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    PFM Perspectives Podcast | Listening In: Short Duration Strategies

    James Sims discusses why you might consider low or short duration investment strategies in today's low interest environment. 

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    Municipal Market Monthly Market Review | September 2021

    Municipal Market Monthly Market Review - September 2021

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    Fixed Income Monthly Market Review | September 2021

    Fixed Income Monthly Market Review - September 2021

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    Multi-Asset Class Monthly Market Review | September 2021

    Multi-Asset Class Monthly Market Review - September 2021

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    PFM Q&A | Pulling Back the Curtain on Investing Bond Proceeds

    In the following Q&A session, Christopher Harris discusses PFM Asset Management’s strategy and views when it comes to investing bond proceeds.

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    Municipal Market Monthly Market Review | August 2021

    Municipal Market Monthly Market Review - August 2021

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    Fixed Income Monthly Market Review | August 2021

    Fixed Income Monthly Market Review - August 2021

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    Multi-Asset Class Monthly Market Review | August 2021

    Multi-Asset Class Monthly Market Review - August 2021

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    InvestEd | How Does ESG Impact Performance?

    We examine the impact of ESG on performance in the fixed income sector by evaluating the performance and risk characteristics of comparable ESG and non-ESG indices.

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    Featured Report | Equity in Capital Planning

    This resource outlines strategies and case examples (related to equity in capital planning) from across the country that can be adapted to the local context.

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    Issuer Insight | COVID-19 and the Arbitrage Rebate Requirements

    Many tax-exempt bond issuers are realizing the impact the pandemic has had on their projects, plans and budgets.

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    Special Report | What You Should Consider About Benefit Bonds

    The issue of funding an increasing pension liability is always top of mind for many trustees and state officials. 

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    Municipal Market Monthly Market Review | July 2021

    Municipal Market Monthly Market Review - July 2021

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    Fixed Income Monthly Market Review | July 2021

    Fixed Income Monthly Market Review - July 2021

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    Multi-Asset Class Monthly Market Review | July 2021

    Multi-Asset Class Monthly Market Review - July 2021

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    U.S. Bank Acquires PFM’s Asset Management Business

    U.S. Bank announced today that it has entered into a definitive agreement to purchase PFM Asset Management LLC under its subsidiary, U.S. Bancorp Asset Management

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    InvestEd | Short Duration Strategies are Worth a Look

    The current environment caused many investors to ponder ways to generate positive returns, particularly those that operate in the world of fixed-income.

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    Municipal Market Monthly Market Review | June 2021

    Municipal Market Monthly Market Review - June 2021

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    Fixed Income Monthly Market Review | June 2021

    Fixed Income Monthly Market Review - June 2021

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    Multi-Asset Class Monthly Market Review | June 2021

    Multi-Asset Class Monthly Market Review - June 2021

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    PFM Multi-Manager Funds Achieves 3-Year Track Record and Surpasses $2 Billion in AUM

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    Fixed Income Monthly Market Review | May 2021

    Fixed Income Monthly Market Review - May 2021

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    Municipal Market Monthly Market Review | May 2021

    Municipal Market Monthly Market Review - May 2021

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    Multi-Asset Class Monthly Market Review | May 2021

    Multi-Asset Class Monthly Market Review - May 2021

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    PFM Perspectives Podcast | A Conversation on the 2020 NACUBO-TIAA Survey

    The NACUBO-TIAA Survey offers a wide-ranging overview of endowment and foundation investment programs.

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    TEXPERS Returns to In-person Gatherings With Legislative Workshop

    The Texas Association of Public Employee Retirement Systems conducted a Legislative Workshop for its System Members in Austin.

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    Special Report | 2020 NACUBO-TIAA Study of Endowments Results

    Latest 2020 NACUBO-TIAA Study of Endowments (NTSE) shows improved long-term results.

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    PFM Welcomes Returning Senior Professional

    Charles “Chuck” Matthews returns to the firm after spending 10 years in investment banking. 

