Louisville Endowment Audit Finds Rampant Mismanagement
Scathing report accuses fund of poor oversight, depletion of funds, and unauthorized transactions.
Scathing report accuses fund of poor oversight, depletion of funds, and unauthorized transactions.
The Pennsylvania-based pension fund trumps last year’s Q1 reports.
Economist also notes that US rate rise likely to be slow based on high levels of debt.
The annual report shows that a 12.8% return gives net assets an $18.8 billion boost.
New York City Pension Funds lead the charge against Management Proposal 5 with Glass Lewis, ISS’s endorsement as they prep for Mylan’s June 22 shareholder meeting.
Bessemer Trust CIO Rebecca Patterson will serve a six-year term.
$32 billion hedge fund said the move will allow it to invest in smaller, more liquid investments.
Inaugural survey revealed high level of dissatisfaction with the pension fund.
Move means plan contributions, PBGC premiums may rise.
Else Bos will leave the company after more than four years at the helm.
The hybrid pension plan known as Senate Bill 1 was made official, but what does it mean for new and current workers?
The SkyBridge founder and potential US ambassador shares his thoughts on economic problems and how to solve them.
Cambridge Associates’ CA Capital Management will manage the nonprofit’s impact investment program.
NEPC survey finds passive investing is losing momentum, cites geopolitical uncertainty, market volatility.
Report finds pension funds spurred increase in worldwide asset total.