California pension fund investment chief, under pressure from congressman, resigns

Saudis doing business with China should ‘ring alarm bells’: Ambassador Special Presidential Envoy for Arms Control Marshall Billingslea argues that the Chinese are taking the U.S. toward a nuclear arms race. The chief investment officer of the nation's largest public pension fund resigned Wednesday after less than two years on the job. Continue Reading Below CalPERS and its former CIO Yu […]

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Wall Street investors scored emergency government loans amid pandemic

BOSTON (Reuters) – Some investment firms, including those that run hedge funds or manage money for wealthy investors, are among the businesses approved for emergency U.S. government loans to help small businesses pay employees during the coronavirus lockdown, according to data made public on Monday. They included Semper Capital Management LP, which bets more than $2 billion on mortgage and […]

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Pete Buttigieg's campaign raised $6 million in January

WASHINGTON (Reuters) – Former South Bend, Indiana Mayor Pete Buttigieg raised $6 million in January, but has seen his campaign’s fundraising rise in the wake of strong performances in early primary contests. Buttigieg has raised $11 million in the first 20 days of February, his campaign said in a statement. Buttigieg won the Iowa caucuses and finished second in New […]

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Super fund members need to temper their great expectations

The excellent recent investment returns of super funds have raised expectations among members that they can be sustained, but a reality check is warranted, given economic growth remains weak and interest rates are likely to stay lower for longer. The average annual return of super funds for the 10-year period ended October 31 was 7.9 per cent. Over the past year, […]

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Super idea! A super fund designed for women

Sangeeta Venkatesan’s initial reaction to the idea of a super fund designed specifically for women was scepticism. “At first I thought ‘That’s ridiculous. Why do women need something special? Men and women should be treated the same,’” Venkatesan admits. FairVine super executive chair Sangeeta Venkatesan says traditional super retirement products do not cater effectively for women. Digging into some research […]

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Wells Fargo tests cryptocurrency for internal transactions

(Reuters) – Wells Fargo & Co (WFC.N) said on Tuesday it will pilot its own digital currency powered by blockchain to help move cash across borders and between branches in real time. The currency, called Wells Fargo Digital Cash, will be linked to the U.S. dollar and transferred using the bank’s distributed ledger technology to keep track of payments within […]

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Future Fund on the hunt for private equity growth

Australia's $200 billion sovereign wealth fund is considering lifting its exposure to private markets such as venture capital to benefit from the growth of innovative companies, but warns finding value in current market conditions is challenging. The Future Fund's  deputy chief investment officer Wendy Norris told the Australian Investment Conference on Wednesday that private equity investments were an increasingly important […]

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