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Five Reasons to Go Slow on C/QPP Expansion?
Fred Vettese, chief actuary of Morneau Shepell, wrote an op-ed for the National Post, Five reasons Canada should go slow on CPP expansion (h/t Suzanne Bishopric):In December 2010, the federal and...
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Caisse to Focus on ‘Less Liquid’ Assets?
Frederic Tomesco and Doug Alexander of Bloomberg report, Caisse to Focus on ‘Less Liquid’ Assets, CEO Sabia Says:Caisse de Depot et Placement du Quebec, Canada’s second-largest pension-fund manager,...
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Pensions Taking On Too Much Illiquidity Risk?
My last comment on the Caisse focusing on illiquid asset classes generated a few excellent responses, so I decided to follow-up on this topic. Let me begin with what a former pension fund manager...
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Global Pension Assets Hit All-Time High?
Sarah Mortimer of Reuters reports, Global pension assets reach all-time high:Pension fund assets in the world's biggest markets rose by 8.9 percent in 2012 as retirement schemes shifted their attention...
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The Great Rotation Fairy Tale?
Edward Krudy of Reuters reports, "Great Rotation"- A Wall Street fairy tale?:Wall Street's current jubilant narrative is that a rush into stocks by small investors has sparked a "great rotation" out of...
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Japan's Great Rotation?
Suzanne Bishopric, Director of Investment Management Division at the United Nations Joint Staff Pension Fund, sent me a Bloomberg article by Anna Kitanaka, Toshiro Hasegawa and Yumi Ikeda, Japan...
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Excessive Risk-Taking at Public Pension Funds?
Elena Farah of the Houston Chronicle reports, Socialized Losses Encourage Excessive Risk-Taking by Pension Funds:Big bets with private equity[1] by public pension funds represent a perfect example of...
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Commodities In the Pits?
Ianthe Jeanne Dugan of the WSJ reports, Pension Funds Cut Back On Commodity Indexes:Pension funds and other institutions are retreating from popular investments linked to commodities after finding they...
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Severe Danger Looming In Corporate Bonds?
Jeff Cox of CNBC reports, 'Severe' Danger Looming In Corporate Bonds:A jump in interest rates could spark an unruly exit from the $12 trillion corporate bond market, according to a new...
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Placing Creditors Ahead of Pensioners?
Last Friday, in a 5-2 decision, the Supreme Court of Canada ruled against pensioners in Indalex case:The Supreme of Court of Canada has rejected a lower court's decision that the pension plan of...
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The Pension Fund That Ate California?
Steven Malanga, senior editor of City Journal and a senior fellow at the Manhattan Institute writes, The Pension Fund That Ate California (h/t, Michele Chow-Tai of TIAA-CREF):After spending years...
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Americans Borrowing From the Future?
Charles Delafuente of the NYT reports, Borrowing From the Future (h/t, Suzanne Bishopric):Early withdrawals from 401(k) and 403(b) retirement accounts can have significant effects on a nest egg. Even...
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Pensioners Lose a Battle But Win the War?
Kevin Morley, Scott Horner, Richard Borins, Edward Sellers and Michael De Lellis of the law firm Osler, Hoskin & Harcourt published a legal update, Canada: Indalex – Priorities And Pension...
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Abenomics Spurs a Global Macro Lovefest?
Sam Jones and Dan McCrum of the Financial Times report, ‘Abe trade’ revives macro hedge funds:For an elite group of the world’s most successful and secretive hedge funds, only one bet has mattered for...
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Greek Pension Fund Best Hedge Fund of 2012?
Investment & Pensions Europe reports, Greek pensions vehicle sees 'huge bet' on domestic bonds pay off:A "huge bet" on Greek government bonds has seen a fund for pension schemes in Greece almost...
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Top Funds Activity: Q4 2012
Svea Herbst-Bayliss and Katya Wachtel of Reuters report, U.S. hedge funds sour on Apple; favor dollar stores:Hedge fund heavyweights from Leon Cooperman's Omega Advisors to Barry Rosenstein's Jana...
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America's New Pension Poverty?
Michael A. Fletcher of the Washington Post reports, Fiscal trouble ahead for most future retirees:For the first time since the New Deal, a majority of Americans are headed toward a retirement in which...
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Canadian Bank Chief Sounds the Alarm?
Grant Robertson of the Globe and Mail reports, Retirement savings system is falling short, CIBC boss warns (h/t, Susan Eng, VP Advocacy at CARP):The head of one of Canada’s largest banks is proposing a...
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Worst Trade of the Year?
Jeff Cox of CNBC reports, Worst Trade of the Year? Bet Against Bond Market:While going long the stock market has been a great trade so far in 2013, betting that the bond market would suffer as a result...
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Pension Funds Improving Corporate Governance?
The Globe and Mail published a Reuters article, Pension funds look to strip Jamie Dimon of title:Overseers of government worker pension funds pressed JPMorgan Chase & Co. to strip chief executive...
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