The U.S budget deficit has widened as the corporate and individual tax receipts and other revenue declines in the face of federal spending reaching new heights. Last year’s fiscal gap for February was $215.2 billion. It has now grown to […]
Author: Gary St. Fleur
JPMorgan: Illinois and New Jersey pension deficits “are practically irreversible”
A new report written by analyst Michael Cembalest at J.P Morgan discusses on going project entitled “The ARC and the Covenants”-ARC standing for “Annual Required Contribution”- which sole purpose is to assess unfunded pension and retiree health care obligations of […]
![By TUBS [CC BY-SA 3.0], from Wikimedia Commons](https://www.valuewalk.com/wp-content/uploads/2018/06/Connecticut-270x200.png)
Connecticut Flirts With Increased Municipal Oversight
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 […]
Private Equity Firm Eyes Connecticut’s Assets
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 […]
Chicago Presides Over Another Pension Time Bomb
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) […]
World’s Biggest Pension Fund Makes Some Important Changes
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 […]
Is A Dreaded Pension Bail-Out In Our Future?
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 […]
Underfunded Public Pensions Still Weathering 2008’s storm
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 […]
New Governor Looks To Plug Holes New Jersey As Pension Obligations Explode
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 […]
Dangerous Trends In Private Equity
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 […]
