News Formal

Permanent Fund board discusses investment referrals after concerns with vice-chair

  • 📰 adndotcom
  • ⏱ Reading Time:
  • 37 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 18%
  • Publisher: 63%

Singapore News News

Singapore Singapore Latest News,Singapore Singapore Headlines

The board didn’t make any final decisions on Monday, but members discussed how investment referrals could be better managed.

The Alaska Permanent Fund Corporation offices in downtown Juneau, photographed on Monday, Nov. 14, 2022.

Board members, and the fund’s three-member investment advisory group, said on Monday that there was a need to reestablish public trust in the Permanent Fund. The fund’s Chief Investment Officer, Marcus Frampton, raised concerns about conflicts of interest in the leaked emails that involve Rubenstein, co-founder of the Manna Tree Partners private equity firm and daughter of David Rubenstein, who is co-founder of the Carlyle Group, one of the world’s largest private equity funds.

Board members asked a series of hypotheticals. Rubenstein said there was a nine-month period when the fund did not have a head of private equity and Frampton filled in. She asked what should happen then with investment referrals.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 293. in SG
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Singapore Singapore Latest News, Singapore Singapore Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

EDITORIAL: Permanent Fund should divest from a bad investment betOnce again, Alaska Permanent Fund Corp. trustee Gabrielle Rubenstein is making headlines for all the wrong reasons.
Source: adndotcom - 🏆 293. / 63 Read more »