BondLink Takes Investment From NYSE’s Parent Company
Intercontinental Exchange is putting its chips down on the startup, which helps government agencies issue bonds. The two companies are also partnering to put more data in the hands of public officials.
May 25, 2021 •
(Shutterstock) The company that runs the New York Stock Exchange has invested in BondLink, a startup that helps government agencies sell bonds.
Intercontinental Exchange (ICE) called it a “strategic investment” that comes with a partnership: ICE offers market data to help investors, which BondLink will give to its customer agencies to aid them in preparing bonds. The data includes interest rate yield curves, changes in bond evaluations and secondary market trading activity.
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F.B.I. Asking Questions After a Pension Fund Aimed High and Fell Short
The Pennsylvania teachers’ retirement fund put more than half its assets into risky alternative investments. The math didn’t work out, spurring an investigation.
An oil field in Iraq’s Kurdistan region. One of the Pennsylvania teachers’ fund investments was in an entity set up by the commodities giant Glencore to make oil-backed loans to Kurdistan.Credit.Azad Lashkari/Reuters
May 11, 2021
The search for high returns takes many pension funds far and wide, but the Pennsylvania teachers’ fund went farther than most. It invested in trailer park chains, pistachio farms, pay phone systems for prison inmates and, in a particularly bizarre twist, loans to Kurds trying to carve out their own homeland in northern Iraq.