Opinion

  1. Navigating the fixed-income market: The calm before the storm

    trueThere are no safe harbors at present in fixed-income investing.

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  1. Co-investments: More bang for your buck

    truePrivate equity has been producing superior risk-adjusted returns, enticing investors to look no further than the asset class to get more bang for their buck. And, private equity fund sponsors are capitalizing on this to convince investors to put more dollars behind them. The strategy which is ...

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  2. States should step in to offer retirement options

    trueBarbara Williams is a former aerospace worker in California who lost her piece of the American dream when that industry downsized. She lost her job, benefits and hope for a dignified retirement.

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  3. Put a monkey in there? I prefer you guys

    trueBarrick (Gold Corp. was created and grew) without any government support. Yes, the government is behind us. Barrick never received a dollar subsidy, but Barrick did contribute $8 billion in pure direct taxes paid in its existence. Barrick also ... is employing today 25,000 people.

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  4. Under the hood of hedge fund leverage

    trueOne of the key differentiators between hedge funds and other investment vehicles is the use of leverage. Leverage can be your best friend one day, and your worst enemy the next. Everyone knows that leverage will accentuate both gains and losses. However, less is known about how hedge funds actually ...

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  5. Is it time for public plans to embrace an LDI approach?

    trueOver the better part of the past decade, corporate defined benefit plans have adopted liability-driven investing, while their public plan counterparts have largely ignored this investment approach.

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  6. The one question investors can take off the table

    trueOne important, and often underappreciated, benefit of absolute-return strategies is that the asset allocator should have to answer only two of the three typical questions when deciding to make an allocation.

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  7. Master limited partnerships positioned to benefit from rising U.S. energy production

    trueThere is no denying master limited partnerships have had a good run in recent years. A unique asset class in the investment landscape, MLPs are defined by the legal requirement that they derive most of their cash flows from real estate, natural resources and commodities. One of the key advantages ...

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  8. Long-term Investing and Keynes' wisdom: Succeeding unconventionally

    trueThe financial crisis has brought about a renaissance in Keynesian thinking, especially in relation to the debate over austerity vs. stimulus. But the great economist John Maynard Keynes was, perhaps, even more insightful in his analysis of investment behavior.

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  9. Using tontines to solve public pension underfunding

    trueTontines are investment vehicles that could replace large pension plans, public or private, or those of smaller employers, and could be used to provide retirement income for participants.

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  10. Hedge fund replication: Is it appropriate for you?

    trueHedge fund replication products are a classic example of financial innovation. However, while replication products are a “net-net” positive innovation, they are neither simple to understand, homogenous in form, nor appropriate in every situation.

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  11. TVA falls through cracks as plan funding deteriorates

    trueWith widespread improvements in pension plan funded levels reported for U.S. corporations, it was alarming to learn the Tennessee Valley Authority's pension plan was only 63% funded at the end of its fiscal year Sept. 30.

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  12. Netting risk not widely understood

    trueNetting risk anywhere is a threat to returns everywhere.

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  13. Tax minimization not always the best policy

    trueGoogle Inc. shareholders were scheduled to vote on a proposal May 14, sponsored by my firm, seeking the adoption of a responsible code of conduct to guide the company's global tax strategies. I expect this proposal has prompted a quizzical reaction from many investors who assume that minimizing ...

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