By Jeremy Blackman, Staff writer Updated 2:19 pm CST, Thursday, March 7, 2019 Photo: Mark Mulligan, Staff Photographer Texas’ School Land Board controls how $10 billion of the state’s $44 billion Permanent School Fund is invested. From right to left are board member Gilbert Burciaga, chairman George P. Bush, board member Scott Rohrman, and staffers Mark Havens, deputy land commissioner and Jeff Gordon, general counsel. Texas’ School Land Board controls how $10 billion of the... A new Houston Chronicle investigation, "Broken Trust," reveals that the Texas Permanent School Fund – at $44 billion, the country's largest education endowment – should be billions larger than it is. Politically connected investment managers are collecting soaring fees while returns lag behind other comparable funds. Read the investigation on our subscriber site, HoustonChronicle.com. *** Austin … [Read more...] about New bill: Lawmakers could take away School Land Board’s ability to invest the Permanent School Fund
Best closed end funds 2017
Wednesday newsletters always feature a hotel or flight review. I recently enjoyed a sublime holiday in the amazingly beautiful country of Rwanda. You can read my trip reports here: Review: KLM A330 (new) Business Class from Amsterdam to Rwanda Review: Kigali Serena Hotel Review: Bisate Lodge by Wilderness Safaris, Volcanoes National Park Review: Gorilla trekking in Volcanoes National Park (today) Review: One&Only Nyungwe House (Nyungwe National Park) Review: Ruzizi Tented Lodge (Akagera National Park) Review: KLM A330 (new) Business Class from Rwanda to Amsterdam (via Uganda) Today (February 27, 2019): Gorilla trekking in Volcanoes National Park (Rwanda). Gorilla trekking in Rwanda is often described as a life changing travel experience and with good reason. With only an estimated 1000 mountain gorillas left in the world, to observe these gentle giants in their natural habitat ranks among the most epic wildlife holidays in the … [Read more...] about Review: gorilla trekking in Rwanda, my best travel experience ever!
St Nicholas House Prep School, North Walsham. The company behind the school has gone into liquidation after the school closed in December. Picture: ARCHANT Archant Norfolk 2014 A north Norfolk school has lost its battle for survival after running into financial difficulties. Parents of pupils at St Nicholas House Prep School in North Walsham said they were “deeply saddened” to hear the news that it could close without a “significant investment” to help keep it running.But its push for funding was unsuccessful and the school closed its doors at the end of the autumn term in December.On Tuesday a notice appeared on public record site The Gazette to say the company behind the school, St Nicholas House Prep School Limited, had gone into liquidation.Insolvency practitioners from Price Bailey were appointed on January 28 to manage the voluntary liquidation.The school’s directors are Andrew Dewing, of agricultural firm Dewing Grain, and his wife Tessa, director … [Read more...] about School loses fight for survival after failing to find emergency funding
Stan Choe, Ap Business Writer Updated 8:06 am PST, Tuesday, January 22, 2019 FILE- In this May 20, 2008, file photo John Bogle listens during an interview at The Associated Press in New York. The surge in popularity for index funds is a product of their lower fees, better performance and the preaching of Bogle, the founder of Vanguard Group, which launched the first index mutual fund for individual investors in 1976. Bogle died Wednesday, Jan. 16, 2019, at 89 after pushing for years to keep costs down and widen access to index funds. less FILE- In this May 20, 2008, file photo John Bogle listens during an interview at The Associated Press in New York. The surge in popularity for index funds is a product of their lower fees, better performance ... more Photo: MARK LENNIHAN, AP Photo: MARK LENNIHAN, … [Read more...] about 40 years after his “folly,” Bogle’s index funds reign
Viet Nam News HÀ NỘI — Over the past year, most investment funds in Việt Nam’s equity market have seen negative growth in net asset value per share (NAVPS) due to the poor performance of the market indices. NAVPS is an expression for net asset value that represents the value per share of a mutual fund, exchange-traded fund (ETF) or a closed-end fund. It is calculated by dividing the total net asset value of the fund or company by the number of shares outstanding. NAVPS is also referred to as the book value per share. This year, the stock market witnessed the choppiest year since the 2008 global financial crisis. The VN-Index declined for the first time after five consecutive years of rallying in parallel with the growth momentum of the economy. It achieved a record high gain of 47 per cent in 2017. The VN-Index, Viet Nam’s benchmark stock index, set an all-time peak of 1,211 points on April 10, but then suffered a sharp decline of 27 per cent, to … [Read more...] about Funds suffer losses on poor market performance