US - Fund managers look set to benefit as the US Senate passed legislation that would allow the $20bn Railroad Retirement System (RRS) to invest in equities and non-US treasury bonds for the first time in its 65-year history.
The Bill, which passed the Senate by a 90-9 vote majority, would enable the fund to invest up to $15.6bn of its assets in equities and other fixed income investments. It would also provide both rai...
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