Rhode Island to Trim Pension Hedge Fund Exposure by Half
Rhode Island Treasurer Seth Magaziner's new investment strategy will trim the state's exposure to hedge funds by more than half.  more »
The Puerto Rico Electric Power Authority will attempt change the mind of the Puerto Rico Energy Commission concerning the Aguirre Offshore Gasport.  more »
Despite an increasing possibility that the Puerto Rico Sales Tax Financing Corp. (COFINA) will make full debt service payments through 2017, S&P Global Ratings' CC rating with a negative outlook on COFINA's sales tax bond reflect its continued opinion of COFINA's high likelihood of default.  more »
FALL RIVER, Mass. -- The City Council moved a multi-million capitol improvement spending package to its Committee on Finance for discussion on Tuesday and approved two $1 million bonds as part of a land deal with Atlantis Charter School near South Watuppa Pond.  more »
A New Jersey appellate court rejected an effort to block a $1.15 billion bond sale to complete the long-stalled American Dream shopping and entertainment development at the Meadowlands.  more »
The DC Water and Sewer Authority closed on a historic deal Thursday, issuing the nation's first Environmental Impact Bond to fund the initial green infrastructure project in its DC Clean Rivers Project.  more »
ALLENTOWN -- Weeks after the Philadelphia Phillies extended their affiliation with the Lehigh Valley IronPigs, team officials and Lehigh County are finalizing their own deal to keep the team in Allentown through 2045.  more »
For the second time, Deptford Township voters have overwhelmingly rejected a school bond referendum proposal that would have raised property taxes to renovate schools.  more »
New York City and Connecticut officials became the latest to take aim at Wells Fargo as the bank's fake-accounts scandal resonates through the municipal bond world.  more »
Groups opposed to the Puerto Rico Oversight Board plan to try to prevent its first meeting on Friday in New York City.  more »
The board of New York's MTA approved its new rotation of bond underwriters while holding off on the application of Wells Fargo Securities.  more »
Puerto Rico’s retirement system plans to join an ongoing lawsuit filed against UBS over the alleged mishandling of pension obligation bond proceeds.  more »
A long-awaited overhaul of New York’s Pennsylvania Station is now full steam ahead, according to Gov. Andrew Cuomo, who touted sweeping plans Tuesday to create a new “world-class” transportation hub.  more »
The Puerto Rico Energy Commission issued a five year plan for the island’s power authority, saying the utility had failed to come up with an acceptable alternative.  more »

Rhode Island General Treasurer Seth Magaziner, in an in-depth chat with Bond Buyer northeast regional editor Paul Burton, explains how the state can rebound through infrastructure. He also talks about his push to require investment firms to reveal public pension fees, lessons learned from the 38 Studios debacle, and his teaching days in post-Katrina Louisiana early in his career.

Regardless of which candidate takes the oath of office next January, improving our country’s infrastructure will be on the next president’s agenda.

Upcoming Events

Career Zone

Already a subscriber? Log in here
Please note you must now log in with your email address and password.