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All Eyes on Stockton, California?
Dan Fitzpatrick of the Wall Street Journal reports, Franklin, Calpers Clash on Stockton Pension Issue:Two U.S. investment titans are clashing over whether public pensions should be protected in...
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2014’s Hedge Fund Winners and Losers?
Madison Marriage of the Financial Times reports, 2014’s hedge fund winners and losers:Bill Ackman's Pershing Square has topped a list of the year’s best-performing hedge funds at a time when...
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Prepare for Another Stock Market Crash?
David Weidner of MarketWatch reports, Dow 17,000 is on the wrong side of history:Today’s bull market is the fourth biggest since the 1929 crash after stocks have nearly tripled since the...
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Bribing Pension Fund Managers?
Dale Kasler of The Sacramento Bee reports, Ex-CalPERS chief admits receiving $200,000 in bribes in paper bag, shoebox:The first two payments were made in paper bags. The last installment came in a...
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Japan's Private Pensions Eying More Risk?
Eleanor Warnock and Kosaku Narioka of the Wall Street Journal report, Japan's Private Pension Funds Eye Riskier Assets:Japan's private pension funds, which control roughly ¥90 trillion ($888 billion),...
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Tricky Gimmick Funding U.S. Highways?
David Lawder of Reuters reports, U.S. House passes $10.9 billion transportation funding extension:The U.S. House of Representatives on Tuesday overwhelmingly passed a $10.9 billion extension of U.S....
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CalSTRS Takes CPPIB to School?
Mark McQeen of the Wellington Financial blog wrote a comment yesterday, CalSTRS exec gives a frank assessment of CPP Private Equity portfolio (added emphasis is mine):Stupid as it has been for me to...
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PSP Investments Gains 16.3% in FY 2014
Benefits Canada reports, PSP Investments posts double-digit return:The Public Sector Pension Investment Board (PSP Investments) recorded an investment return of 16.3% for the fiscal year ended March...
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On the Brink of Another World War?
Esther Tanquintic-Misa of the International Business Times reports, Will Malaysia Airlines MH17 Tragedy Provoke World War 3?:Could the disaster that fell upon Malaysia Airlines flight MH17 trigger a...
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Banks Aid Hedge Funds Avoid Taxes?
John D. McKinnon of the Wall Street Journal reports, Senate Report: Tax Move Helped Hedge Funds Save Billions:Hedge funds used a tax avoidance technique offered by Wall Street banks for years to skirt...
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Co-investments Entering Hedge Fund Arena?
Christine Williamson of Pensions & Investments reports, Co-investing entering new arena: Hedge funds:Institutional investors increasingly are translating co-investment experience in private equity,...
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Will Higher or Lower Rates Hurt Pensions?
Randall W. Forsyth of Barron's reports, Pension Funds Should Take Care What They Wish for:U.S. corporate pension funds are in the best shape they've been in since before the 2008 financial crisis as...
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Detroit's Latest Pension Disgrace?
David Sirota of Salon reports, Detroit’s latest pension disgrace: A gaudy new arena at retirees’ expense (h/t, Suzanne Bishopric):As states and cities grapple with budget shortfalls, many are betting...
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Is Israel Losing a War It's Winning?
Jeffrey Goldberg wrote an op-ed in The Atlantic, Why Is Israel Losing a War It's Winning?:Things change, of course—the only constant in the Middle East is sudden and dramatic change—but as I write it...
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De Bever on The Next Frontier of Investing
Rick Baert of Pensions & Investments reports, AIMCO’s de Bever points to ‘next frontier’ of investing:Leo de Bever, CEO of the C$70 billion (US$65.2 billion) Alberta Investment Management Corp.,...
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A Revolt Against Hedge Funds?
Dan Fitzpatrick of the Wall Street Journal reports, Calpers Pulls Back From Hedge Funds:Public pensions from California to Ohio are backing away from hedge funds because of concerns about high fees and...
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Argentina's Last Debt Tango?
Richard Lough of Reuters reports, Argentine debt talks go down to the wire to avert default:Argentina faced a race against on time on Wednesday to avert its second default in 12 years, needing either...
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U.S. Fracking EU Sovereignty?
Katrina vanden Heuvel and Stephen F. Cohen of The Nation report, Why Is Washington Risking War With Russia?: As The Nation has warned repeatedly, the unthinkable may now be rapidly unfolding in...
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Private Private-Equity Deals?
Ryan Dezember of the Wall Street Journal reports, Buyout shops look to rivals for deals:Private-equity firms have all but stopped buying public companies, retreating from a cornerstone of their...
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Ontario's Secret Pension Report?
Ron Ferguson of the Toronto Star reports, Liberals sat on report critical of bloated pensions in hydro sector:Premier Kathleen Wynne’s government is being ripped for keeping secret a report critical of...
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