On the other hand, it is certain that pension consultant funds of funds of funds and funds of funds and hedge funds will all derive significantly greater compensation from pensions as a result of elaborate hedge fund schemes.
So too for stockbroking, mutual funds, pensions and life and car insurance.
That's because the bonds, which are held by hedge funds, pensions and other insurance companies, are structured in a way that makes hitting the triggers for a loss all but impossible to reach.
The people who got screwed are the Mom and Pop investors on the retail side and the Mom and Pop investors into big pensions and mutual funds who always voted with management every year before and since the financial crisis.
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The public pensions funds and endowments and other institutional investors that entrust money with these firms are often taking the same long-term view on returns that the general partners have preferred.
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As a result, national governments are being urged to consider more private-public partnerships, while new guidelines are suggested to make it easier for pensions funds and sovereign wealth funds to make long-term investments.
Now, as I have mentioned before, UK investors - especially pensions funds and life companies who manage the savings of millions - are becoming much more engaged with the businesses they own and much less unthinking about the way they vote.
First, massive amounts of money are managed in public pensions and these funds have massive benefit obligations to their participants.
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Individual investors, hedge funds, pensions, mutual funds and every other breathing organism on Wall Street continue to have their risk antennas in a fully raised position.
Average investors in pensions and mutual funds whose investors include police, sheriff deputies, firefighters, and first responders, are unwittingly investing in companies that provide critical hard currency, political security blankets, and dual use technology to states, particularly Iran, threatening American security interests.
Actuaries and investment consultants exert tremendous influence over the investment performance of pensions since they advise funds regarding projected liabilities and design investment programs intended to address these obligations.
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Paulson's plan does not protect the investors of these securities--increasingly, as it turns out, public pensions and other public funds.
We believe pensions (and all funds for that matter) should review their investment advisory contracts with managers and consider re-negotiating fees downward.
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That success has helped fund scholarships, pensions, and retirement funds.
By making now the politically necessary divestments of all terror regime-related stocks, they can help impel wider terror-free investing initiatives by state pensions, other institutional funds and private citizens and thus deny our enemies vital cash-flow.
The older generation benefits from public funds, in the form of healthcare and pensions, but younger people have to rely more on "private transfers" of wealth, such as family money, to a far greater extent than in other European countries, he added.
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These servicemen and women are nonetheless being told that they will have to do so with less training, even older gear, fewer funds to maintain it and the likelihood that the pensions, medical care and other benefits they have earned will be savaged.
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Partly by raiding funds reserved for poor, backward castes and public employee pensions.
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Lawyers: Collusion between lawyers representing pensions and other vendors to the funds.
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Municipalities should adopt better accounting standards, dole out saner pensions and start rainy-day funds all of which might help in recessions yet to come.
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One final note: public funds are more likely to retain investment consultants than corporate pensions and consultants generally play a more influential role in connection with their unsophisticated public fund clients.
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Companies are being pressed to pay more into their funds to make good any deficits, and levies charged by the Pensions Protection Fund, a safety net for pension-plan members whose employers go bust, have increased.
The drawbacks related to the funds of funds of funds approach recommended to pensions by their investment consultants today are enormous and can be summarized as follows: a pension may end up having hundreds of millions of dollars or approximately 20% of its assets invested with over 150 largely unregulated high-risk money managers scattered throughout the world whose identities, securities holdings, trading costs and custodians are unknown.
Hedge fund of funds custody arrangements agreed entered into by pensions clearly do not enhance safety and reduce the administrative burden.
Miss five: With the massive funds available we might have expected a relinking of pensions with earnings, and for the money stolen off pensioners by the Conservatives since 1981 to be restored.
Pension consultants, as you know, are important advisers to pensions and exert tremendous influence because they recommend the money managers funds hire.
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Certainly, the government was embarrassed by the collapse of pension funds controlled by the late Robert Maxwell, and by the sale of inappropriate personal pensions by insurance companies.
For one thing, it has been reported that Koni is seeking funds from the Public Investment Corporation, which manages government employee's pensions and is entirely owned by the government.
If the funds are not released within two weeks, the government risks being unable to pay wages and pensions.
The activity potentially harmed the pensions, endowments and other institutional investors that sank money into the hedge funds, because the funds were in essence paying bigger brokerage commissions to get the low rent and other perks, Galvin said.
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