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Canada's Highly Leveraged Pensions?
Ari Altstedter of Bloomberg reports, Hedge Funds + Leverage Are Hot Formula for Canada Pension Plans:The words “bold” and “pension fund” don’t always go together easily. Then again, neither do bold and...
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PSP Investments' Global Expansion?
Chris Witkowsky of PE Hub reports, Canada’s PSP Investments opens NY office for private debt:Another massive Canadian pension is making a move into the U.S. to directly compete with GPs.The Public...
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CPPIB's Chair On The Hot Seat?
Karen Seidman of the Montreal Gazette reports, Pension paid to McGill's former principal rankles employees:Amid a climate of austerity on the McGill University campus, new revelations about the pension...
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What's Spooking Markets This Friday The 13th?
Victor Reklaitis of MarketWatch reports, What’s spooked the world’s biggest hedge fund on this Friday the 13th: Even if you really want to buy stocks, you just might hold off on this Friday the...
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A Prayer For Paris
Please note I will be back on Tuesday. After a dark day of barbaric, savage and deadly terrorist attacks in Paris, there is nothing we can say or do to make sense of a senseless and heinous crime. This...
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Top Funds' Activity in Q3 2015
Alexandra Stevenson and Matthew Goldstein of the New York Times report, Filings Show Rocky Quarter for Many Hedge Funds:Some of the richest investors on Wall Street on Monday gave the world a glimpse...
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Ontario Pensions' Fossil Fuel Disaster?
Tyler Hamilton of the Toronto Star reports, Ontario pension funds lost $2.4B from oil, coal investments:Ontario’s five largest pension funds lost an estimated $2.4 billion during the last half of 2014...
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Forcing Green Politics on Pension Funds?
Andy Kessler , a former hedge-fund manager, is the author of “Eat People,” Forcing Green Politics on Pension Funds:The beauty of the stock market is that no one can tell you where to put your...
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The Caisse's Big Stake in Bombardier?
CBC News reports, Caisse putting $1.5B US into Bombardier for stake in rail business:Bombardier has signed a deal that will see the Caisse de dépôt et placement du Québec (CDPQ) invest $1.5 billion US...
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Mario Draghi’s Worst Nightmare?
David Oakley of the Financial Times reports, Nightmare of Mario Draghi’s crowded trade:Investors are putting too much faith in Mario Draghi. The European Central Bank president is largely responsible...
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AIMCo Investing in Renewable Energy?
Geoffrey Morgan of the National Post reports, TransAlta Renewables gets $200M investment from Alberta fund manager AIMCo:Alberta’s provincially owned investment management company bought a $200-million...
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A Bad Omen For Private Equity Returns?
Sebastien Canderle, a consultant, university lecturer in private equity and author of Private Equity’s Public Distress, sent me a guest comment, A Bad Omen for Future Returns in Private Equity:A recent...
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Battered Bonds For Thanksgiving?
Rob Copeland and Sarah Krouse of the Wall Street Journal report, Hedge Funds Stalk Battered Corner of Bond World:Wall Street traders are circling a corner of the bond world they say is taking an...
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Elite Funds Prepare For Reflation?
Ambrose Evans-Pritchard of the Telegraph reports, Elite funds prepare for reflation and a bloodbath for bonds:One by one, the giant investment funds are quietly switching out of government bonds, the...
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CalPERS' Partial Disclosure of PE Fees?
Dan Starkman of the Los Angeles Times reports, CalPERS fee disclosure raises question of whether private equity returns are worth it:The nation's largest public pension fund peeled back a layer of...
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Japan's Pension Whale Gets Harpooned in Q3?
Robin Harding of the Financial Times reports, Japan’s pension fund loses $64bn in third quarter:The world’s biggest pension fund suffered a grim third quarter, losing $64bn— or 5.6 per cent of its...
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More Bad News For Hedge Funds?
Katherine Burton and Saijel Kishan of Bloomberg report, Hedge Funds Brace for Redemptions:When BlueCrest Capital Management told investors Tuesday it would no longer oversee money for outsiders, one...
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Are Martingale Casinos About To Go Bust?
Ellie Ismailidou of MarketWatch reports, Bill Gross thinks Fed, ECB are ‘casinos’ printing money: Bill Gross has never hidden his dislike for central-bank stimulus. But in his latest investment...
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Overtouting The Canadian Pension Model?
Chris Taylor of Fortune reports, These Canadians Own Your Town:Conspiracy theorists have no shortage of ideas about who runs the world, which secret cabal is meeting in private to count cash and pull...
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BT Pulling Billions From Its Own Manager?
Chris Newlands and Madison Marriage of the Financial Times report, BT pulls pension mandate from Hermes:Telecoms group BT has pulled an £8.4bn investment mandate from Hermes, the asset manager it owns,...
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