Leo Kolivakis's blog
Did Goldman Sachs Lie?
Submitted by Leo Kolivakis on 04/14/2011 22:44 -0500Eliot Spitzer challenged investment banker Goldman Sachs: "Sue me. You lied to the public. You should be prosecuted". Is Spitzer right?
UK Pensioners Living Below Poverty Line
Submitted by Leo Kolivakis on 04/14/2011 07:07 -0500Rising living costs are causing hardship for British pensioners, with 58% saying they are "just getting by" or worse, according to research. And things aren't better for pensioners living on a tight budget in Europe, Canada and the US...
Process Over Performance?
Submitted by Leo Kolivakis on 04/13/2011 06:06 -0500When evaluating a money manager, what's more important, process or performance? Are hedge funds that sell premium (short vol) better than ones that buy premium (long vol)?
Fully Funded HOOPP Up 13.7% in 2010
Submitted by Leo Kolivakis on 04/12/2011 06:43 -0500All cynics who think DB plans are "dead," should read about how Canada's Healthcare of Ontario Pension Plan (HOOPP) protected assets during the 2007-2008 financial crisis and has successfully run one of the best fully funded pension plans in the world...
Apples and Oranges?
Submitted by Leo Kolivakis on 04/11/2011 06:45 -0500A must read comment on comparing risk across pension funds...
Pension Ruling to Complicate Insolvency Proceedings?
Submitted by Leo Kolivakis on 04/09/2011 07:08 -0500Will this ruling jeopardize Canada's credit markets?
More on Companies Fleeing DB Pensions
Submitted by Leo Kolivakis on 04/08/2011 06:42 -0500Some more thoughts on companies fleeing defined benefit plans...
Canadian Companies Crossing ‘Pension Rubicon’?
Submitted by Leo Kolivakis on 04/07/2011 07:00 -0500Canadian companies have crossed a “pension Rubicon” and are continuing to dismantle traditional defined benefit plans even as the economy improves, according to a review by Towers Watson...
OTPP Gains 14.3% in 2010 But Funding Challenges Persist
Submitted by Leo Kolivakis on 04/06/2011 06:19 -0500The Ontario Teachers’ Pension Plan (Teachers'), the largest single-profession pension plan in Canada, gained 14.3% in 2010 but systemic funding challenges persist...
Canada Pension Myths?
Submitted by Leo Kolivakis on 04/05/2011 07:25 -0500More pension politics up here in Canada and more disinformation on Canada's pension myths...
Sola Dosis Facit Venenum?
Submitted by Leo Kolivakis on 04/03/2011 21:37 -0500The dose makes the poison...
Canada's Demographic Time Bomb?
Submitted by Leo Kolivakis on 04/02/2011 22:20 -0500Another warning about Canada's "demographic time bomb". But I'm more concerned about bombs waiting to explode in the near-term...
US Wants More Disclosure on Pension Funding
Submitted by Leo Kolivakis on 04/01/2011 20:32 -0500A federal board will soon propose that U.S. states disclose more about their pension funding as worries grow whether states and municipalities can pay for their employees' pensions...
CalSTRS' shortfall grows to $56B
Submitted by Leo Kolivakis on 04/01/2011 07:36 -0500The pension system for California's teachers has $56 billion less than it needs to cover the benefits promised to its 852,000 members and their families, the fund reported Thursday, as big investment losses in 2008 continue to reverberate...
"Big CPP" Dragged Into Canadian Politics?
Submitted by Leo Kolivakis on 03/30/2011 21:59 -0500Another federal election campaign in Canada (sigh!) and this time pension politics are front and center...
