Glenwood Springs City Council voted to approve a ballot question that would renew and raise the city’s street tax during Thursday’s regular session. The question, which will appear before voters in the November election, would determine the fate of the city’s infrastructure fund. The resolution to set the ballot language passed 6-1, with Councilor Jonathan
In July, the Third Circuit upheld a District of New Jersey decision to throw out a withdrawal liability assessment, finding the multiemployer pension fund was barred from pursuing its claim because the fund unreasonably delayed notification of a withdrawal liability assessment for 12 years. Withdrawal Liability Assessments Under ERISA The Employee Retirement Income Security Act
What You Need to Know Mistimed buying and selling of fund shares drove the lag, a study found. Fund volatility also played a role. The performance gap occurred every year over a decade. Advisors looking to persuade clients to avoid trying to time the market might point them to a new Morningstar report estimating that
In a recent transaction, Saba Capital Management, L.P., a significant shareholder, has purchased additional shares of Pioneer Municipal High Income Advantage Fund, Inc. (NYSE:MAV). The transaction involved the acquisition of 616 shares at a price of $8.69 per share, amounting to a total investment of $5,353. This latest purchase by Saba Capital Management demonstrates their
Tommy Elliott was a gifted storyteller, friends and family say. Now, the foundation bearing his name is working to help Louisville nonprofits find their voice. The Tommy Elliott Fund for Community Leadership, named after the longtime Old National Bank executive killed in a mass shooting downtown last year, is partnering with the Leadership Louisville Center
Cortland has held a close for its Cortland Enhanced Value Fund (CEVF) VI, L.P. and its affiliated entities, securing $1.5 billion in commitments, exceeding its $1.0 billion target. The latest in Cortland’s value-add, multi-family private equity fund series, Fund VI was oversubscribed with upsized support from legacy fund investors, combined with significant commitments from new
Japan’s Government Pension Investment Fund reported a 3.65% return in its fiscal year’s first quarter, which ended June 30, fueled by foreign equities and bonds, that raised the pension giant’s asset value to $1.73 trillion. The gains were down from 9.52% the previous quarter and 9.49% during the year-ago period. With the performance, which added
Performance data quoted represents past performance, which does not guarantee future results. Current performance may be lower or higher than the figures shown. Principal value and investment returns will fluctuate, and investors’ shares, when redeemed, may be worth more or less than the original cost. Performance would have been lower if fees had not been
JACKSON, Mich. (WILX) – The City of Jackson will receive a third round of grant funding to revitalize the MLK Corridor. The $250,000 grant is for Jackson’s entrepreneurial and real estate fund. The fund aims to stimulate business development throughout the corridor. With this new round of funding, businesses that apply will receive $50,000. They
The number of funds is the same but European ones cover multiple universities — and the US still creates more university spinouts. More than 40% of Europe’s top universities have a venture fund to invest in their spinouts — including the University of Oxford which boasts the world’s largest university venture fund with more than