Corporate pension funded ratio holds steady at 97.3% in September

[ad_1] A rise in discount rates during September countered a 1.68% investment loss for corporate pensions Tweet this “September’s investment losses interrupted five consecutive months of asset gains for corporate pensions, dampening an otherwise strong third quarter,” said Zorast Wadia, author of the Milliman 100 PFI. “Meanwhile discount rates have been headed in the right … Read more

Whimsical NYC waterfront park funded by Barry Diller opens

The new park, called Little Island, was built with $260 million from the foundation of Diller. AP Photo NEW YORK: A whimsical new park that appears to float on pilings above the Hudson River opened to the public just off the Manhattan shoreline Friday, four years after a fight between media mogul Barry Diller and … Read more