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New Study on the Benefits of DB Pensions
The Canada News Wire reports, New analysis confirms that defined benefit pensions provide significant benefits to Canadian economy:Canadian retirees with defined benefit (DB) pensions are far less...
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The UK's Largest Infrastructure Deal?
Miles Johnson and Andrew Parker of the Financial Times report, Ferrovial sells Heathrow stake to UK pension fund:Ferrovial, the Spanish infrastructure and construction group, on Tuesday unveiled plans...
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Pension Funds Love Wall Street?
David Crane wrote an op-ed for Bloomberg, Pension Funds Love Wall Street:Public pension funds have been moving huge amounts of money into alternative investments managed by Wall Street.According to a...
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On the Verge of Expanding the CPP?
Adrian Morrow and Bill Curry of the Globe and Mail report, Push to expand Canada Pension Plan gaining steam:A provincial movement to expand the Canada Pension Plan is picking up speed, with civil...
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Will Catastrophe Bonds Wipe Out Pensions?
Sarah Jones and Margaret Collins of Bloomberg report, Pensions Muscle Into Reinsurance for Yield in Catastrophe Wagers:The $30 trillion global pension fund industry is starting to muscle in on...
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Are U.S. Pension Funds Going Canadian?
James Comtois of Pensions & Investments reports, MassPRIM taking closer look at cost structure:The Massachusetts Pension Reserves Investment Management Board launched the first phase of a...
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Norway's Big Reversal Bet?
Mikael Holter of Bloomberg reports, Norway’s Sovereign Wealth Fund Shuns Stocks on Reversal Bet (h/t, Abnormal Returns):Norway’s sovereign wealth fund, the world’s largest, warned that stock-market...
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Jim Leech on The Third Rail
Katia Dmitrieva of Bloomberg reports, Canada Pensions Need Reform, Ontario Teachers’ Leech Says:Canada's politicians and business leaders need to reform the pension system or the country could be...
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Can Pensions Afford Recovery?
Shimshon Bichler and Jonathan Nitzan wrote another excellent academic paper, Can Capitalists Afford Recovery?:Economic, financial and social commentators from all directions and persuasion are obsessed...
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The New Improved SAC Capital?
Emily Flitter, Katya Wachtel and Matthew Goldstein of Reuters report, U.S. to put SAC hedge fund out of business over insider trading:Steven A. Cohen faces an abrupt end to his career as one of the...
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CalPERS' Bonus Bonanza?
Michael B. Marois of Bloomberg reports, Calpers Doubles Bonus Payouts to Employees as Losses Recouped (h/t: Pension Tsunami)The California Public Employees’ Retirement System, the largest U.S. public...
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Caisse Warned of ABCP Meltdown?
This post is bilingual so if you don't speak French, bear with me, I will translate the important passages. Andrew McIntosh of the Journal de Montréal reports, Des enregistrements font mal paraître la...
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Further Restructuring at Canadian Pensions?
Janet McFarland of the Globe and Mail reports, Canadian pension plans face further restructuring, survey says:Canadian pension plans have taken major steps to restructure because of ongoing funding...
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CPPIB Hits an Investment Impasse?
Janet McFarland of the Globe and Mail reports, CPPIB chief cites investment challenges as alternative assets become ‘fully valued’: The Canada Pension Plan fund has slowed its pace of investment in...
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Hedge Funds Muscling Into Munis?
Michael Corkery and Matt Wirz of the Wall Street Journal report, Hedge Funds Are Muscling Into Munis:Hedge funds are making a large bet on municipal debt, bringing aggressive tactics to a $3.7 trillion...
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Canada's Huge Pension Crisis?
Keith Leslie of the Canadian Press reports, Canada headed for ‘huge economic crisis’ if no action taken to improve pensions, warns Ontario premier:Canada is headed for a “huge economic crisis” if the...
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Media Covering Up Caisse's ABCP Scandal?
On Tuesday, Le Journal de Montréal published two articles by Andrew McIntosh on why we need a new special commission to look into the asset-backed commercial paper (ABCP) scandal which ended up costing...
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Top Funds Activity During Q3 2013
Katya Wachtel of Reuters reports, Hedge funds tune into Pandora, discard Apple in third-quarter:Hedge funds took a liking to online music company Pandora Media Inc (P) in the third quarter but soured...
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Caisse Betting Big on Emerging Markets?
I will translate the main message for those who do not speak French. Michel Munger of Le Journal de Montréal reports, La Caisse investira plus dans les pays émergents:La Caisse de dépôt et placement du...
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No Pension Plan, No Problem?
In her special to the Globe and Mail, Marjo Johne reports, No pension plan? A solution for those fending for themselves:From Canada’s finance minister to the former chief actuary of the Canada Pension...
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