Hedge fund exodus for IL? – Video – CNBC
Marc Levine, Illinois State Board of Investment chairman, discusses why he decided to pull money from hedge funds, in the wake of Bill Ackman exiting out of Valeant.
Marc Levine, Illinois State Board of Investment chairman, discusses why he decided to pull money from hedge funds, in the wake of Bill Ackman exiting out of Valeant.
While Democrats blamed the governor and Republicans for the “Grand Bargain” going off the rails over the past couple of weeks, one Democrat Senator acknowledged the package isn’t even done yet.
“If you have a certain amount of capital investment you can make every year, you’re going to make it where you can get the best return on investment, and for a number of reasons Illinois is not that investment attractor right now.”

By: Mark Glennon* You might remember when the capitol lights almost were shut off a couple years ago because the bill wasn’t getting paid. That was avoided but, figuratively, the lights are off. Consider what the story of House Bill 2584 says about how our General Assembly works. The bill would give a massive windfall to existing bondholders that they didn’t bargain for. But the real story is about how such a bad bill could get as far as it has, unquestioned, and what that shows about how Illinois operates. The bill would retroactively slap a blanket mortgage on all
The Republican plan to move past Obamacare could see the biggest change to Medicaid in 50 years. And that’s precisely what scares leaders at the Illinois capitol.
Cullinan’s Stadium Club and Beverly Records sit next door to each other in the Chicago neighborhood of Morgan Park. The owners of the two businesses have been friendly since Dan Cullinan opened his bar and grill in 1989. But even Dan couldn’t imagine how John Dreznes of Beverly Records would rush in to help when Cullinan’s Stadium Club ran into financial trouble in late 2016.
Participants in a La Grange rally supporting Cook County’s new laws imposing a minimum wage hike and paid sick time law are calling the event a victory because the Village Board will not seek to opt out of the laws.
An investigation by Project Six into Retrofit One shows how major parts of city-owned buildings were used as collateral for a private loan to fund the project. Project Six’s investigation also found millions of tax dollars being wasted on labor and overhead costs for work that easily could have been done by existing city maintenance employees.
“The recent Budget Address could be best summarized as: Um, I dunno.”
Zachary Fardon may no longer be Chicago’s top federal law enforcement officer, but on his way out the door Monday he left Chicago officials with a detailed look at the violence that he said left many in his office with a “sense of frustration and despair.” Comment: No, the cause is having children before you have a committed partner and the financial means to raise a child.
Paul Miller, executive director and president of the Haym Salomon Center in Northbrook, lambasted the media in general for not taking issue with Schakowsky, who was appearing at an anti-travel ban rally in Chicago when the picture was taken.
There were 62 condominiums listed for sale in the Trump International Hotel & Tower at 401 N. Wabash Ave. as of Friday afternoon. Take away the 14 listed “hotel-condos” likely owned by investors, and the tower still has double or triple the number of active listings of any other comparable condo building in Downtown Chicago.
Thrive Chicago says its new “reconnected” plan is aimed at both helping 10,000 people aged 16-24 who are neither in school nor at work, some of them potentially in trouble with the law, and improving on the help they get.
By actuary Mary Pat Campbell.
“We know this will be difficult for many of you, who put your students first, but please consider the powerful message it will send, highlighting to the world how much we do for our students on a voluntary basis,” union leaders wrote to teachers.

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