Tags » Capital Markets

(P&I) CalPERS - The Benchmark For Pathos

Drama. The California Public Employees’ Retirement System (CalPERS) currently has $300 billion under administration, 3,000 employees and another 30,000 who are retired and drawing benefits, and 1.7 million paying clients and pensioners; it is one of the largest private pension plans in the World and it pays a defined benefit based on salaries and service for both pensions and medical benefits – and we say that it is the “Benchmark For Pathos” (pathetic) and, in our view, “criminal” or “indictable” because they might just as well steal the money from their clients who are “captive” to this system but there isn’t anything that we can say or do that will change that ( 1,056 more words

Capital Markets

29 July 2015 (AFR) - South Korea listings approach record high

(29 July 2015, AFR, p22, by Song Jung-a)

‘South Korea’s equity capital markets are booming, with the volume of initial public offerings set to reach a record high this year as companies rush to raise funds against a backdrop of less red tape and robust investor demand.’ 10 more words

1.Market Observations

(B)(N) What's A Girl To Do?

Drama. The simplest investment strategy that we know is to just buy and hold stocks, any stocks although some are better than others in a simple way that we’ll talk about below but almost no one agrees with that “investment strategy”. 1,721 more words

Capital Markets

Myanmar Brewery Valuation

Yesterday, the Singaporean arbitrators valued Fraser and Neave’s 55% stake in Myanmar Brewery at 500 billion kyats. Both claimants are still disputing what this kyat amount translates to in dollar terms (as kyat has depreciated in value as much as 40pc during the course of this legal dispute). 611 more words

Corporate Advisory

Why your stockbroker is not a fiduciary

In the Dodd-Frank Act, Congress mandated that the SEC consider raising the bar for all stockbrokers and registered investment advisers (“RIAs”). The Commission responded with a recommendation that all stockbrokers and RIAs be held to a fiduciary’s standard of care. 500 more words

Capital Markets

Investing by yourself– Do you know what you are doing?

I always shudder when someone tells me that they are managing a few million dollars of their own money through a discount brokerage firm. Do they actually know what they are doing? 537 more words

Capital Markets

Due Diligence and Reg. D

Due diligence was originally a judicial construct that provided a defense for underwriters who were jointly and severally liable for fraud perpetrated by the companies they brought to market. 832 more words

Capital Markets