Bridgewater Is Bearish about 2019
The world’s largest hedge fund views rising interest rates and debt as big problems.
News
Hedge Funds, with Tepid Start to 2018, Get Bump in May
Their 0.65% increase last month makes up more than two-thirds of this year’s increase.
Kentucky Governor Wants to Oust Judge in Pension Lawsuit
Republican Bevin requests new jurist, claiming current one is a biased Democrat.
Housing Market Is Still Sluggish, 10 Years After Crisis
Higher mortgage costs and a supply shortage are problems, though demand is decent.
Discount Rate Decreases Slow S&P Pension Improvements in May
Aggregate pension debt drops by $9 billion, but combined S&P 1500 debt is still more than $2 trillion.
UK MPs Call for Mandatory Disclosure of Climate Change Risks
Parliamentary committee said a voluntary approach for asset managers would not be effective.
Under-Funded Colorado Retirement System Gets Some New Money
State will contribute $225 million extra annually, and both employer and employee contributions rise.
Why Small Caps Romped in May, Leaving Behind Large Stocks
For a change, the small-stock S&P 600 outpaced its large-cap sibling, with healthcare a big plus.
SEC Fines DeVere $8 Million over Conflicts of Interest
Regulator alleges investment firm defrauded hundreds of clients.
UK Corporate Pension Funded Levels Surge in May
The aggregate funded level of the FTSE 100 pension funds climbed to 99% last month.
$26 Trillion Institutional Group Pushes Paris Agreement Adoption Ahead of G7 Summit
Alliance concerned about agreement’s goals ‘falling short.’
Southampton University Is Closing Its DB Plan for Future Non-Teaching Members
Contributions may increase for existing beneficiaries.
Insolvency Looms Larger for PBGC Multiemployer Program
Projections now show a 90% chance the program will run out of money in seven years.
Illinois OKs $423 Million Pension Bond Buyout, but Its Debt is Growing too Fast
Moody’s warns that without public cuts, liabilities will eat 30% of state income.
Minnesota Signs Bipartisan Pension Reform into Law
New law eliminates $3.4 billion in liabilities to stabilize state’s public pension plans.