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Beware Of The Big Bad Caisse?
This comment is bilingual, so please bear with me as I will explain it below. At the end of June, Patricia Cloutier and Valerie Gaudreau of Le Soleil reported, Tous les régimes de retraite de Québec...
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Canada's Radical Pensions?
Mary Childs and John Authers of the Financial Times report, Canada quietly treads radical path on pensions:Half a decade ago, the top brass of New York City’s comptroller’s office hopped on a plane to...
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The Trillion Dollar State Pension Fund Gap?
John W. Schoen of CNBC reports, States face pension fund gap approaching $1 trillion:After years of not setting aside enough money, state pension funds are looking at a $1 trillion shortfall in what...
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Are US Public Pensions Crumbling?
Nicole Bullock of the Financial Times reports, The crumbling assumptions of US public pension plans:The governor’s office for Illinois, a state with notoriously weak finances, this week issued a stark...
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Exposing Bond Bubble Clowns?
Ron Rimkus, CFA, wrote a comment for the CFA Institute, Is There a Bond Market Bubble?:What is a financial bubble? A financial bubble occurs when the market price of a security or a group of securities...
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A Long-Term Solution For Pensions?
Keith Ambachtsheer, Director Emeritus, International Center for Pension Management, Rotman School of Management, University of Toronto and author of The Future of Pension Management, wrote an op-ed for...
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Is The Fed Set To Hike Rates?
Tom DeChristopher of CNBC reports, Mohamed El-Erian is right: The Fed is about to hike, economists say:Some economists are siding with Allianz's Mohamed El-Erian, who on Tuesday said he sees an 80...
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The Global Pension Crunch?
Yawen Chen and Nicholas Heath of Reuters report, China's pension funds under pressure with rising payments:Many Chinese pension funds are under renewed pressure to break even as local governments race...
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Brazil's Pension Scandal?
Anthony Boadle of Reuters reports, Brazil's new government buffeted by pension fund scandal (h/t, Suzanne Bishopric):The government of Brazil's new President Michel Temer scrambled on Tuesday to...
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Europe's Lost Generation?
Tito Boeri, Pietro Garibaldi, Espen Moen wrote a comment for Vox EU, CEPR's policy portal, Increases in the retirement age and labour demand for youth (h/t, Suzanne Bishopric):Most European countries...
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Cracks In The Bond Market?
Kevin Buckland, Wes Goodman, Shigeki Nozawa of Bloomberg report, Cracks Are Appearing in Bond Market That Led Record Global Rally:One of the pillars of 2016’s record-setting global bond rally is...
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A Conversation With HOOPP's Jim Keohane
On Friday, I had a chance to talk to Jim Keohane, President and CEO of the Healthcare of Ontario Pension Plan (HOOPP). Before I get to to that discussion, you should all read an article Jim and Hugh...
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Big Executive Shakeup at CPPIB?
Barbara Shecter of the National Post reports, Mark Jenkins is leaving CPPIB, triggering executive shakeup at pension manager:Mark Jenkins, global head of private investments at Canada Pension Plan...
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Delivering Alpha 2016?
Patti Domm of CNBC reports, Bond yields spike as delivering alpha investors voice negative views:Comments from major investors at the Delivering Alpha conference added fuel to an already sour mood in...
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Great News For Ontario's Teachers?
The Ontario Teachers' Federation put out a press release, Surplus funds will further restore inflation protection for retired teachers:The Ontario Teachers’ Federation (OTF) and the Ontario Government,...
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A Crisis in Active Management?
Charles Stein of Bloomberg reports, Failing to Measure Up Is $422 Billion Stock Pickers' Crisis:You don’t have to look far to explain why investors are yanking money from mutual funds run by stock...
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California's Pension Gap?
Jack Dolan of the LA Times reports, The Pension Gap:With the stroke of a pen, California Gov. Gray Davis signed legislation that gave prison guards, park rangers, Cal State professors and other state...
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Should The Fed Raise Rates Now?
The editorial board of Bloomberg View posted an op-ed, The Fed Should Be Clear and Raise Rates:Running the U.S. Federal Reserve has never been an easy job, and the degree of difficulty is only getting...
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Did the BOJ Save or Kill DB Pensions?
Robin Harding of the Financial Times reports, BoJ launches new form of policy easing:The Bank of Japan has launched a new kind of monetary easing as it set a cap on 10-year bond yields and vowed to...
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Twilight of the Central Bankers?
Gina Chon, a Reuters Breakingviews columnist, wrote an op-ed, Fed “forward guidance” blows too much smoke:The U.S. Federal Reserve is still enabling financial markets. The central bank on Wednesday...
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