Wealth management

A $430 million collaborative transaction featured the university, two asset management firms, and the New Jersey Educational Facilities Authority.

Massive market returns coupled with rising contribution rates, led by worst-funded states like Illinois and New Jersey, boosted state retirement systems.

Melissa Norcia, appointed Tuesday, will begin her new duties on Sept. 15.

As the market prepares for a smaller primary calendar in the holiday-shortened week, fund flows again are worth exploring as a strong demand component for 2021.

The Bond Buyer is seeking industry-wide input on environmental, social and governance factors in the public finance space.

Most recently, he was a principal investment officer and head of global equity at the Los Angeles County Employees Retirement Association, or LACERA.

Illinois' single-employer pension plans are straining the budgets and ratings of those local governments without the tax base, flexiblity, and fiscal discipline to tackle rising costs, S&P says in a special report.

Perform, a portfolio management platform for institutional investors who want to accesses the municipal bond market, will be integrated into ICE Bonds.

Chicago's net pension liabilities increased by $1.1 billion in 2020 to almost $33 billion.

PFM Asset Management will continue to operate as a separate entity. The deal does not affect PFM’s financial advisory business which will continue to operate independently.

How the pandemic is accelerating trends in financial advice and changing the way Americans manage their money.

Monday’s announcement came at the halfway mark of fiscal 2021 after only one other priority -- arbitrage violations -- had been announced since the Oct. 1 start of the federal fiscal year.

The change represents a doubling of related investments, Mayor Bill de Blasio and Comptroller Scott Stringer announced.

Paul Gray, co-founder of IronHold Capital, links the unfunded liability problem to bad public policy decisions and bad hedge-fund actors. Paul Burton hosts (13 minutes).

The next phase of pension risk analysis will be different and more challenging: Assessing the long-term impacts of individual jurisdictions’ choices in the context of their unique workforce demographics, benefits and salary structure, and pension funding status.

The broker-dealer found a way to give clients a virtual pat on the back while donating money to hunger relief efforts.

Illinois' pension crater reaches more than $300 billion under Moody's formula.

California teachers cited the risk of exposure to COVID-19 and the challenges of remote teaching as reasons for retiring early.

This year's pension debt volume could match that of 2020, which was the highest since the financial crisis year of 2008, industry leaders say.

With interest rates at historic lows and stock market returns at record highs, Tucson sees a ripe opportunity to issue pension debt.