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Overhauling the World's Biggest Pension Fund?
Chikafumi Hodo and Noriyuki Hirata of Reuters report, Reforms to shift Japan's huge pension fund towards riskier investments:The world's biggest pension fund is preparing its most ambitious overhaul...
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Battling New Brunswick's Pension Reforms?
The Canadian Press reports, New Brunswick to introduce changes to public sector pension plans:New Brunswick’s finance minister says the provincial government has gained the support of the majority of...
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Bubble Anxiety On the Rise?
Michael Mackenzie of the Financial Times reports, Bubble fears as US stocks break records:Markets have left milestones for dust. US stock prices are enjoying their best year since 1997, with investors...
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The Wall Street Code?
Jeffrey MacIntosh, Toronto Stock Exchange Professor of Capital Markets, Faculty of Law, University of Toronto, and author of C.D. Howe Institute’s “High Frequency Traders: Angels or Devils?” wrote a...
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OECD's Pensions at a Glance 2013
Julian Beltrame of the Canadian Press reports, OECD warns pension safety net fraying as poverty among seniors rises in Canada:An international think-tank warns that poverty among Canadian seniors is on...
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Crown Corporation Pensions in Trouble?
Vanessa Lu of the Toronto Star reports, Canada Post faces $1B pension shortfall:Canada Post warns it will need a significant cash infusion by the middle of next year to meet pension payment obligations...
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Is Canada on the Right Path?
Jack Mintz, Palmer Chair in Public Policy at the University of Calgary, wrote an op-ed for the National Post, Affluent Canadians don’t need more government help in providing security for their old...
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Canada's Global Buyout Kings?
Katia Dmitrieva and Matthew Campbell of Bloomberg report, How Canada’s pension funds changed their conservative ways to become global buyout kings:Mark Wiseman, the chief executive of Canada Pension...
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Wall Street's License to Steal?
Phyllis Furman of the New York Daily News reports, Bad deals with Wall Street are costing the city as much as $1 billion a year:Wall Street has put the squeeze on the city to the tune of $1 billion, a...
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Did Illinois Slay Its Pension Dragon?
Joanne Van Alroth and Karen Pierog of Reuters report, Illinois lawmakers pass long-awaited pension reform:Illinois' Democratic-controlled legislature on Tuesday passed a landmark pension reform bill,...
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Revisiting New Brunswick's Pension Reforms?
CBC News reports, Controversial pension changes approved in legislature vote:The Alward government's controversial pension reform has been passed into law.The bill got final approval from the...
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The Public Pension Problem?
The New York Times invited six contributors, including yours truly, to debate The Public Pension Problem:It’s been a bad week for public workers. On Tuesday, in a ruling that has implications for other...
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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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More on The Public Pension Problem
On Friday, I discussed the New York Times debate on The Public Pension Problem. There were many comments after each contribution. Below, I will focus on some comments on my contribution, Independent,...
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Warren Buffett's Pension Wisdom?
Back in August, Stephen Gandel, senior editor of Fortune, reported on the 1975 Buffett memo that saved WaPo's pension:One of the (many) things that surprised people about the recent $250 million sale...
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So You Wanna Start a Hedge Fund?
Tommy Wilkes of Reuters reports, New hedge funds need $300 million in assets just to break even:Traders launching a hedge fund need to raise at least $300 million in assets to pay for rising regulatory...
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Canada's Public Pension Problem?
CBC News reports, Canada Post, OPG highlight public pensions problem:The ballooning pension liabilities at Canada Post and the scandal over rich pensions at Ontario Power Generation highlight a looming...
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Tackling Quebec's Pension Deficits?
Rhéal Séguin of the Globe and Mail reports, Quebec government aims to resolve pension deficit:The Quebec government is proposing an ambitious strategy to begin resolving the deficits of a growing...
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PSP Investments' Tricky Balancing Act?
This is a bilingual post. Martin Vallières of La Presse reports, Investissements PSP: jongler avec croissance et rendement:Actif doublé à plus de 85 milliards en quelques années à peine. Effectif...
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