Jeremy Siegel: What to Buy to Be Insulated From Inflation
Hint: Not TIPS, which the Wharton prof terms ineffectual.
News
Pacific Life Fined for Unlicensed Pension Risk Transfers in New York
The insurance firm will pay a $3 million fine for unauthorized PRT business conducted in the state.
UK Pension Ownership of British Firms Plummets
The proportion of public shares held by UK pensions has fallen to 4% from one-third since 1990.
Inflation Soars, but Market Shrugs
Time was that high price gains slammed stocks. Why not now? The ‘transitory’ narrative lives.
CalPERS Considering Selling Up to $6 Billion in Private Equity Stakes
The report comes after the fund said it would increase its allocation to the asset class.
What Will Be the Best Future Tech Plays? Not the Big Five
UBS’s Haefele says tomorrow belongs to up-and-coming AI, big data, and cybersecurity outfits.
NC Treasurer Supports Proposed 2% Pension Supplement
Dale Folwell says the boost for retirees would be paid for by investment gains, not taxes.
Wellcome Trust Saw 34.5% Returns for Fiscal Year 2020-2021. Here Was Its Strategy.
This is the British health care charity’s best-performing year in two decades.
Blackstone Invests $3 Billion in CDPQ-Owned Invenergy Renewables
The Quebecois pension fund will remain a majority owner, and Invenergy management will run the firm.
Don’t Worry: The Economy Will Boom Up Ahead, Says Dimon
Despite widespread unease, the JPM chief has faith in strong household finances and the Fed.
DB Plans Far More Cost-Efficient Than DC Plans, Research Finds
Switching from pensions to 401(k) plans only saves money if benefits are cut substantially, a new report says.
San Diego’s Pension Payments Will Decrease by Over $30 Million
The city’s plan is on track to achieve full funded status by 2033.
Stocks Keep Slipping as Fed Eyes Faster Tightening
As Powell addresses a Senate panel, Wall Street forecasts even more rate hikes for 2022.
This Local Pennsylvania Police Pension Fund Is About to Run Out of Benefits. How Did That Happen?
The pension board is accused of opening the doors for pension spiking.
The Fed Isn’t Planning to Lift Rates High Enough, Says Summers
The central bank seems too timid to really dampen today’s high inflation, the former Treasury secretary warns.