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US Pensions Looking North For Inspiration?
Gillian Tan of Bloomberg View reports, Pension Funds Should Look North For Inspiration:When it comes to at least one type of investing, U.S. pension funds should take a (maple) leaf out of their...
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2016's Biggest Hits and Misses?
Ted Carmichael recently posted a year-end review on his Global Macro blog, The Biggest Global Macro Misses of 2016 (added emphasis is mine):As the year comes to a close, it is time to review how the...
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Outlook 2017: The Reflation Chimera?
Julia La Roche of Yahoo Finance reports, Kyle Bass: 'Global markets are at the beginning of a tectonic shift':Texan hedge fund manager J. Kyle Bass, the founder of Hayman Capital, says that global...
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Scandal at Korea’s Retirement Giant?
Bruce Einhorn and Heejin Kim of Bloomberg report, A Scandal at Korea’s Retirement Giant:With 546 trillion won ($456.5 billion) in assets, South Korea’s public National Pension Service is the world’s...
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The Beginning of The End?
On Friday morning, Zero Hedge published a comment, Guggenheim: "3% Is The Beginning Of The End":The debate over what yield on the 10Y spells the end of the 30 year bond bull market, and would spillover...
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CPPIB Acquires an IT Giant?
Indulai PM and Jochelle Mendonca of India's Economic Times report, Apax Partners sells 48% of GlobalLogic to CPPIB in $1.5 billion deal: Apax Partners has sold half its 96% stake in GlobalLogic, an IT...
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Ontario Teachers' Eyes New Tack?
Jacqueline Nelson of the Globe and Mail reports, Teachers eyes new tack after 25 years:Ontario Teachers’ Pension Plan first began to lead the Canadian pension funds’ shift from sleepy, passive...
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All Roads Lead to Dallas?
Jonathan Rochford, portfolio manager at Narrow Road Capital, wrote a guest comment for ValueWalk, The Dallas Pension Fiasco Is Just the Beginning (h/t, Jim Leech):The recent blow-up of the Dallas...
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Sabia Departs Davos With More Questions?
This is a bilingual comment, bear with me, I will translate the key points below. Julien Arsenault of La Presse Canadienne reports, Sabia repart de Davos avec beaucoup d'interrogations:Que ce soit en...
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Elite Hedge Funds Shafting Clients on Fees?
Lawrence Delevingne of Reuters reports, Struggling hedge funds still expense bonuses, bar tabs:Investors are starting to sour on the idea of reimbursing hedge funds for multi-million dollar trader...
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Canada Has No Private Equity Game?
Tawfik Hammoud and Vinay Shandal of BCG recently wrote an op-ed for the Globe and Mail, Canada needs to work on its private-equity game:When you look at who attended last week’s World Economic Forum in...
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Harvard's Endowment Adopts Yale's Model?
Alvin Powell of the Harvard Gazette reports, Course change for Harvard Management Company:Explaining that challenging investment times demand “we adapt to succeed,” the new head of the Harvard...
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Sparks Fly at CFA Montreal Luncheon?
On Thursday François Trahan of Cornerstone Macro was in town for a CFA Montreal luncheon featuring a few panelists presenting their outlook 2017 (click on image):Along with François were Stéfane...
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The Big Push To Insource Pension Assets?
Back in early December, Aliya Ram of the FT reported, Danish pension fund halves outsourced money:Denmark’s biggest pension fund has halved the amount of money it outsources to external asset managers...
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California Crumbling?
Richard W. Raushenbush, a former Piedmont Unified School District Board of Education member and an attorney, wrote an op-ed for the East Bay Times: Increased pension payments threaten state’s...
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OPTrust Taking Climate Change Seriously?
The Canada News Wire reports, OPTrust Proposes Action on Climate Change with Release of Position Paper and Portfolio Climate Risk Assessment: Report:OPTrust today released Climate Change: Delivering on...
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Japan's GPIF Making America Great Again?
Japan's Nikkei reports, Japan's pension megafund to invest in US infrastructure:Infrastructure investments in the U.S. by Japan's Government Pension Investment Fund will feature heavily in the economic...
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Hedge Fund Quants Taking Over the World?
William Watts of MarketWatch reports, Look who is crashing the list of the world’s greatest hedge-fund managers: Want more proof that the quants are taking over the world? Take a gander at this chart...
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bcIMC Acquires European Credit Fund?
Kirk Falconer of PE Hub Network reports, bcIMC to acquire European credit business Hayfin from PE owners:Hayfin Capital Management LLP, a European private debt investment firm, has agreed to be...
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Go Sponsor Whom?
Janet McFarland of the Globe and Mail reports, #GoSponsorHer social media campaign aims to put more women in senior roles:Canada’s business leaders are joining a new social-media campaign aimed at...
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