The National Pension Commission (PenCom) is considering diversification of pension assets investments to alternative asset classes such as private equity...
“City and state officials have said we are not going to be able to backfill everything,” said Ana Champeny, vice president for research at the Citizens Budget Commission. “If you can’t backfill everything, how do you decide what you do backfill?”During budget negotiations, the City Council added $40.6 million in new mental health investments. Some of that funding was allocated directly to programs slated for federal cuts. For example, the council allocated $5 million in discretionary funding to the 988 suicide crisis hotline for LGBTQ+ New Yorkers after the federal...
But at a time when university endowments are under fire like never before, MIT’s big bet on its backyard feels just a bit more like a gamble than it used to.After years of seemingly limitless growth, the value of office and lab buildings in Cambridge has stalled. Citywide, rents are falling. Vacancy rates are high. Cuts to federal research funding threaten the next generation of startups.Yes, blue-chip companies still line up to rent space next door to one of the world’s preeminent research universities — and MIT’s buildings remain mostly...