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Disney’s Boardroom Battle: Small Shareholders vs. Hedge Funds

Orlando, Florida – The battle over the control of Disney’s board of directors continues to intensify as small shareholders and hedge funds clash in a struggle for influence. As T. Rowe Price throws its support behind Disney’s current directors, led by CEO Bob Chapek, the tension escalates with Nelson Peltz, an activist investor seeking change within the company. Peltz, known for his aggressive approach in corporate battles, has been pushing for a more significant role …

Pension Victory: Orissa HC Orders Kendrapada District Collector to Release Funds for 91-Year-Old Widow

CUTTACK, India – The Orissa High Court has intervened to ensure the timely disbursal of family pension to a 91-year-old woman in Kendrapada district, whose husband passed away 46 years ago. The court’s directive comes after months of delays in providing the pension to Hara Sahoo, whose husband, a school teacher, died in 1977. Despite multiple pleas and rejections from authorities over the years, the elderly woman has been fighting for her entitlement to family …

Bill to Ban Public Funds for Gender-Affirming Care Faces Vote in Idaho Legislature

Boise, Idaho – Idaho lawmakers are gearing up to vote on a contentious bill this week that would prohibit the use of any public funds for gender-affirming care, encompassing services for state employees utilizing workplace health insurance and for adults under Medicaid coverage. The proposed legislation garnered the approval of the House and awaits a majority Republican Senate green light before heading to Governor Brad Little’s desk for anticipated endorsement. Governor Little has consistently voiced …

Pension Funds in Japan Face Urgent Call for Professionalisation

Tokyo, Japan – Corporate pension funds in Japan are facing a professionalization push as executives and CIOs lack the necessary investment experience. In a culture that values generalists over specialists, individuals are often promoted internally within corporations, leading to a gap in investment capabilities. According to Keiichi Aritomo from FinCity.Tokyo, the lack of investment expertise among corporate pension fund executives is a common issue. He emphasizes the importance of recruiting individuals with the right skill …

Bankruptcy Blues: Texas Pension Fund’s Regional Bank Gambles Backfire

Dallas, Texas – A Texas pension fund’s investments in regional banks have taken a turn for the worse, resulting in significant losses. The fund’s decision to bet on these banks has led to financial setbacks, raising concerns about its future stability. The Texas pension fund, known for its aggressive investment strategies, placed substantial bets on regional banks in recent years. However, the performance of these banks has fallen short of expectations, causing the fund to …

Seniors to Receive March Social Security Payments This Week, Including Extra Funds

Los Angeles, California – Millions of American seniors rely on Social Security payments from the Social Security Administration (SSA) to support themselves in retirement, totaling around $1.5 trillion in benefits distributed annually. As the second round of payments is set to resume this week, starting March 13th, seniors across the country eagerly await their much-needed funds. According to recent data from the SSA, retired workers receive the majority of these benefits, with approximately $95.5 billion …

Pension Funds Urged to Boost Canadian Investments to Support TSX Future

Toronto, Canada – A veteran wealth management executive in Canada is urging the country’s largest pension plans to increase their domestic investments to protect institutions like the Toronto Stock Exchange. Peter Letko of Letko Brosseau highlighted the impact of low investment levels from Canadian pension funds on the nation’s economic and financial health in a recent interview. Letko emphasized the importance of controlling and directing capital to benefit Canadians as a whole to prevent the …

BILL BANNING PUBLIC FUNDS FOR GENDER-AFFIRMING CARE ADVANCES IN IDAHO HOUSE

BOISE, Idaho – A bill aiming to prohibit the use of public funds for gender-affirming medications and surgeries for adults and children in Idaho has advanced to the Idaho House floor. House Bill 668 specifically targets the coverage of gender-affirming care by public funds, referencing definitions outlined in Idaho’s existing ban on such treatments for minors. The proposed ban would impact Idaho’s Medicaid program, which provides coverage for approximately 300,000 low-income and disabled individuals in …

Miners’ Strike Campaigners Fight £4.2bn Raid on Pension Funds with No Government Action in Sight

London, UK – Former miners in the UK are facing dire financial circumstances as campaigners reveal that billions of pounds have been extracted from their pension funds by the government. On the 40th anniversary of the miners’ strikes, the National Mineworkers Pension Campaign condemns the government’s withdrawal of £4.2 billion from the Mineworkers’ Pension Scheme, leaving many ex-miners in poverty. The campaign alleges that former Prime Minister Boris Johnson deceived the public in 2019 by …

Indian Government Bond Spreads Tighten, SBI Pension Funds Eyes Corporate Debt Opportunities

Mumbai, India – SBI Pension Funds Pvt. is considering diversifying its investments as the spreads on longer-maturity Indian government bonds continue to tighten. The company’s chief investment officer has expressed interest in exploring opportunities in corporate and state debt markets in response to this trend. With the narrowing spreads on longer-maturity Indian government bonds, SBI Pension Funds Pvt. is evaluating the potential for better returns in corporate and state debt securities. The chief investment officer …