment Retirement System is launching a venture capital fund to back early-stage technology companies in North America and Europe.