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Wednesday, June 20, 2018
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The State of Connecticut (A1 stable) has recently attempted to increase the level of municipal oversight through the creation of the Municipal Accountability Review Board (MARB). The idea behind the creation of the board is to assist in preventing financial […]
Seeking to take advantage of Connecticut’s dire financial straits, private investors have begun circling the struggling city in search of opportunities. Chicago-based private equity in particular, which specializes in real-estate, has sent letters of interest to the town of Hartford […]
More bad news comes from the Windy City, which is already reeling from pension problems … the Chicago Teachers’ Pension Fund is short $1 billion, according to the fund’s consultants. This puts taxpayers on the hook to shore up (another) […]
The $1.54 trillion Japanese Government Pension Fund (GPIF) has made a change regarding its fee structure in an attempt to potentially boost returns. According to The Financial Times, the Government Fund has adopted a new fee structure for its active […]
Congress has just demonstrated just how bad the American pension system is with the formation of a select committee to bail-out failed pensions. The subtle maneuver happened during the new budget deal where Congress snuck in a provision that forms […]
After ten years, many public pensions system still suffer wounds from the 2008 financial crisis. For these pension system, the period from then until now has been marked with low contributions and volatile returns. To mitigate this situation, public pensions […]
Governor Phil Murphy promotes his campaign promises which look to new policies to stem the collapsing New Jersey pension system. Check out our H2 hedge fund letters here. To make this a reality, Murphy began his first term, which started […]
The Berkshire annual letter to investors arrived two weeks ago and presaged some disconcerting trends. Warren Buffet explained that the party was in effect over and that markets were overpriced across the board. Warren Buffet, a value investor, often seeks […]
An op-ed from Robert C. Pozen highlights an interesting side effect of the new tax law that restricts federal deductions for state and local taxes (SALT) to $10,000. This provision includes local property, sales taxes, and local income taxes. According […]
In the recent shocking news, New Jersey Treasurer declared on Thursday that the state would be revising the expected rate of return on the New Jersey Public Pension system – from 7 percent to 7.5 percent. This comes entirely as […]
