Projected S&P 500 profits rose just 6.7% in the second quarter, and even slower results are ahead. Not good for stocks, the firm contends.
Despite the loss, the pension fund beat its benchmark by 53 basis points.
The Teachers’ Retirement System of the State of Illinois earmarked over $1 billion for alts.
New law, signed by Biden on Tuesday, funnels $370 billion to help electric vehicle sales.
‘Fiduciary duty is not lip service,’ says August 4 letter, which is addressed to CEO Larry Fink and seeks ‘clarification on actions that appear to have been motivated by interests other than maximizing financial return.’