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Fiscal Cliff Meltdown or Melt-Up?
Michael Gayed, chief investment strategist and co-portfolio manager at Pension Partners, explains why the fiscal cliff is bullish: I've been noting in my writings and in my various tweets since Monday...
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Argentina's Last Tango With Bondholders?
Last week, I hooked up with Nathan Schipper, a Montreal businessman who invested in Argentinian wineries. We talked about Greece's debt deal and then discussed Argentina's latest tango with bondholders...
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Virginia's Bonus Bonanza?
Steve Contorno of the Washington Examiner reports, Va. pension managers get bonuses despite declining performance:The managers of Virginia's pension fund got bonuses in 2010 and 2011 even though they...
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Will BCE Follow Verizon on Pensions?
Hugo Miller of Bloomberg reports, BCE pumps $750 million into employee pension plan:BCE Inc., Canada’s largest telephone company, reiterated its full-year sales and profit forecast and said it will add...
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Pension Bonds Increase Default Risk?
Brian Chappatta of Bloomberg reports, Muni Pension-Bond Sales May Increase Default Risk, Moody’s Says:State and local governments issuing bonds to bolster their pension funds may increase the chance of...
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Hedge Funds Born to Run?
Michelle Celarier of the New York Post reports, Pension funds pare hedge bets:Pension funds’ love affair with hedge funds is cooling off.They yanked a collective $6.4 billion from hedge funds in...
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No Need For Conversation?
Josh Brown, publisher of The Reformed Broker blog, wrote a comment following the tragedy at Sandy Hook Elementary School in Newton, Connecticut, No need for a conversation:My heart is breaking for the...
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Is Market Timing a Loser's Proposition?
François Rochon, the head of wealth-management firm Giverny Capital, writes, Timing the stock market really is a loser's proposition:Many years ago, filmmaker Woody Allen said "80 per cent of success...
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Pay and Performance at Public Plans?
Mark Niquette and Martin Z. Braun of Bloomberg report, Texas Pension Manager Paid $1 Million Trails Peers Who Make Less:Britt Harris arrived at the Teacher Retirement System of Texas in 2006 from the...
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The Grinches Who Stole CPP's Christmas?
Bill Curry of the Globe and Mail reports, Finance ministers put CPP reform back on the agenda:Canada’s finance ministers have announced a “way forward” on expanding the Canada Pension Plan, but put off...
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Private Equity's Dirty Little Secret?
Daniel Gross of the Daily Best reports, Cerberus to Sell Stake in Gunmaker Freedom Group:It took a while, but the owner of Freedom Group, the weapons conglomerate that makes the Bushmaster weapon used...
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Supreme Court Rules on $28 Billion Surplus
Kathryn May of the Ottawa Citizen reports, Public service unions not entitled to pension surplus: Supreme Court:The Supreme Court of Canada has ruled federal employees aren’t entitled to any of the...
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Another Cliffhanger to End 2012?
Ryan Vlastelica of Reuters reports, Stock futures imply slump, fiscal deal unlikely before year-end:Stock futures dropped more than 1 percent on Friday after a Republican proposal for averting the...
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Another RIM Job?
Ian Marlow of the Globe and Mail reports, National Bank, which ignited RIM's rally last month, now downgrades stock:Shares of Research In Motion Ltd., which have soared over the past two months on a...
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In Search of the Holy Grail?
The December letter from Absolute Return Partners is another must read for institutional and retail investors. The letter, In Search of the Holy Grail, delves into the frustrating practice of...
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Lump of Coal For Christmas?
Twas the day after Christmas when all through the world, investors awoke to news that China's economy continues to improve:China's stronger manufacturing and real estate sectors indicate a recovery,...
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Billion$ Behind Bars?
I recently saw a fascinating CNBC documentary, Billion$ Behind Bars:With more than 2.3 million people locked up, the U.S. has the highest incarceration rate in the world. One out of 100 American adults...
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The End Is Here?
Noah Barkin of Reuters reports, Euro doomsayers adjust predictions after 2012 apocalypse averted:Back in May, as the euro zone veered deeper into crisis, Nobel Prize-winning economist Paul Krugman...
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The New Depression?
In my final post of 2012, will draw on insights from three heterodox economists to critically examine the state of the global economy. First, Richard Duncan, author of The New Depression, was recently...
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Buh Bye Bonds?
Sean Silcoff, Barrie McKenna and Bill Curry of the Globe and Mail report, The great pension shift: Goodbye safe, dull government bonds:Keith Ambachtsheer has made a living advising pension funds on the...
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