The Braun administration has directed agencies to withhold 5% of their funds from specific budget line items — rather than allowing department heads to identify areas for reserves. This is in addition to appropriation cuts already enacted in the state budget passed in April. In previous years, the Office of Budget and Management traditionally directed
Japanese pension funds are seeking to bolster returns in a volatile market by doing something many of them have never done before: appoint chief investment officers. One of those funds, the Organization for Small & Medium Enterprises and Regional Innovation Japan, an agency that promotes smaller firms, established in April a position that’s equivalent to
It appears that enough time has passed since 2022’s disastrous run for hedge-fund backers to finally trust long-short equity managers again. Last quarter, stockpicking hedge funds raised a net total of $22.8 billion — the most of any strategy subset — in their first quarter without net outflows since 2022, according to a new report
(Photo by iStock/BlackJack3D) There are 40,000 families globally with $100 million or more in wealth. These families could play a catalytic role in a 21st-century renaissance, in the same way that wealthy Italian families supported the Italian Renaissance. More recently, the Rockefeller Foundation supported the Green Revolution and the emergence of molecular biology as a
“This decline can largely be attributed to heavy redemptions in the Liquid and Overnight Fund categories, which saw net outflows of over ₹48,325 crore. These categories typically see high institutional flows and are more sensitive to short-term liquidity needs and treasury management decisions,” said Nehal Meshram, senior analyst–manager research, Morningstar Investment Research India. However, other
Open-ended debt mutual funds saw net outflows of ₹15,908 crore in May 2025, reversing the strong inflows of ₹2.19 lakh crore recorded in April. The pullback was mainly driven by significant redemptions in the liquid and overnight fund categories. According to AMFI data, liquid funds alone saw net outflows of ₹39,725 crore, while overnight funds
Editor’s note: The following is a monthly column provided to us courtesy of the Rutland City TIF Task Force. The cost of living in Vermont continues to rise, especially in communities with greater affordability challenges but with fewer resources to invest in major infrastructure projects necessary to address those needs. A recent bill that passed
Lawmakers removed a measure that would have diverted $93 million in funding from counties to the Met Council from the transportation funding bill Monday during the Legislature’s special session. Under 2023 legislation metro area counties have received 17% of funds derived from a three-fourth cent regional transportation sales tax, with the remaining 83% going to
SELAH — In the past few years, Brian Harris has spent some hot, and windy, and rainy days temporarily living in a large dog kennel outside his business, Brian Harris Used Cars. But nothing has stopped him from this fundraiser in memory of his daughter, Emily Harris. He stepped into the chain-link kennel on Sunday
(Texas Scorecard) – Millions in private donations are expected to cover a new Houston Police Department training center that will offer officers state-of-the-art preparation tools. Construction crews are preparing to break ground on a new Houston Police Department training facility designed to bolster both recruitment and year-round officer readiness. The state-of-the-art complex, located near George Bush Intercontinental