An Illinois pension fund hired a new global credit fixed-income emerging manager-of-managers and made a $50 million real estate commitment at its board meeting last week.
The outlook for higher education institutions is shifting to negative from stable as a result of the financial impact of the coronavirus outbreak, according to a recent outlook from Moody’s Investors Service.
The Treasury Department wants to use a crisis-era tool to support money-market funds, joining the Federal Reserve in the fight to keep financial markets working smoothly.