Elections

Global firms see promise with Japan

INVESTING -

INVESTING -

Money managers around the globe are upping exposure to Japanese equities following strong earnings growth and the outcome of recent elections.
Private endowments may get 1.4% levy on earnings
Within the Republicans' 1,000+ page tax plan is a proposed 1.4% tax on private endowment investment earnings.
Former Goldman Sachs exec wins N.J. gubernatorial election, pledges to fully fund pension plan

Elections -

Elections -

Phil Murphy, a former Goldman Sachs executive, was elected governor of New Jersey on Tuesday.
Asset managers set to benefit from tax proposal
With Congress looking to overhaul the U.S. tax code, a decrease of the corporate tax rate to 20% from 35% is among the more notable provisions.
U.S. corporate tax rates could align with Europe
The corporate tax rate in the U.S. has historically been higher than its international counterparts.