Updated January 22 at 6:26pm
Investing
337 results total, viewing 21 - 30
The British vote to exit – or Brexit – the European Union last month roiled public pension systems, as uncertainty in the international marketplace sent investors scurrying for less-volatile asset classes. Seth Magaziner, Rhode Island’s general treasurer, oversees the state’s $7.5 billion public pension system. He talks with Providence Business News about Brexit, pension performance through the fiscal year that ended June 30 and the effectiveness of its current asset allocation and assumed rate of return. more
Sean McGarry is vice president and retirement plan service manager at Rockland Trust. He talks with Providence Business News about the recent U.S. Department of Labor ruling on the “conflict of interest” regulation, which is designed to protect investors from hidden fees in retirement-investment advice. McGarry breaks down the regulation and how it could affect clients and financial advisers.v more
(Updated 11:43 a.m. to reflect corrected information) The state pension investment fund lost approximately $471 million in fiscal 2016, marking a 5.9 percent reduction to $7.5 billion compared with fiscal 2015. more
Employee health and well-being is a critical challenge for American companies. We know that poor employee health and well-being is a primary factor in the spiraling cost of health insurance. Add absenteeism, "presenteeism," lack of engagement and … more
(Updated 11:26 a.m.) Acushnet Holdings Corp., the maker of Titleist golf balls and clubs and FootJoy shoes and performance clothing, aims to raise up to $464 million through an initial public offering. more
Stefan Pryor has reached his second anniversary as Rhode Island's first commerce secretary, a role that puts him at the intersection of job creation, business and housing development. more
(Updated, 4:48 p.m.) Pointing to the currency crisis in Europe and China’s economic slowdown, Rhode Island’s general treasurer says volatility in the financial markets contributed to the 0.28 percent loss on the state’s pension investments last year. more
Washington Trust Bancorp Inc., the parent company of The Washington Trust Co., reported a 3.9 percent decline in net income in the second quarter to $11.1 million, or 64 cents per diluted share, from $11.5 million, or 68 cents per diluted share, a year earlier. more
Johnson & Wales University has registered to start offering certified financial professional education, according to a press release. more
Bank of America Merrill Lynch recently provided a $5 million investment in new markets and historic tax credits to help the nonprofit WaterFire rehabilitate a warehouse in the Valley neighborhood. more
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