September 01, 2020
July / August 2020
Is the Fourth Time A Charm?
Following the 2020 regular session and three special sessions, the state remains in a holding pattern with respect to a tax bill, a bonding bill, and budget repair. With November elections looming and the clock ticking on the 91st Minnesota Legislature, legislative action – or lack thereof – in the next special session will have a lot to say about the state’s fiscal and political future.
Banking on “A Superior Form of Capitalism”
For over two decades Minnesota public pensions plans’ investments in private equity have delivered the outsized investment returns needed to meet Minnesota’s defined benefit plans’ high return expectations. In today’s persistent low interest rate environment, the demand for private equity is greater than ever. But all is not well in Camelot.