Arizona State Retirement System intends to invest $2.7bn (€2.4bn) in real estate over next the four years to enable it to reach its 20% allocation target. In a board meeting document, the $38bn US pension fund’s consultant RCLCO Real Estate Advisors said part of the plan would involve the selling ... Read More »
It wasn’t quite Wembley Arena and his guitar was off at times, but Raghav Prabhu finally lived his dream before an appreciative audience of 50-odd neighbours at their senior housing campus last month. Now he’s thinking of starting a band. Growing up in the 1960s, Prabhu, a Beatles fan, deepfroze ... Read More »
A new U.S. rule aimed at protecting retirement savers from profit-hungry brokers turned out to be much weaker than an initial proposal after the Obama administration bowed to pressure from the financial services industry. The rule, announced by the Department of Labor on Wednesday, sets a so-called fiduciary standard for ... Read More »
