Leo Kolivakis's blog
Showdown at Kananaskis?
Submitted by Leo Kolivakis on 12/17/2010 08:12 -0500There is going to be a showdown next week at Kananaskis...
No Surgery Needed?
Submitted by Leo Kolivakis on 12/15/2010 22:31 -0500According to Jack Mintz, Canada's pension system is fine. "No surgery is needed". If only that was the case...
CalPERS Adopts New Investment Plan
Submitted by Leo Kolivakis on 12/14/2010 21:47 -0500California Public Employees’ Retirement System has adopted a new asset-allocation strategy in order to better prepare for risk-adjusted performance in the investment world. And that's not all...
Hungary For Pensions?
Submitted by Leo Kolivakis on 12/13/2010 20:15 -0500In an attempt to take the sting out of austerity, the Hungarian parliament late Monday approved the government's much-questioned bill that will reverse a 1997 pension system reform and in effect nationalize mandatory private pension-fund assets. Is this the start of a disturbing trend?
Is Santa Claus Rally Almost Done?
Submitted by Leo Kolivakis on 12/11/2010 22:49 -0500It seems a lot of people get stressed out during the holiday season. They torture themselves trying to figure out if the Santa Claus rally will continue. Don't worry, Santa will keep buying them dips long after Christmas is over...
Accounting for Public Pensions?
Submitted by Leo Kolivakis on 12/10/2010 21:07 -0500What happened to American companies that paid solid wages and provided employees with solid pensions? Oh well, at least public sector pensions continue paying out nice benefits...for now.
Passing the Pension Time Bomb?
Submitted by Leo Kolivakis on 12/08/2010 23:08 -0500New York State taxpayer-funded contributions to public pensions will "explode" in the next five years, forcing the state to divert resources from other services to meet the obligation. Maybe they can sell more pension obligations bonds to cover these expenses, just like they're now doing in Illinois.
UK Pension Deficits Widen 50%?
Submitted by Leo Kolivakis on 12/07/2010 20:55 -0500Despite the recent stability, the funding shortfall faced by the 200 largest UK schemes has soared by 50% during the past four years, rising from an average of £55 billion during 2006 to one of £87 billion this year. But the government has a trick up its sleeve to wipe out a big chunk of these pension deficits...
Clamping Down on Pension Bets?
Submitted by Leo Kolivakis on 12/06/2010 21:30 -0500British pension funds will be prevented from investing in risky assets, including stocks, by the Pensions Regulator under plans to stop weaker companies with large pension shortfalls from making huge bets.
Fearing Global Macro Gods?
Submitted by Leo Kolivakis on 12/05/2010 15:26 -0500What major macro themes will impact financial markets and the global economy as we head into 2011 and beyond?
Disabled Nortel Workers Hobbled?
Submitted by Leo Kolivakis on 12/04/2010 19:47 -0500Disabled Nortel employees, just weeks away from losing their medical benefits on Dec. 31, watched what appears to be their remaining lifeline dissolve before their eyes...
A Bolivian Christmas?
Submitted by Leo Kolivakis on 12/03/2010 20:07 -0500Christmas came early to Bolivia this year...
CPPIB Focuses on Asia
Submitted by Leo Kolivakis on 12/02/2010 21:32 -0500Mark Wiseman, CIO at the Canada Pension Plan Investment Board, is increasingly focusing on opportunities in Asia...
Pension Accounting Change to Hit Profits?
Submitted by Leo Kolivakis on 11/30/2010 19:30 -0500Changes in pension accounting rules are going to wreak havoc on corporate profits. Just what we need, more earnings volatility!
Universities Sinking in Pension Abyss?
Submitted by Leo Kolivakis on 11/29/2010 21:21 -0500Canadian university pension plans have fallen into a collective $2.6-billion hole, and may have no choice but to cut services to begin climbing back out of it. And US university pension pans aren't faring better...


