Shares near 7-1/2 month high; oil rebounds
LONDON, March 16 (Reuters) – World stocks held near
the previous day’s 7-1/2 month high on Friday and crude oil
rebounded, sticking with a rally in riskier markets this week
due to robust economic data from both sides of the Atlantic.
U.S. shares gained on Thursday, with the S&P 500
closing above 1,400 for the first time since 2008, partly driven
by strong regional manufacturing data.
Are sovereign wealth funds and pension funds muppets? http://t.co/jVbD6UKf via @sovereignfund
Lose-lose for pension funds as deficit grows http://t.co/ryRF1tom via @reuters
Analysis: Lose-lose for pension funds as deficit grows
LONDON (Reuters) – This year’s surge in equities and other risky assets has been a relief for investors under pressure to boost returns after a dire 2011, but pension funds seem trapped in a low-yield world, aggravating their battle with demographic trends.
Despite equities enjoying one of the best annual starts in 30 years, the giant $35 trillion pension funds industry has seen its chronic funding gap widen this year – reflecting portfolios still laden with the low-return bonds whose yields they use to calculate their future liabilities.
Do you like avocado? Do you like guacamole? Then this is a must see short film http://t.co/3lZhdBJC (yes I am a bit peckish now)
Pension funds already battling with demographic timebomb are digging deeper into their problems this year. http://t.co/COT8tECh
Lose-lose for pension funds as deficit grows
LONDON (Reuters) – This year’s surge in equities and other risky assets has been a relief for investors under pressure to boost returns after a dire 2011, but pension funds seem trapped in a low-yield world, aggravating their battle with demographic trends.
Despite equities enjoying one of the best annual starts in 30 years, the giant $35 trillion (22 trillion pound) pension funds industry has seen its chronic funding gap widen this year – reflecting portfolios still laden with the low-return bonds whose yields they use to calculate their future liabilities.
Re THAT Goldman letter, “Do you consider yourself a sophisticated investor or a muppet? Who is your favourite Muppet?” http://t.co/orMJgH81
State vs entrepreneurial capitalism – Global Investing http://t.co/GeoLfmCl
State vs entrepreneurial capitalism
The post-crisis world has been in part shaped by the growing presence of sovereign wealth funds, which have become an important source of funding with their $4 trillion assets, replacing private equity and hedge funds. But some people are wondering whether state capitalism really is the way forward, to boost the potential growth rate of the post-crisis world.
Robert Litan, senior fellow at the Brookings Institution, believes that in fact it’s entrepreneurs who would play a key role, and it’s important for policymakers to come up with a mechanism to help them.
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