Time for some good news, for a change, or, rather, a bit of a case study with a multiemployer plan that is not headed toward insolvency, and is in fact in the “green zone” that designates healthy plans.
The New York State Common Retirement Fund’s estimated return in the third quarter of the State Fiscal Year 2019-20 was 5.28% for the three-month period ending Dec. 31, 2019, with an estimated value of $225.9 billion, according to New York State Comptroller Thomas P. DiNapoli.
Colleges and universities generally aren’t happy about the endowment tax, but many are paying less than the tens of millions of dollars reported by the country’s wealthiest universities, a review finds.
Fund VI was oversubscribed and closed at its hard cap with significant upsizing by existing investors and by adding several new institutional investors.