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    Special Report | Why Long-Term Rates are Rising as Short-Term Remain Near-Zero

    Despite the headlines about rising rates, investors in the short end of the yield curve aren’t seeing the same increase as their long-term counterparts.

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    Equitable Recovery in Practice

    Many local governments are working to address longstanding issues related to healthcare, poverty, access, policing, and criminal justice that disproportionately burden communities of color.

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    Municipal Market Monthly Market Review | April 2021

    Municipal Market Monthly Market Review - April 2021

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    Fixed Income Monthly Market Review | April 2021

    Fixed Income Monthly Market Review - April 2021

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    Multi-Asset Class Monthly Market Review | April 2021

    Multi-Asset Class Monthly Market Review - April 2021

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    InvestEd | Multi-Asset Class Minority Manager Investing

    The rise in ESG investing has driven an increased awareness of and interest in minority-owned investment firms.

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    PFM Perspectives Podcast | Treasury Management in a Changing World

    David Walters discusses how higher education institutions and their treasury departments can adapt to the new realities of a changing landscape.

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    Municipal Market Monthly Market Review | March 2021

    Municipal Market Monthly Market Review - March 2021

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    Fixed Income Monthly Market Review | March 2021

    Fixed Income Monthly Market Review - March 2021

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    Multi-Asset Class Monthly Market Review | March 2021

    Multi-Asset Class Monthly Market Review - March 2021

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    Special Report | Benefit Bonds Life Raft or Anchor

    A year after the COVID-19 pandemic placed its grip on the globe and the capital markets, the topic of benefit bonds (e.g., POBs) has become mainstream in discussions of pension plan funding.

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    PFM Perspectives Podcast | The Potential Market Impacts of Fiscal and Monetary Policies Under the Biden Administration

    James Sims discusses the new political reality and the possible market implications of the administration’s policies.

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    InvestEd | ESG Strategies and Key Considerations for Implementing an ESG Approach

    PFM works with clients to help them develop and implement ESG solutions customized to their sustainable investment objectives.

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    Healthcare Finance Newsletter

    Healthcare Finance Newsletter - February 2021

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    PFM Perspectives Podcast | Incorporating ESG Investing into Multi-Asset Class Portfolios

    PFM discusses how investors can build diversified multi-asset class portfolios that uphold ESG standards. 

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    Municipal Market Monthly Market Review | February 2021

    Municipal Market Monthly Market Review - February 2021

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    Fixed Income Monthly Market Review | February 2021

    Fixed Income Monthly Market Review - February 2021

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    Multi-Asset Class Monthly Market Review | February 2021

    Multi-Asset Class Monthly Market Review - February 2021

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    PFM Perspectives | Fiscal and Monetary Policy Considerations Under the Biden Administration

    This new political reality may significantly impact future stimulus efforts as well as fiscal and monetary policy.

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    Municipal Market Monthly Market Review | January 2021

    Municipal Market Monthly Market Review - January 2021

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    Multi-Asset Class Monthly Market Review | January 2021

    Multi-Asset Class Monthly Market Review - January 2021

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    Fixed Income Monthly Market Review | January 2021

    Fixed Income Monthly Market Review - January 2021

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    Sector in Focus | PFM’s Stable Value Diverse Manager Strategy Solution

    Diversity, equity and inclusion is increasingly discussed in the world of finance, specifically in the stable value space within which PFM operates. 

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    Municipal Market Monthly Market Review | December 2020

    Municipal Market Monthly Market Review - December 2020

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    Fixed Income Monthly Market Review | December 2020

    Fixed Income Monthly Market Review - December 2020

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    Multi-Asset Class Monthly Market Review | December 2020

    Multi-Asset Class Monthly Market Review - December 2020

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    PFM Perspectives | Post-Election Recap and Analysis

    Investing and attempting to game the implications of a particular election cycle accurately can be challenging, and 2020 has been no exception.

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    PFM InvestEd | Understanding Bank Deposits

    We explore the earnings credit rate that many banks offer to their institutional depositors.

