Five funds apply to the Treasury Department to have benefits reduced for their members.

North America sees downturn of deals, while Europe posts highest aggregate total since 1Q 2016.

James Gautrey, CFA, Portfolio Manager and Global Sector Specialist (Technology) of Schroders’ Global & International Equities team delves into the complex realm of artificial intelligence. In this paper, he examines its increasing relevance in daily life as well as its implications to investment managers and investors.

Even with lowered returns, no negative impact on ability to meet obligations.

New York-based plan expected to resubmit application with revised assumptions.