Wealth management

Sycamore Advisors taps muni veterans Dominick Setari and Chris Valentino to help build its Northeast muni business.

Continued selling would put more pressure on an already burdened secondary market.

The New York City Comptroller is encouraging greater diversity among investment managers hired by the city’s pension funds.

The two Midwest firms combined to expand their fixed-income capabilities amid rising rates.

One proposal is to use the Chicago water system to fund the Windy City’s public employee pension plans.

Wilshire Consulting said the aggregate funded ratio for U.S. state pension plans remained unchanged between and first and second quarters of 2018 at 70.8%, up 0.7 percentage points from the previous 12 months.

Portfolio managers say taxable alternatives have appeared cheaper lately when compared to the short end of the tax-exempt yield curve.

The city will sell them this year if Rahm Emanuel's administration decides to move forward.

The settlement means the court won't decide the rights of bondholders versus pension funds.

The Public Employee Pension Transparency Act (HR 6290) would prohibit states and localities from issuing tax-exempt bonds unless they file annual reports on their public pension systems to the U.S. Treasury Department.

The state program invests retirement savings for workers whose employers don't offer pension plans.

A judge signed off Thursday on the city's interim settlement with its police and fire pension funds,

An overhaul trimmed $7 billion from the fund's pension liability, but an $11.7 billion liability remains.

A settlement would free up some state-intercepted revenues for the city while sending some overdue contributions to the funds.

NFMA has given awards every year since 1984 to recognize those who have contributed to its goals for the advancement of the municipal bond industry.

The Securities and Exchange Committee said its Investor Advisory Committee might made a recommendation related to enhanced municipal and corporate bond disclosure.

Scott Evans, chief investment officer of New York City’s $194 billion of pension funds, will step down at the end of the fiscal year June 29.

Harvey, Illinois, bondholders continue to get the city's home-rule taxes, but lose the city's share of state taxes.

A long-term plan provides a dynamic tool to help preserve assets and identify funding gaps and potential income shortfalls.

S&P Global Ratings said the Bluegrass state has become more vulnerable to fiscal stress.