Equity investment managers don’t just represent the interests of their clients by buying and selling stocks. They also represent their interests through proxy voting; voting on Boards of Directors and resolutions related to how the …
March 5th, 2013
February 18th, 2013
Annuity Purchases for Pension Plans
The current economic environment is particularly challenging for defined benefit pension plans. Many plans have to fund according to the solvency test, using asset market values and long-term bond rates to discount liabilities. The current …
January 28th, 2013
Accounting Matters – Old Age Security
When Old Age Security was changed in the Federal budget last year some people asked me whether the cuts were necessary. That is a difficult question because almost all government spending decisions are choices rather …
January 7th, 2013
The Impact of Aging on Investment Returns
I originally wrote this article in May 2011. I think that it remains relevant today: feel free to disagree (or agree) in the comments below. Suppose you were told that you would live to 120. …