Newsmakers
Austin Takes Steps to Save Local Pensions
The city’s Audit and Finance Committee enables new legislative allowances to save its police and employees’ retirement systems.
Along with Carl Icahn, oil tycoon T. Boone Pickens invented the corporate raider concept.
Investment portfolio gains 3.2% in Q2 to reach $31.9 billion in assets.
Fund aims to protect against equity risks.
Chase CEO Jamie Dimon to provide market insights in September board meeting.
Advocates call it ‘the most positive legislative action for all TRS members’ in quarter century.