The state government secured an unprecedented $300 million in debt last week to tackle the coronavirus public health crisis.
Asset Management Culture
SFERS encourages business to be creative in supporting the COVID-19 relief effort and to ‘utilize the current crisis to lead the human experience to new heights.’
The institutional investor joins firms such as JPMorgan in mobilizing around the relief effort.
Norway’s central bank is ramping up spending amid greater calls from the government for a stimulus package.
Plans in Massachusetts, Mississippi, and other states assure retirees that benefits won’t be delayed, but suspend counseling appointments.
Unisuper cites its ineffectiveness in helping the current market situation.
LGIM is said to have conceded to membership pressure regarding its investments in the fossil fuel industry.
Called the ‘burnout bill’ by advocates, pension beneficiaries could retire after 20 years, but get no health benefits.
‘You can’t be a gambler, and you can’t profess to have a crystal ball,” says state treasurer Dale Folwell.
Asset managers are turning to outside helpers as a kind of extra ammunition.