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Steven Cohen's Dubious Rerun?
Nir Kaissar of Bloomberg reports, Steve Cohen's Dubious Rerun:Don’t call it a comeback just yet.As Bloomberg News reported on Tuesday, hedge fund manager Steven A. Cohen is preparing to raise as much...
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Ohio Braces For Pension Cuts?
Alan Johnson of The Columbus Dispatch reports, Ohio’s public-employee pensions face cutbacks:Public-employee pension funds are big business in Ohio, providing a safety net for 1.75 million...
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Canada's Pension Overlords?
Garth Turner, publisher of the Greater Fool blog, put out a comment recently, The overlords:As a gesture of thanks, three days after the election in which I was punted as an MP and cabinet minister, I...
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Janet in Wonderland?
Earlier this week, Ed Yardeni posted an interesting blog comment, Janet in Wonderland (added emphasis is mine):Borio vs Yellen. Last Wednesday, Fed Chair Yellen, in her press conference following the...
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The Global Retirement Reality?
John Mauldin continued writing on pensions this week on Thoughts from the Frontline, this time discussing the Global Retirement Reality (added emphasis is mine; click on images to enlarge):Today we’ll...
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Global Inflation in Freefall?
Ann Saphir of Reuters reports, Fed's rate hikes causing low inflation, Kashkari says:The Federal Reserve’s own actions, not transitory factors, are responsible for weak inflation, a Fed policymaker...
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Canada's Pensions Piling on Leverage?
Allison McNeely of Bloomberg reports, Canada's Pension Funds Are Piling on Leverage, Moody’s Warns:Canada’s public pension funds, among the biggest in the world, are piling on risk with leveraged bets...
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California's Pension Crowding Out Effect?
Adam Ashton of the Sacramento Bee reports, Pension costs ‘crowding out’ spending on parks, schools and social services, report says:California governments likely will make do with fewer teachers, parks...
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Navigating Through Prickly Markets?
Karen Brettell of Reuters reports, Dollar jumps as rising wages stoke inflation expectations:The dollar jumped to more than two-month highs against the yen and seven-week highs against the euro on...
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Quebec's Atypical Pension Fund Chief?
Jacquie McNish of the Wall Street Journal reports, Why Caisse’s Michael Sabia Isn’t Your Typical Pension Fund Chief:When work begins on a new, 42-mile commuter rail system here this year, it will also...
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AIMCo, PSP Looking at US Real Estate?
Mark Heschmeyer of CoStar Group reports, Starlight Commences $1.3 Billion U.S. Multifamily Acquisition Program:Toronto-based Starlight Investments has formed an institutional partnership with Canada's...
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CPPIB Comes Out on Asian Data Centers?
Lynette Khoo of Singapore's Business Times reports, CPPIB invests up to S$350m in Keppel's Alpha Data Centre Fund:The Alpha Data Centre Fund (ADCF), managed by Keppel Capital's wholly owned unit, Alpha...
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The Bubble Economy Set to Burst?
Andy Xie, an independent economist, wrote an op-ed for the South China Morning Post, The bubble economy is set to burst, and US elections may well be the trigger:Central banks continue to focus on...
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The Coming Renaissance of Macro Investing?
John Curran, a partner and head of commodities at Caxton Associates, and chief investment officer at Tigris Financial Group, a family office, wrote a comment for Barron's, The Coming Renaissance of...
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In Defense of Private Equity?
Joe Lonsdale, a founding partner at 8VC, wrote a comment on CNBC, In defense of private equity:The only way to create prosperity is to do more with less. In economic terms, an increase in productivity...
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Has Kentucky Lost its Pension Mind?
Tom Loftus of the courier-journal reports, Kentucky pension crisis: Bevin plan would move workers to 401(k)-like plans:After months of planning and closed-door negotiations, Gov. Matt Bevin and GOP...
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Private Equity's Asset-Stripping Boom?
Wolf Richter of Wolf Street blog posted a comment, Asset-Stripping by Private Equity Firms Is Booming:Here are the numbers. Peak chase-for-yield by institutional investors?Most of the brick-and-mortar...
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Markets on the Edge of a Cliff?
Fred Imbert and Thomas Franck of CNBC report, Dow jumps 123 points to record high after Senate takes step toward tax reform:U.S. stocks traded higher on Friday after the Republicans took a step toward...
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Fed Preps For QE Infinity?
Sam Fleming of the Financial Times reports, Yellen says Fed might turn to QE in another downturn:Janet Yellen, the Federal Reserve chair, has warned that there is an “uncomfortably high” risk that the...
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America's Dangerous Dual Economy?
Abby Joseph Cohen, a senior investment strategist at Goldman Sachs, wrote a comment for Yahoo Finance, The last 8 years of labor market improvement have been disturbingly uneven:The deep recession...
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