Leo Kolivakis is a blogger, trader and independent senior pension and investment analyst. This post was originally published at Pension Pulse. Barbara Shecter of the National Post reports, Canada Pension Plan has no cost advantage over other large public pensions: Proponents of expanding the Canada Pension Plan, or launching a similar large-scale retirement vehicle in Ontario, … Continue reading Pension Pulse: Time To Dismantle Costly CPP?
Leo Kolivakis is a blogger, trader and independent senior pension and investment analyst. This post was originally published at Pension Pulse. Alexandra Stevenson of the New York Times reports, Calpers’s Disclosure on Fees Brings Surprise, and Scrutiny: Earlier this year, a senior executive of the California Public Employees’ Retirement System, the country’s biggest state pension fund, … Continue reading Diving Into CalPERS’ Hidden Fee Disclosure
Leo Kolivakis is a blogger, trader and independent senior pension and investment analyst. This post was originally published at Pension Pulse. Timothy W. Martin of the Wall Street Journal reports, Calpers to Cut External Money Managers by Half: The largest U.S. public pension fund intends to sever ties with roughly half of the firms handling its … Continue reading A Deeper Look At CalPERS’ Manager Cutback
The chief investment officer of Philadelphia’s municipal pension fund has resigned and will leave the fund on January 15, according to ai-cio.com. Sumit Handa is stepping down from his post at the Philadelphia Board of Pensions and Retirement to enter the private sector, but it isn’t yet know where he is going. From Chief Investment … Continue reading Philadelphia Pension CIO Steps Down
Andrew Biggs, former deputy commissioner of the Social Security Administration and current Resident Scholar at the American Enterprise Institute, penned a column for the Wall Street Journal this week in which he posed the thesis that public pension funds invest in too many risky assets. To start, he compares the asset allocations of an individual … Continue reading Biggs: Public Pensions Take On Too Much Risk
A months-long probe into the ex-CIO of the Pennsylvania State Employees Retirement System (PSERS) has wrapped up this week, and the results are in: the investigation found no evidence that the former CIO, Anthony Clark, lied to the pension board about the poor performance of an investment. But, investigators say, the lack of evidence wasn’t … Continue reading Ex-Pension CIO Partially Cleared of Allegations of Hiding Poor Investment Performance, But Suspicions Remain
