Its 50-year study documents just how an escalating CPI is no friend to the market.
Board members at the beleaguered pension fund withdrew their call for a vote of termination at Friday’s meeting.
The historical outperformance of external debt has led emerging markets debt (EMD) investors to overweight external debt compared with local debt.
He leaves the pension fund after less than a year on the job; Deputy CIO James Nolan will take over as acting CIO.
The country’s 328 firms saw an aggregate 424.7% increase in income from a year earlier.
Without thoughtful preparation, offloading liabilities can be a costly and time-consuming endeavor.