Concerned about downturn risk in equities, the New York State Common Retirement Fund may tilt allocation to bonds.
Fund veteran Arnold B. Phillips had been serving as interim head since May 2018.
Earnings slowdown expected to propel a movement away from heavy borrowing.
Verdicts come amid political criticism, current market environment.
One sees parallels to 2007 in current market conditions.
Lawsuit accuses Bank of America, Royal Bank of Scotland of rigging European government bond prices.
The erstwhile Bond King reveals surprises as he heads for retirement.
Buyers of the funds triple in number, although these securities are still a small part of carriers’ portfolios, study says.
State’s bond history and already badly funded pension shows little room for maneuver.
Their 0.65% increase last month makes up more than two-thirds of this year’s increase.
Moody’s warns that without public cuts, liabilities will eat 30% of state income.