Perpetual Monetary Easing: Problem Creator for Pension Plans
The shift has left some pension plans vulnerable to future shortfalls in liquidity.
Tag: bonds
News
New York Pension Fund May Lower Holdings in Stocks
Concerned about downturn risk in equities, the New York State Common Retirement Fund may tilt allocation to bonds.
Asset Allocation
The 60-40 Stock-Bond Asset Mix Is Dead, BofA Warns
Equities will offer better risk-adjusted returns in the future, and bonds will slide, a report predicts.
Corporate Moves
CalPERS Makes Global Fixed Income Managing Director Official
Fund veteran Arnold B. Phillips had been serving as interim head since May 2018.
How Green Is My Bond?
New environmentally friendly issues are in high demand, but not all of them are as good as advertised. How to know the difference.
Corporate Debt Binge Will Ebb, Moody’s Predicts
Earnings slowdown expected to propel a movement away from heavy borrowing.
Newsmakers
Pennsylvania SERS to Cut Return Rates, Hedge Fund Allocations
Verdicts come amid political criticism, current market environment.
At Morningstar: Bond Fund Managers Suggest Investors Build Liquidity
One sees parallels to 2007 in current market conditions.
Regulation
SEC Charges Volkswagen with Defrauding Bond Investors
Regulator accuses automaker of ‘massive fraud’ to sell bonds at inflated prices.
Pension Sues Banks over Euro Bond Scandal
Lawsuit accuses Bank of America, Royal Bank of Scotland of rigging European government bond prices.
Market Moves
Bill Gross Says He Has Asperger’s and Adopts Liberal Economics Line
The erstwhile Bond King reveals surprises as he heads for retirement.
ETFs Are in Higher Demand from Insurers
Buyers of the funds triple in number, although these securities are still a small part of carriers’ portfolios, study says.
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.
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.
Newsmakers
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.