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    Fixed Income Monthly Market Review | November 2020

    Fixed Income Monthly Market Review - November 2020

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    Municipal Market Monthly Market Review | November 2020

    Municipal Market Monthly Market Review - November 2020

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    Multi-Asset Class Monthly Market Review - November 2020

    Multi-Asset Class Monthly Market Review - November 2020

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    PFM Perspectives | An Introduction to Alternatives in Multi-Asset Class Portfolios

    Assets outside of traditional publicly-traded bonds and stocks, such as private equity and/or real assets, have come into focus.

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    InvestEd | PFM's Manager Research Process

    Manager research is an integral part of a broader portfolio management process. We explore the two aspects of manager research, which are manager selection and manager oversight.

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    Whomever Wins the Presidency, Pressing Issues are Likely to Impact Performance of U.S. Capital Market Indices

    Regardless of which candidate wins the 2020 election, the incoming president will be confronted with a litany of pressing pandemic-related, economic, social, and geopolitical challenges. 

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    PFM's Center for Justice & Safety Finance Explores the Defunding Debate

    The reality is that many of the approaches sought by the defund the police movement are completely consistent with several best practices in budgeting. 

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    PFM Q&A | PFM’s Environmental, Social, and Governance Multi-Asset Class Investment Capabilities

    Floyd Simpson and Bikram Chadha discuss our ESG multi-asset class investment capabilities and answer some frequently asked questions.

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    PFM Launches its Stable Value Diverse Manager (SVDM) Strategy

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    PFM Names Matthew Stitt as Director and National Lead for Equitable Recovery and Strategic Financial Initiatives

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    Sector in Focus | Short-Term Fixed Income in a Zero Rate Environment

    The Federal Reserve slashed interest rates to near-zero with a series of emergency rate cuts.

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    PFM Perspectives Podcast | 5-in-10: Alternative Investments

    As investors increasingly look to expand their asset allocations to help meet their investment objectives, alternatives may be a part of that conversation.

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    Risk Mitigation Opportunities: Taking Time to Re-evaluate Portfolio Strategies and Board Governance

    While investors cannot control what the Fed is doing, we can recalibrate current positioning and take a serious look at the risk within the portfolio and its governance.

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    PFM Perspectives Podcast | The State of the Asset Backed Security Market

    Dive into the asset-backed securities market to better understand the dynamics impacting fixed-income investors.

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    PFM Q&A | Recent Modifications to the Accredited Investor and Qualified Institutional Buyer Definitions

    CIO Marty Margolis discusses the change to the SEC rules that limit sales of certain private market securities.

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    PFM Perspectives Podcast | Income and Growth for an Institutional Investor

    Listen in as we discuss a hybrid approach to growth and income investment considerations for higher educational institutions

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    We Value Your Security Vol. 2 No. 2 | Don't Take the Bait

    Throughout the COVID-19 pandemic, there has been an increase in the danger and frequency of phishing attempts.

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    Sarah Schirmer Discusses Governor Cuomo's Executive Order that is Helping Communities Redefine Safety

     

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    PFM Perspectives Podcast | A Conversation on ESG Investing for a Changing World

    Listen in as we discuss the increasing interest in ESG investments that create a positive impact on society and align with investor values.

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    PFM Q&A | Current Thinking on the Pandemic and a Range of Topical Economic Issues

    We conducted a Q&A session with Biagio Manieri to discuss the firm’s views on the potentially long-lasting effects of the ongoing pandemic.

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    InvestEd | Outsourced Chief Investment Officer Trends and Best Practices

    The ideas and steps outlined serve as a baseline to help institutional investors assess either their current or future OCIO provider.

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    PFM Featured in P&I Investment Insights

    Pensions & Investments spoke with Biagio Manieri to discuss the question of whether passive or active strategies are better suited to take advantage of a market rebound.

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    PFM Perspectives | COVID-19 and Its Potential Impact on the November Election

    COVID-19 has had a dramatic impact on everyday life, but what impact might the pandemic have on the U.S. presidential election in November?

