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Canada's Growing Debt Risks?
Andy Blatchford of the Canadadian Press reports, Rising Household Debt Risks Canada's Long-Term Economic Health: Confidential Memo:Even debt-free Canadians could eventually feel a pinch from someone...
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Norway's Giant Beta Problem?
Michael Katz of Chief Investment Officer reports, Norway’s Sovereign Wealth Fund Returns 2.6% in Q2:Norway’s $977.4 billion Government Pension Fund Global returned 2.6%, or 202 billion kroner ($25.53...
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Should Central Banks Go Negative Now?
Tim Wallace of The Telegraph reports, Prepare for negative interest rates in the next recession, says top economist:Negative interest rates will be needed in the next major recession or financial...
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Are Kentucky's Pensions Finished?
Daniel Desrochers of the Lexington Herald Leader reports, ‘It affects everything.’ What’s at stake as Kentucky’s pension war begins:Trenches have been dug, heels are firmly planted, fingers are locked...
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New Math Hits Minnesota's Pensions?
Martin Z. Braun of Bloomberg reports, New Math Deals Minnesota’s Pensions the Biggest Hit in the U.S. (h/t, Suzanne Bishopric):Minnesota’s debt to its workers’ retirement system has soared by $33.4...
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Deflation Headed Straight for the US?
Antonia Oprita of The Street reports, August Jobs Miss Plays Into Bear's Worries About U.S. Deflation:Uh oh. The miss on U.S. employment numbers in August, when the economy created 156,000 jobs versus...
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Bank of Canada Flirting with Disaster?
Elena Holodny of Business Insider reports, The Bank of Canada surprises with a rate hike:The Bank of Canada unexpectedly hiked its key interest rate by 25 basis points to 1.00% on Wednesday, citing...
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OTPP's Mid-Year 2017 Report?
Martha Porado of Benefits Canada reports, Ontario Teachers’ reports 3.6% mid-year return amid currency drag:The Ontario Teachers’ Pension Plan reached an asset total of $180.5 billion as of June 30,...
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CalPERS To Outsource PE to BlackRock?
By Melissa Mittelman, Sabrina Willmer, and John Gittelsohn of Bloomberg report, BlackRock Is in Talks for Calpers's Buyout Business:The largest U.S. pension fund is talking to BlackRock Inc. about...
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Canada’s Pension Funds Lever Up?
Julie Segal of Institutional Investor reports, Canada’s Pension Funds Lever Up:Canadian pension plans are among the most admired institutional investors for their prowess as money managers. Now pension...
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Beyond Bridgewater's Culture and Principles?
Ray Dalio, Chairman & Chief Investment Officer at Bridgewater Associates, published a comment on LinkedIn, What is Bridgewater's Culture Really Like and What Are the Reasons For It?:As you know, at...
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Jim Leech on Pensions and Infrastructure Bank
On Monday, Jim Leech, Ontario Teachers' former President and CEO and now Chancellor of Queen's University who was appointed Special Advisor to the Prime Minister on the Canada Infrastructure Bank, gave...
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ATP and OTPP Strike Airport Deal?
Jacqueline Nelson of the Globe and Mail reports, Teachers’ European airport gets new pension investor:Ontario Teachers' Pension Plan is getting a new partner in its investment in a growing European...
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Are Markets or Hugh Hendry Wrong?
Zero Hedge posted a comment yesterday that caught my attention, "Markets Are Wrong": Hugh Hendry Shuts Down His Hedge Fund; Here Is His Farewell Letter:In the beginning, Hugh Hendry was the consummate...
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US Pension Storms From Nowhere?
Over the weekend, John Mauldin wrote a comment, Pension Storm Warning (added emphasis is mine):This time is different are the four most dangerous words any economist or money manager can utter. We...
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HOOPP's New CLO Risk Retention Vehicle?
Kirk Falconer of PE Hub reports, HOOPP partners with CIFC in new risk retention vehicle:Healthcare of Ontario Pension Plan (HOOPP) has formed a strategic partnership with CIFC LLC, a U.S. private debt...
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Boeing's Huge Pension Gaffe?
Katherine Chiglinsky, Julie Johnsson, and Brandon Kochkodin of Bloomberg report, Down $20 Billion, Boeing Stuffs Pension Fund With Its Own Shares:Like so many companies in America, Boeing Co. has...
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Are Fully-Funded US Pensions Worth It?
John J. McTighe, Jim Baross and David A. Hall wrote an op-ed for The San Diego Union-Tribune, Why full funding of pensions is a waste of money:Stark headlines have appeared over the past few years...
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Prepare For The Worst Bear Market Ever?
Barbara Kollmeyer of MarketWatch reports, im Jim Rogers says ETF holders will get mauled by ‘the worst’ bear market ever:Now that the Fed has finally started to peel off the quantitative-tightening...
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University of California's Pension Scandal?
Jack Dolan of the Los Angeles Times reports, UC is handing out generous pensions, and students are paying the price with higher tuition:As parents and students start writing checks for the first...
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