Hints and tips:
Related Special Reports
...Yet in the fourth quarter of 1974, fearful insurance companies, pension funds, investment trusts and unit trusts together sold more shares than they bought for the first and last time during the decade....
...For the PE shop, the crucial thing is that an insurance subsidiary gives them direct access to retail investors’ capital, which normally they are only allowed to access indirectly, through big pension funds...
...Valuation gaps are most apparent in listed private equity trusts, which trade on stock exchanges and should trade close to the value of their assets....
...“Without them it’s going to be more expensive for the government to issue paper, and more expensive for pension funds to trade. There is a reason this ecosystem exists.”...
...An important one is called the Treasury Borrowing Advisory Committee, which includes some of the biggest players in the market: Think global banks, Vanguard, Fidelity, hedge funds, and even a public pension...
...When rates went up, pension funds saw the stock market go up and rates go up. A lot of pension funds had not been fully funded....
...pension deals....
...That’s things like pension funds and university endowments. They give money to VC firms and hold stakes in portfolios of start-ups indirectly. This is . . ....
...If it was doing well in gold bullion, it could push into other metals....
...Rules requiring companies to hold pension deficits on their balance sheets have encouraged them to move pension funds into bonds and, worse, liability driven investment funds, whose merits are very dubious...
...An indication of this came with the liquidity crisis in the UK gilt market last autumn, in the wake of a Budget under Liz Truss’s government that wrongfooted many pension funds which pursued so-called “liability...
...fund GIC....
...UK regulators have ordered Northern Trust to improve its operating systems after the US custody bank was overwhelmed by the demands of processing margin calls during recent pension fund turmoil....
...which in this case would be index funds or if you’re holding shares, which would be ETFs or investment trusts if you’re thinking about active funds....
...The UK gilt market meltdown is a prime example: UK pension funds had bought derivatives as part of a strategy known as liability-driven investing....
...This stable framework has allowed Heathrow to fund itself almost entirely with debt....
...Working in borrowed office space, Black put together a new venture and set out to change the way that insurance companies, pension funds and foreign governments invest the trillions of dollars they control...
...funds....
...FRANK Uh-huh, what, the pension-fund guys? KENDALL Yeah. What do they think of me, Frank?...
...It focused on the Alameda balance sheet, rather than FTX. FTX is an exchange, whereby you trade assets. Alameda is a prop hedge fund, totally separate, and they trade their own balance sheet....
...The impact on world trade in general will be substantial....
...Domestic demand is more of a challenge: Japanese households are net sellers and the Government Pension Investment Fund (GPIF) has maxed out its domestic equity allocation....
...BREIT is now a central plank in Blackstone’s attempt to broaden out from selling its funds to big institutions like sovereign wealth funds and pension plans to “ordinary” (ish) investors....
...Where trust deeds permit, pension schemes are now required to change the indexation benchmark to the more realistic consumer price index....
International Edition