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    Board/Investment Committee Views and Messaging During Trying Times

    Who would have thought that non-profits would be governing in a virtual environment twelve, six or even three months ago?

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    PFM Perspectives | Addressing Systematic Racism

    The Center for Justice & Safety Finance is one of the critical ways that PFM has worked to combat systemic racism.

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    PFM Special Report | Meeting Debt Covenants During the COVID-19 Pandemic

    The COVID-19 pandemic has adversely affected the healthcare industry, causing sharp declines in revenue and cash flow.

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    Managing Director David Eichenthal Discusses the Debate over Defunding the Police

     

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    PFM Perspectives | Higher Education Strategies for Managing Resources

    The coronavirus outbreak will require colleges and universities to make tough decisions as they grapple with how to manage resources.

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    PFM's Commitment to Change

    The PFM community stands in solidarity with all people of color and is committed to working toward racial equity and justice in our communities and our country.  

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    PFM Q&A | The Current State of the Asset-Backed Securities Market

    We conducted the following Q&A session with James Sims, CFA to answer some timely questions about the asset-backed securities space.

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    PFM Special Report | Taking a Holistic View to Weather the Storm

    The severe disruption that is taking place in the higher education industry is like nothing we have seen before.

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    PFM Issuer Insight | Important Reminders for Tax-Exempt Issuers

    PFM takes a close look at how low arbitrage yields and a changing interest rate environment affect the tax-exempt bond issuer.

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    PFM Perspectives | A Practical Guide to Decision-Making in the COVID-19 Crisis

    This article offers practical advice on how to evaluate the effect and efficacy of gap-closing initiatives.

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    PFM Special Report | Benefit Bonds Not (Quite) Dead Yet - April 2020 Update

    While the original piece is more than three years old, the concepts of risk and opportunity remain the same.  

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    PFM Special Report | A Steady Hand During Periods of Uncertainty

    During turbulent times, OCIO providers can be a valuable resource as they can enable quicker, more effective decision-making.

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    PFM Q&A | PFM’s Environmental, Social and Governance Capabilities

    We view ESG investing as the inclusion of measurable non-financial environmental, social and governance factors into an investment analysis.

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    We Value Your Security Vol. 2 No. 1 | Helping Protect Against Vendor Email Compromise

    Vendor email compromise is when criminals use lookalike domains or email spoofing techniques to trick employees, acting as the regular vendor.

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    PFM's Environmental, Social and Governance Glossary

    Despite the recent boom in socially conscious investments, some confusion remains when it comes to defining certain ESG terms and acronyms.

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    PFM Perspectives | 2020 Election: For Investors, Does It Matter Who Wins?

    This report is meant to offer a snapshot of how presidential elections impact capital market performance.

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    PFM Q&A | New Trends in Repurchase Agreements

    In order to provide better insight into the repo market and to answer some FAQs regarding this topic, we conducted the following Q&A session with Chris Blackwood and Jeff Rowe.

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    PFM Q&A | PFM's Capital Market Assumptions Process

    In order to provide insights into our Capital Market Assumption (CMA) development process and answer FAQs, we conducted a Q&A session with the author Biagio Manieri.

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    PFM Issuer Insight | Arbitrage Rebate Basics

    PFM takes a look at the arbitrage rebates basics we think every issuer should be familar with and understand.

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    Munis Take Britain

    PFM's work in the UK is featured in this Bloomberg Brief. 

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    We Value Your Security | When You Just Aren’t Yourself: Combating Social Engineering Attacks

    Stopping social engineering attacks begins with awareness.

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    We Value Your Security Vol. 1 No. 3 | Data Breaches: Avoid Becoming a Headline

    Understanding how and why data breaches occur is the first line of defense.

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    We Value Your Security Vol. 1 No. 2 | Ransomware: Pay Up & No Byte Gets Hurt

    Ransomeware attacks are just one way cybercriminals will try to profit from gaining access to protected information.

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    PFM Issuer Insight | Preparing for the LIBOR to SOFR Transition

    SOFR Set to Replace LIBOR

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