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Are Hedge Funds Doomed?
Sheelah Kolhatkar of Bloomberg wrote a comment asking, Are Hedge Funds Still for Suckers?:Every time the market plunges, I smell cigar smoke. It filled the halls where I once worked as an analyst for a...
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Is CalPERS' Board Incompetent?
Yves Smith of Naked Capitalism wrote another stinging comment, CalPERS Board Members Defend Poor Performance by Staff, Capture by Private Equity (added emphasis is mine):All of the private equity...
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The Fed's Big Decision?
Rupert Neate of the Guardian reports, All eyes on Federal Reserve as it prepares for interest rate announcement: Under intense security and privacy, 12 people are gathering in Washington DC to make...
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Why Is Ray Dalio Worried?
Katherine Burton of Bloomberg reports, Ray Dalio Is Worried About Next Downturn as Fed Prepares Move:Ray Dalio, founder of $154 billion Bridgewater Associates, said he’s worried about the next economic...
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The Case Against Brian Moynihan?
Michael Corkery of the New York Times reports, Bank of America’s Fight to Keep Brian Moynihan’s Dual Roles:Forget the Iowa caucuses or the New Hampshire primary. One of the more intense and dogged...
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It’s All Up to Tsipras Now?
The BBC reports, Greece election: Alexis Tsipras hails 'victory of the people':Greece's Alexis Tsipras has said his left-wing Syriza party has a "clear mandate" after winning a second general election...
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Caisse Taking Less Real Estate Risk?
Allison Lampert of Reuters reports, Canadian pension fund does not need to take greater risks:The top real estate executive of Canada's second-largest pension fund said he won't have to make riskier...
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Harvard Endowment Warns of Market Froth?
Stephen Foley of the Financial Times reports, Harvard endowment warns of market ‘froth’:Harvard is looking for investment managers with expertise as short-sellers, as the world's biggest university...
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Sea Change At The Fed?
Mary Childs of Bloomberg reports, Gross Tells Fed to `Get Off Zero Now!' as Economies Run on Empty:Bill Gross said the Federal Reserve needs to raise interest rates as soon as possible, trading some...
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The End Of The Deflation Supercycle?
Ambrose Evans-Pritchard of the Telegraph reports, The world economy as we know it is about to be turned on its head (click on images to enlarge):Workers of the world are about to get their revenge....
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A Looming Catastrophe Ahead?
Caroline Valetkevitch of Reuters reports, Wall Street braces for grim third quarter earnings season:Wall Street is bracing for a grim earnings season, with little improvement expected anytime...
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Ontario Teachers’ Eyes London Expansion?
Joseph Cotterill of the Financial Times reports, Ontario Teachers’ eyes London expansion:Ontario Teachers’, the Canadian pension plan that owns the UK’s High Speed One railway and its National Lottery...
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Who Gets The Last Laugh on Stocks?
Myles Udland of Business Insider reports, Bill Gross is literally laughing at the stock market:Bill Gross is literally laughing at the stock market.In a tweet on Tuesday morning, Janus Capital's Bill...
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Why Is PSP Suing a Hedge Fund?
Ted Ballantine of Pension360 reports, Canada Pension Sues Hedge Fund Over Alleged Pricing Manipulation:Canada’s Public Sector Pension Investment Board filed a lawsuit on Friday against troubled manager...
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The October Surprise?
Akin Oyedele of Business Insider reports, Huge Miss on Jobs Report:The US economy added 142,000 jobs in September, fewer than forecast.Economists had been expecting the economy to add 200,000 jobs.The...
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The Fed's Courage To Act?
Ben Bernanke, the former chairman of the Federal Reserve, wrote a comment for the Wall Street Journal, How the Fed Saved the Economy:For the first time in nearly a decade, the Federal Reserve is...
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CalSTRS Pulling a CalPERS on PE Fees?
Back in July, Chris Flood and Chris Newlands of the Financial Times reported on CalSTRS's private equity woes:The second-largest US public pension fund has admitted it has failed to record total...
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Wither Teamsters' Pension Fund?
Mary Williams Marsh of the New York Times reports, Teamsters’ Pension Fund Warns 400,000 of Cuts:A prominent Teamsters pension fund, one of the largest, has filed for reorganization under a new federal...
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SEC Gunning For Private Equity?
Lisa Beilfuss and Aruna Viswanatha of the Wall Street Journal report, Blackstone in $39 Million SEC Settlement:Blackstone Group LP agreed to pay about $39 million to settle Securities and Exchange...
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Prepare For Lower Returns?
Craig Wong of the Canadian Press reports, Savers, pension plans should prepare for lower investment returns, C.D. Howe report suggests:Retirement savers and pension funds should be prepared for lower...
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