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Canada to consider additional voluntary contributions to Canada Pension Plan
trueThe Canadian government will hold consultations this summer “with experts and stakeholders” about whether to allow voluntary additional contributions to the C$264.6 billion ($220.3 billion) Canada Pension Plan, Ottawa, said Joe Oliver, Canada finance minister.
Investors pushing out of peripheral European bonds to safety of Germany, France
trueContinued uncertainty related to Greece’s ability to meet loan obligations, a potential exit from the eurozone and worries of a contagion effect to Spain has pushed investors to sell out of peripheral European bonds and opt for German and French government bonds.
Deutsche Bank to pay $55 million in SEC derivatives risk settlement
trueDeutsche Bank will pay $55 million to settle SEC charges that the bank did not disclose in its financial reports the full risk of a derivatives portfolio.
How the Fed depressed the recovery
trueIn my opinion, the Fed has significantly contributed to the weakness of the current economic expansion.
FTSE announces first emerging markets indexes with China A-shares exposure
trueFTSE on Tuesday announced the launch of two “transitional indexes” allowing institutional investors to add an initial increment of China A-shares exposure to their emerging markets benchmarks.
Illinois Teachers invests in 2 managed futures strategies, earmarks $1.1 billion total
trueIllinois Teachers' Retirement System approved investments or commitments totaling up to $1.1 billion at a board of trustees meeting Friday.
Atlanta General Employees taps emerging markets equity, global bond managers
trueAtlanta General Employees’ Pension Fund hired EARNEST Partners to manage a $37 million active emerging markets equity portfolio and Colchester Global Investments to manage a $74 million global fixed-income portfolio.
Jupiter beefs up emerging markets team with focus on Asian income strategy
trueJason Pidcock to join Jupiter’s emerging markets team.
Fed cites weakening economic data in reaffirming low rates
trueThe Federal Open Market Committee's decision to reaffirm the zero-to-0.25% target range for the federal funds rate at its April 28-29 meeting was based on weakening economic data, moving the path to higher rates further into the future, said meeting minutes released Wednesday.
SEC to propose that mutual funds disclose risk of rate rise
trueThe Securities and Exchange Commission is set to propose a requirement that mutual fund companies report how vulnerable their bond portfolios are to interest rate changes, said two people familiar with the matter.
San Bernardino council approves bankruptcy restructuring plan with full payments to CalPERS
trueThe city of San Bernardino’s Common Council on Monday approved a fiscal recovery plan to exit Chapter 9 bankruptcy that would repay CalPERS in full but only pay holders of the city’s $48.4 million outstanding pension obligation bonds about 1% as calculated on a present value basis.
Revenue and earnings coming back down to earth?
trueWhile valuation multiples are flying into the wild blue yonder, revenues and earnings have been coming back down to earth. But that's all because of the crash in the energy sector. Excluding this sector, the skies are still relatively sunny. Nevertheless, investors have to beware of repeating the ...
Penbridge unveils risk transfer index
truePenbridge Advisors, a pension risk transfer advisory firm, has launched its Pension Risk Transfer index, which measures the typical premium an insurance company would charge a generic defined benefit plan for a group annuity buyout.
PIMCO's global equity CIO to depart as firm liquidates two equity strategies
trueVirginie Maisonneuve, PIMCO's chief investment officer for global equities, is resigning as the firm closes two equity strategies, the money management firm disclosed in a statement on Thursday.
Chicago Transit Authority launches open-end real estate searches
trueChicago Transit Authority Employees Retirement Plan is searching for a real estate manager to run $45 million in an open-end core commingled fund, said an RFP on the $1.9 billion pension fund’s website.