Visibility And The Clearer Trade?
Michael Gayed, chief investment strategist and co-portfolio manager at Pension Partners, wrote a comment over the weekend, Visibility And The Clearer Trade: The S&P 500 (SPY) fell last week as...
View ArticleWill Private Equity Spark The Next Crisis?
Dan Primack of Fortune reports, Ben Bernanke threatens private equity:Some potentially seismic news for the private equity market yesterday, as Yankee Candle canceled a $950 million debt refinancing...
View ArticleA Pension Holiday?
I've decided to take a solid break from blogging to spend time with family and friends. Those of you who want to track pension and investment news can do so by following the links below:1) Google:...
View ArticleThe Risks of a Greek Collapse?
Alexis Papachelas of Kathimerini reports, The risks of a Greek collapse:While Greece seems to be engrossed in its “success story,” the country’s partners appear more concerned with its “stability...
View ArticleSlowing Deterioration at U.S. Public Pensions?
Lisa Lambert of Reuters reports, U.S. public pensions weaken, but deterioration slowing:The ability of U.S. public pensions to cover their liabilities weakened again, although the deterioration is...
View ArticleCalPERS, CalSTRS Post Strong Gains
The Associated Press reports, CalPERS, CalSTRS post gains:The nation's two largest public pension funds on Monday reported double-digit annual returns from rising stock and real estate prices, but...
View ArticlePSP Investments Gains 10.7% in FY 2013
The Public Sector Pension Investment Board (PSP Investments) reported its fiscal year 2013 results:The Public Sector Pension Investment Board (PSP Investments) announced today that it recorded an...
View ArticleHefty Payouts For PSP's Executives?
The Ottawa Citizen published an article by Jason Fekete, Federal public service pension board executives’ earnings rise by half to $16 million, report finds:The five top-paid executives at the Public...
View ArticleRecord Results For AIMCo in 2012
While I was away, Gary Lamphier of the Edmonton Journal reported, Record results for Alberta’s pension fund manager AIMCo in 2012:Alberta’s $70 billion pension-fund manager posted the strongest returns...
View ArticleDetroit's Cries of Betrayal?
Steven Yaccino and Michael Cooper of the NYT report, Cries of Betrayal as Detroit Plans to Cut Pensions:Gloria Killebrew, 73, worked for the City of Detroit for 22 years and now spends her days caring...
View ArticlebcIMC Gains 9.5% Net in 2012-2013
The British Columbia Investment Management Corporation (bcIMC) released its results for 2012-2013:The British Columbia Investment Management Corporation (bcIMC) today released its combined pension plan...
View ArticleUK Ruling Puts Pensioners Above Creditors?
Miles Costello and Alex Spence of The Times report, Supreme Court victory for Lehman and Nortel pensioners:The Supreme Court has ended three years of uncertainty for thousands of members of the Lehman...
View ArticleThe Unsteady States of America?
The Economist reports, The Unsteady States of America:When Greece ran into financial trouble three years ago, the problem soon spread. Many observers were mystified. How could such a little country set...
View ArticleThe Hedge Fund Myth?
A few weeks ago, Bloomberg Businessweek published a piece by Sheelah Kolhatkar, The Hedge Fund Myth:At the height of the financial crisis in 2008, a group of famous hedge fund managers was made to...
View ArticleU.S. Carmakers Climb Out of Pension Abyss?
The Windsor Star published an article by Craig Trudel of Bloomberg, Big improvement in pension plays, GM and Ford say:While drawing car buyers and praise from the likes of Consumer Reports, General...
View ArticleU.S. Company Pensions in Peril?
Benefits Canada reports, S&P 500 company pensions see record shortfalls:Last year, S&P 500 companies posted record shortfalls in their pensions and other post-employment benefits (OPEB),...
View ArticleA Private Equity Luminary?
Beth Healy of the Boston Globe reports, Kevin Landry, Boston private equity luminary, dies at 69:Kevin Landry, a veteran of Boston private equity and one of its biggest personalities, died Thursday...
View ArticleRhode Island’s Big Bet on Hedge Funds?
Mike Stanton of the Providence Journal reports, Will Rhode Island’s big bet on hedge funds pay off?:A few weeks ago, New York billionaire hedge fund trader Daniel Loeb, who has $66 million in Rhode...
View ArticleIs The Smart Money Getting Out?
Robert Farzan of Bloomberg reports, Is the Smart Money Getting Out?:As markets break all time highs, there are signs that the smart money, as it’s called, is keen to get out.Data compiled by Bank of...
View ArticleNew Worries For Corporate Plans?
Tara Perkins of the Globe and Mail reports, Growing lifespans the latest worry for pension plans:Canadian companies are facing higher pension costs after an influential group published new research...
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