In the past, we’ve briefly covered “pension advance” firms – firms that make very high-interest loans against retirees’ pensions, similar to a payday loan model. The business model itself is not illegal, except in Missouri. But federal and state regulators this week announced they’ll be taking two such firms to federal court for deceptive business … Continue reading Federal, State Regulators Take “Pension Advance” Firms To Court
Leo Kolivakis is a blogger, trader and independent senior pension and investment analyst. This post was originally published at Pension Pulse. Last week, Bloomberg reported, China Plans to Allow Pension Fund to Invest in Stock Market: China will allow its basic endowment pension fund to invest in stock markets, according to draft regulations posted on the … Continue reading China’s Pension Fund To The Rescue?
Leo Kolivakis is a blogger, trader and independent senior pension and investment analyst. This post was originally published at Pension Pulse. Lefteris Papadimas and Angeliki Kountantou of Reuters report, Greece’s pension paradox: Many elderly are broke, despite government’s costly spending on system: The plight of 79-year-old Athenian Zina Razi and thousands like her strikes at the heart … Continue reading Greece’s Pension Paradox?
Leo Kolivakis is a blogger, trader and independent senior pension and investment analyst. This post was originally published at Pension Pulse. David Berman and Bertrand Marotte of the Globe and Mail report, CPPIB lands $12-billion deal for GE lending arm: The Canada Pension Plan Investment Board has struck a $12-billion (U.S.) deal to acquire General Electric … Continue reading Pension Pulse: CPPIB Bringing Good Things to Life?
Talks between the Canada Pension Plan Investment Board (CPPIB) and General Electric have advanced since last week, and news has now emerged that a deal is in place for CPPIB to buy the private equity lending arm of GE for $12 billion. From Reuters: GE’s Chicago-based Antares unit is the leading lender to middle market … Continue reading Canada Pension Plan Will Buy General Electric PE Arm in $12 Billion Deal
A federal judge has approved a $500 million settlement in a lawsuit, led by a handful of pension funds, that accused JP Morgan of knowingly selling toxic securities to investors. The lawsuit actually stems from securities issued by Bear Sterns; but Sterns was acquired by JP Morgan in 2008. More details from Bloomberg: The settlement … Continue reading $500 Million Settlement Approved in Suit Between Pensions, JP Morgan
Leo Kolivakis is a blogger, trader and independent senior pension and investment analyst. This post was originally published at Pension Pulse. Chris Johns of The Irish Times reports, Pension crisis is still a financial disaster waiting to happen: Benjamin Franklin famously said the only two things about which we can be certain are death and taxes. … Continue reading Europe’s Pension Crisis?
Japan’s mid-sized pension funds on Friday announced their intentions to mimic the portfolio shift of the giant Government Pension Investment Fund. The GPIF is in the midst of a reallocation that involved cutting bond exposure and loading up on foreign and domestic stocks. The three smaller funds following suit are: the Promotion and Mutual Aid … Continue reading Japan Pensions Follow GPIF to Stocks, Away From Bonds
On Monday, Pension360 covered the debate over a recent investment in a 115,000 acre tract of Saskatchewan farmland by the Canada Pension Plan Investment Board (CPPIB). On one side of the fight is Dan Patterson, a rancher and former general manager of the Farm Land Security Board who is skeptical of the effect the investment … Continue reading Pension Pulse: Is Farmland a Good Fit For Pensions?
India’s Union Railway Minister said last week that investments in railroads were needed to avoid a “deterioration of services”. On Monday, Minister Suresh Prabhu said the foreign pension funds would be an ideal investment partner. From The Hindu Business Line: The Union Railway Minister Suresh Prabhu on Monday called for tapping overseas pension funds to … Continue reading India Invites Foreign Pensions to Invest in Railroad System
