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The Big Apple's Pension Hell?
David Chen and Mary Williams Walsh of the New York Times report, New York City Pension System Is Strained by Costs and Politics (h/t, Suzanne Bishopric):For years, New York City has been dutifully...
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GPIF Focusing on Governance First?
Anna Kitanaka, Yoshiaki Nohara and Shigeki Nozawa of Bloomberg report, Japan Pension Fund Must Fix Governance First, LDP Says (h/t, Suzanne Bishopric):As the world’s biggest pension manager moves...
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Pension Tsar's Harsh Hedge Fund Lesson?
Chris Newlands of the Financial Times reports, Ontario pension tsar’s harsh hedge fund lesson:When Ron Mock became president and chief executive of the Ontario Teachers’ Pension Plan in January – one...
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The Next Structured Finance Collapse?
Joy Wilbermuth of Reuters reports, Hedge funds hit by RMBS margin calls:Several hedge funds have received margin calls in recent days on their holdings of risk-sharing RMBS bonds from Freddie Mac and...
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Reviewing PSP's Funding Policy?
Kathryn May of the Ottawa Citizen reports, Call for federal pension policy baffles experts:The Conservative government is developing a funding policy for the pension plans of Canada’s public servants,...
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The Dark Side of Private Equity?
William Alden of the New York Times reports, K.K.R., Blackstone and TPG Private Equity Firms Agree to Settle Lawsuit on Collusion:Three of the leading private equity firms on Wall Street have agreed to...
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Is Pension Smoothing the New Normal?
Vipal Monga of the Wall Street Journal reports, Welcome to the World of 'Pension Smoothing': A government accounting maneuver to pay for road repairs, subways and buses will allow many U.S. businesses...
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More Leverage to Combat Pension Shortfalls?
Dan Fitzpatrick of the Wall Street Journal reports, San Diego Pension Dials Up the Risk to Combat a Shortfall:A large California pension manager is using complex derivatives to supercharge its bets as...
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Top Funds' Activity in Q2 2014
Alexandra Stevenson and Matthew Goldstein of the New York Times report, Hedge Funds Give Quarterly Snapshot of Their Portfolios:The billionaire investor Leon Cooperman stocked up on Apple while other...
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Caisse Warns of Headwinds Ahead?
Paul Delean of the Montreal Gazette reports, Caisse posts 6.7% return, prepares for challenges ahead:A first-half return of 6.7 per cent for the Caisse de dépôt et placement du Québec in 2014 is “solid...
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The Long, Long View?
Joel Schlesinger of the Winnipeg Free Press reports, The long, long view:It's safe to say many Manitobans aren't familiar with Leo de Bever, the CEO of AIMCo.For that matter, most people have no idea...
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Leverage Spells Headline Risk for SDCERA?
Dan McSwain of U-T San Diego reports, Leverage spells headline risk for pension fund:By tradition, a public pension fund is safe and boring.If you run one of these multibillion-dollar funds, replacing...
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Quebec Pulling a Detroit on Pensions?
Don Pittis of CBC reports, Workers not to blame for Quebec pension problem:A deal's a deal, right? Well, not when it comes to the province of Quebec and the pensions of its municipal employees.And if...
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The Myths of Shared-Risk Plans?
Hassan Yussuff, President of the Canadian Labour Congress, wrote a special for the Financial Post, Why there’s no benefit in target benefit pensions:So-called ‘shared risk’ plans have nothing to do...
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The Real Risk in the Stock Market?
Alex Rosenberg of CNBC reports, The strange dynamic that’s guiding stocks higher:The S&P 500's surge past the 2,000 level this week for the first time ever is just the latest milestone for the...
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What Will Derail the Endless Rally?
Gene Marcial of Forbes reports, Ride With The Bulls Even As Warnings Of A Big Correction Are On The Rise:With the market’s major indexes continuing to climb to new all-time highs, investors are getting...
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Avoid the Hottest Hedge Funds?
Lawrence Delevingne of CNBC reports, Why you should avoid the hottest hedge fund hands:Investors who don't have money with Pershing Square Capital Management are likely salivating at the hedge fund's...
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Staying Mum on Corporate Expats?
Andrew Ross Sorkin of the New York Times reports, Public Pension Funds Stay Mum on Corporate Expats:In the outcry about the recent merger mania to take advantage of the tax avoidance transactions known...
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A Tough Year For Stock Pickers?
Jeff Cox of CNBC reports, It's been a tough year for running large-cap mutual funds:All those headlines about new stock market highs may look sexy, but life for active managers hasn't been quite so...
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Meet Ontario's New Pension Suckers?
Andrew Coyne of the National Post wrote an op-ed, Forcing Ontario’s chronic under-savers to contribute to new pension plan won’t save money:Among the list of arguments advanced for the proposed Ontario...
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