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Article: MEETING FEATURES RESPONSIBILITY OF PUBLIC PENSION FUNDS IN STIMULATING ECONOMIC DEVELOPMENT, URBAN REVITALIZATION
- Article from:
- US Fed News Service, Including US State News
- Article date:
- December 6, 2006
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The Massachusetts State Treasurer issued the following news release:
A regional roundtable held today at the Federal Reserve Bank of Boston explored ways public pension funds can invest responsibly in stimulating economic development and urban revitalization. Co-sponsored by the Federal Reserve Bank, the Labor and Worklife Program (LWP) at Harvard Law School, and the office of Massachusetts State Treasurer Timothy P. Cahill, the meeting featured research on the topic of locally targeted investing and offered pension funds, community groups, and others an opportunity to share their experiences in this area.
"The primary interest of public pension funds is their fiduciary responsibility," ...