High GDP May Lead to Market Problems, Paulsen Says
Leuthold strategist fears hot economy will push up inflation, threatening advance.
News
Corporate Moves
Lothian Pension Fund CEO Announces Departure
Scottish plan expects to fill the vacancy by December or early next year.
Weak 2016 Returns Spur Unfunded State Pension Liabilities
However, Moody’s says strong 2017, 2018 returns will lead to a drop in liabilities.
Newsmakers
Putin Might Soften His Pension Plan to Boost Retirement Age
After public outrage erupts, Russian president could speak on the proposal as early as today.
Amid Strong Earnings, the Market’s Party Looks Likely to Keep Going
LPL’s Lynch, impressed by the profit bonanza, thinks the bull market will extend into 2019.
Asset Allocation
Canada’s CPPIB Boosts Investments in China
Fund plans to double its assets in the country by 2025.
Newsmakers
Australia Pension Giant Gets 40-Year Victoria Land Lease
First State Super’s $2.1 billion payment will go toward infrastructure in the state of Victoria.
Newsmakers
Is Chicago’s $10 Billion Pension Bond Sale Decision the Answer?
State’s bond history and already badly funded pension shows little room for maneuver.
Market Moves
Why US-Mexico Trade Deal Still Must Include Canada
America’s neighbor to the north has been sidelined on NAFTA talks, amid Trump-Trudeau acrimony.
Newsmakers
Norway Commission Recommends Against Oil Divestment
Panel says divestment would not protect against a permanent drop in oil prices.
Weyerhaeuser Purchases Annuity to Reduce US Pension Liabilities
Move is expected to reduce liabilities by 30%, and participants and beneficiaries by 50%.
Asset Allocation
Rhode Island Pension Returns 1.51% in July, 7.8% for Year
Fund adds $125 million to reach $8.4 billion, beats benchmarks.
Canada’s Public Sector Pension Manager Adds New Private Debt Chief
Francis Blair will help PSP Investments debt division’s focus on distressed companies.
Sibson, Segal Marco Model Pension Funding Status Rises to 93%
Increasing high-quality corporate yields help reduce pension liabilities.