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Inflation protection — better to be safe, not sorry
trueSometimes it takes a crisis to make us all realize that, yes, inflation can always be lurking just over the horizon.
Rerisking without regret
trueWith new actuarial tables threatening lower funding status, pension investors should consider reversing the course of de-risking embedded in their glide paths and increasing their allocation to return-seeking assets.
FOMC continues tapering, low rates
trueMembers of the Federal Open Market Committee voted Wednesday to continue tapering their bond-buying program, dropping to $25 billion in monthly purchases from $35 billion in June. Information received since the June meeting showed second-quarter growth in economic activity but continued ...
Barclays wants dark-pool lawsuit dismissed
trueBarclays on Thursday filed a motion to dismiss a lawsuit that claims the bank misled clients about the extent of high-frequency trading in its Barclays LX dark pool, saying the complaint does not identify any fraud and has “substantial factual errors.”
Chinese imports data not confirming GDP figures
trueOn July 15 we learned that China's real GDP rose 7.5% year-over-year during Q2, up from 7.4% during Q1. The quality and accuracy of China's economic data have always been questionable. That's why I monitor all the available indicators to see when they are telling the same story, and when they are ...
Managers pessimistic on credit defaults, survey finds
trueCredit portfolio managers are more pessimistic about the outlook for credit defaults in the next 12 months but see stable credit spreads in North America and tighter spreads in Europe over the next three months
BATS Global Markets president out
trueWilliam O’Brien, president of BATS Global Markets, has left the company.
New York State Common Retirement Fund drops Cap Guardian for emerging markets equity
trueNew York State Common Retirement Fund, Albany, terminated Capital Guardian as manager of a $430 million emerging markets equity portfolio, said information on the website of state Comptroller Thomas DiNapoli, sole trustee of the $176.2 billion pension fund.
Russell Investments: Market volatility dangers likely
trueInvestor complacency, unsustainably low volatility and stretched equity market valuations might lead to market shocks, said the third-quarter update of Russell Investments’ Strategists' 2014 Global Outlook.
Emerging markets debt is attracting investors again
trueEmerging markets debt, pummeled during last year's “taper tantrum,” is now tempting institutional investors back into the fold.
Louisiana Municipal Police Employees picks high yield, emerging markets debt finalists
trueLouisiana Municipal Police Employees Retirement System named finalists in its searches for a domestic high-yield fixed-income manager to run about $83 million and an active emerging markets debt manager to run about $52 million.
Emerging market portfolio globalization: The next big thing
trueOne of 2014's great investment surprises has been emerging markets equity performance. Notwithstanding negative news (from Ukraine to China, Turkey to Thailand) and record foreign investor outflows, MSCI EM equity is up 5% in the first half of the year in line with MSCI All Country World Index ...
GMI to expand its ratings to emerging markets
trueGMI Ratings will introduce a combined set of accounting and governance ratings on some 9,000 companies in nearly 60 emerging markets countries.
Cambridge urges longer duration for fixed-income portfolios
truePension funds that want to reduce risk in their portfolios should consider moving away from traditional core fixed-income strategies benchmarked to the Barclays Capital Aggregate Bond index, a paper from Cambridge Associates stated.
Headwinds remain despite progress, Yellen tells Senate panel
trueFederal Reserve Chairwoman Janet Yellen told a Senate committee Tuesday that “the economy is making progress, and eventually, if we continue, the day will come when I think it will be appropriate to raise the fed fund rates."