Vermont Pension Fund Committee Seeks Economically Targeted Investments

first_imgMONTPELIER, Vt.-Vermont State Treasurer Jeb Spaulding announced today that the Vermont Pension Investment Committee has issued a request for proposals soliciting investment opportunities intended to support economic and community development in Vermont. This is the second year that VPIC has requested such proposals, after adopting a policy on economically targeted investments in 2006. VPIC oversees more than $3 billion in retirement funds for Vermont teachers, state employees, and municipal employees.According to Spaulding, this initiative is unrelated to the recent debate in the Legislature regarding a proposal by Governor Jim Douglas to require that Vermont’s pension fund managers buy Vermont Housing Finance Agency bonds. The 2006 economically targeted investment policy passed by VPIC requires an annual request for proposals.”VPIC agreed a year and a half ago that, to the extent it can support economic and community development in Vermont without sacrificing investment performance, it makes sense to do so,” said Spaulding. “The proposal to require VPIC to buy the bonds, regardless of whether or not they thought it passed muster from an investment perspective, was rejected. However, I’m hopeful that the VHFA will submit a proposal. If the anticipated returns are appropriate, I am confident VPIC will seriously consider an investment in VHFA bonds.”Economically targeted investments are intended to generate market rate returns, while providing collateral benefits that enhance quality of life and promote economic activity in a targeted area in this case Vermont. Types of investment opportunities that may be appropriate for pension fund investments could include affordable housing, energy efficiency, venture capital, or timber.”VPIC trustees take seriously their responsibility to protect the retirement security of workers and retirees. In that regard, this initiative does not reduce their obligation. The economic or social benefits of a proposal will not justify lower returns or inappropriate levels of risk,” Spaulding explained. “We don’t want to limit the field of investment possibilities, and are hopeful that creative minds will look at our policy and submit innovative proposals that meet our criteria.”Last year, the Vermont Pension Investment Committee agreed to invest up to $2 million in Green Asset Partners, contingent upon certain conditions being met. Green Asset Partners proposes to provide an innovative real estate product which leverages conservation dollars and enhances land protection while striving to meet or exceed the annualized average return for private real assets.Proposals must be submitted to the State Treasurer’s Office by June 25, 2008, at 2 p.m. In order to be considered, proposals must, at a minimum:·Target risk-adjusted, market-rate returns equivalent to or higher than other available investments in a similar asset class;·Provide a substantial, direct, and measurable benefit to economic or community development within the State of Vermont; and·Be managed by an experienced and capable manager in an applicable asset class; no direct investments will be considered.Parties interested in receiving more information on the program should go to the State Treasurer’s web site at www.VermontTreasurer.gov(link is external) or call (802) 828-5197.last_img read more

On-loan Barcelona midfielder tests positive for COVID-19

first_img Loading… That’s according to Mundo Deportivo, who claim that the 21 year old was one of the La Liga players who was found to be carrying the virus, and has been isolated away from his teammates.Oscar Plano, another Valladolid player, is also said to have the illness.It’s the latest bit of bad news for Matheus, who signed for Barcelona in January and was immediately loaned to their fellow La Liga side to starting picking up some minutes.However his late January arrival plus the timing of the coronavirus crisis has meant he’s not had the chance to play yet. He will likely stay on loan for another year while the Catalan club study how to free up another non-EU player slot.Read Also: Messi donates €500k towards the fight against COVID-19It’s been a tough few months for him following his dream move to the European leagues, but it will all hopefully get easier from here.For now, we wish him a speedy recovery from his illness.FacebookTwitterWhatsAppEmail分享 Matheus Fernandes, the recently signed Barcelona midfielder on loan at Valladolid, has tested positive for coronavirus.Advertisementcenter_img Promoted ContentIs This The Most Delicious Food In The World?9 Facts You Should Know Before Getting A Tattoo5 Of The World’s Most Unique Theme Parks8 Addictive And Fun Coffee FactsWhat Happens To Your Brain When You Play Too Much Video Games?7 Ways To Understand Your Girlfriend Better10 Risky Jobs Some Women DoEver Thought Of Sleeping Next To Celebs? This Guy Will Show YouTop 10 Most Romantic Nations In The World7 Reasons It’s Better To Be A Vegan10 Actors Who Are Happy With The Type Of Roles They Got Hired ForThe 10 Best Secondary Education Systems In The Worldlast_img read more

Secretary of Education discusses issues in public schools

first_imgJulia Erickson | Daily TrojanEducational review · U.S. Secretary of Education John B. King Jr. held a roundtable discussion about various issues in the educational system at USC Rossier School of Education on Wednesday. afternoon.U.S. Secretary of Education John B. King Jr. visited USC’s Rossier School of Education Wednesday to discuss issues facing the nation’s education system, such as inadequate teacher preparation and lack of diversity,The roundtable discussion also included Karen Symms Gallagher, dean of the Rossier School of Education, Ted Mitchell, under secretary of education and multiple Los Angeles Unified School District teachers.The roundtable began with panelists pointing out holes in a federal education bill passed by the Senate on Dec. 9 2015, which gave significant power to states and local districts. While the legislation’s goal was to increase innovation by allowing the local governments to pinpoint issues within their community, many believe that state governments are still not doing enough. For example, King explained that the teachers are often not adequately prepared for the challenges associated with diverse classrooms.“Historically, information collected with teacher preparation programs has been at a surface level,” King said. “We haven’t necessarily gotten the information that teacher preparation programs need for continuous improvement.” Several teachers explained that the main difficulties stem from a broken system of supply and demand. Educators often want to teach in “easier,” or more appealing settings, as they do not have a strong support system or safety net after completing training. As a result, public school systems end up lacking teachers willing to teach STEM and higher-level courses, and have an overabundance of teachers willing to teach first through fifth grade. Teachers are also less willing to teach in low-income neighborhoods, leading to a deficit of teachers in areas like downtown Los Angeles. “We have significant equity gaps around access to effective teachers,” King said. “Too often, it’s our low income students and students of color, our English learners who have the least access to effective teachers even though they need that the most.”Mitchell said that the Department of Education planned this trip to Los Angeles because California is the most populated state in the country, and he hopes that understanding California’s educational system will help the federal government be more responsive to educational needs in different states.“We are in California because one in 10 teachers in America teach in the state of the California, so getting it right is a big deal,” Mitchell said. “Not only because of the numbers, but also because America is always being invented day in and day out in the state of California, whether that’s technology, demographics or cultural expression.”Gallagher said that the Department of Education hopes to further use technology to collect data that will support teachers. She emphasized that data is important because it starts conversations, and when it is sent back to states, governmental organizations are able to be more responsive to state educational needs. “We need to have principals. We need to have current teachers working with us so that we get feedback on our students and graduates,” Gallagher said. “And that’s where the data piece is so important. LAUSD and USC have data about the effectiveness of our graduates, and we know what they see we need to do more. Data is a way to start that conversation.”last_img read more