While indexes finally should rise above 2%, structural forces should keep it low.
Democratic AG seeks to overturn GOP-passed measure that would move teachers into a hybrid retirement plan.
Fund’s investments had been managed by consultants since August.
UBS said it expects Chinese mutual fund assets to reach nearly $7.5 trillion.
Report says pension cuts reduce the public sector’s ability to compete for new employees.
Referendum calls for social objectives to be factored into investment decisions.
Spate of applications brings 2018 total to five funds seeking permission to reduce benefits.
Private equity saw the biggest drop, 9.6%.
Responsibilities will be divided between two newly created independent companies.
Fund calls social media juggernaut’s current governance style an insufficient ‘whack-a-mole approach.’
CFO calls decision an ‘an important milestone.’