In dissent, Commissioner Peirce said the new rules will harm investors, while Commissioner Uyeda called them ‘arbitrary and capricious.’
The plan was among four granted special financial assistance funds by the PBGC this week.
The commonwealth’s pension fund asset value grew to $105 billion.
Two reports seem to show a cooling economy, with the Fed backing off.
After a lean season, a bevy of excitement-generating deals is in the pipeline, headed by Instacart.
Hazards are already apparent for many institutional investors in infra funds, says French business school EDHEC.
Distress in the high-yield market often is a sign of pending trouble. But economists are backing off of their recession forecasts.
Brad Lander warns that a prolonged work stoppage may harm the ‘long-term stability' of investments held by the city’s pension funds.
Canada’s second-largest pension fund raised its portfolio’s asset value to C$424.2 billion.
The fund’s asset value rose to $254.1 billion, a big improvement from the prior-year period.
Strong gains from public equity investments raise the portfolio’s asset value to $65.2 billion.
The C$250 billion pension fund also netted a 4.8% return for the 12-month period that ended June 30.
Ratings drops affect Comerica and KeyCorp, following Moody’s negative actions on lenders two weeks ago.