Word: pensioned
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...officials from Beijing descended on the city last week?and they were bringing heat of their own. Investigating what state media have dubbed Shanghai's biggest financial scandal in years, the Beijing audit team is probing allegations by the central government that the city's already undercapitalized $1.25 billion pension fund may have been used to illegally finance various business deals and speculative real estate projects. Among those hit by accusations of bribery or improper loans are Zhu Junyi, the pension fund's supervisor and a member of China's parliament; Zhang Rongkun, one of the nation's richest...
Quants have been on Wall Street since the 1970s and have been popular with institutional investors like pension funds since the tech bubble burst in 2000. In the past few years, the run-of-the-mill investing public has started to catch on while fund companies like Vanguard, Janus and Charles Schwab have beefed up quant offerings...
...most important, demand from investors has skyrocketed, especially from pension funds, which means you might be invested in a buyout fund and not even know it. The long-term outlooks and multibillion-dollar purses of institutional investors have always made them a match for buyout funds, which lock up money for five to 10 years, promising a high return in exchange. These days, there's even more interest because "alternative investments," which also include hedge funds, are all the rage. Pension funds that used to invest, say, 2% of assets in those vehicles now go up to 10%, and smaller...
Once Ailes and her staff have gone through the 80,000 pension applications, they will research the genealogies of the black patriots they find to a point where families today should be able to recognize an ancestor of theirs...
Through the pension and census records, “there [are] some really fascinating stories that these men have to tell,” she said...