Desert Hot Springs on Tuesday announced that it would run out of money in March due to higher-than-expected salary and pension costs. It said that it could join other California cities that filed for bankruptcy last year.
Tags: California Public Employees' Retirement System
Calpers and Calstrs oppose amendment in Bylaws at Bank of America to combine CEO, chairman role
Two giant public pension funds joined forces to oppose corporate bylaw changes at the Bank of America Corp that would make Brian Moynihan both chief executive and chairman.
Returns on US Public Pensions drop to worst since 2012
The US State and Local government pension funds registered worst performance since 2012 following the bleak performance in global stock markets and bonds.
Blackstone chases Buffett with 'core' private equity
Blackstone Group LP has reached out to its biggest fund investors about investing in a new investment vehicle with a longer investment horizon than the typical 10-year private equity fund, according to people familiar with the matter
Infrastructure investors line up for Indiana toll road
Some of the world's largest pension funds and infrastructure investors are forming consortia to bid for the operator of an Indiana toll road that filed for bankruptcy last month, according to people familiar with the matter.
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Vista Equity partners reached its USD1.1 billion target for its second Foundation Fund. Vista Equity Partners closed USD1. 1 billion for its second Foundation Fund for small and mid-cap software entities.
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