There is more indication that, if Carney was Spend-Every-Penny’s lapdog, Poluz will be his parakeet: The two previous Bank of Canada governors, Mr. Carney and David Dodge, were unafraid to engage on subjects that didn’t …
Search Results for: performance
June 6, 2013
NextEra’s legal tactics and understanding of the word “terror” terrify me. The losing streak on the Canadian preferred share market continued today, with PerpetualPremiums losing 17bp, FixedResets down 14bp and DeemedRetractibles off 11bp. The performance …
June 5, 2013
The SEC is continuing to tiptoe around Money Market Mutual Fund reforms in an effort to please their future employers at the fundcos: The SEC’s proposal includes two principal alternative reforms that could be adopted …
June 4, 2013
Europe is escalating the war on bankers, with proposed rules on fund manager bonuses and performance fees: European Parliament lawmakers will delay voting on rules to curb fund manager bonuses as they continue to tussle …
June 3, 2013
Julie Dickson gave a speech to the Institute of Internal Auditors: This is not due to any particular incident, but rather seems to reflect a range of factors. Audit firm regulators such as the Canadian …
MAPF Portfolio Composition: May 2013
Turnover remained very low in May, at about 3%. There is extreme segmentation in the marketplace, with OSFI’s NVCC rule changes in February 2011 having had the effect of splitting the formerly relatively homogeneous Straight …
May 31, 2013
New York City may bring its pension management in-house: New York City’s $140 billion retirement system pays Wall Street money managers about $360 million a year, the only one of the 11 biggest U.S. public-worker …
May 30, 2013
S&P has a negative outlook on Ontario: •In our view, Ontario continues to have a large, wealthy, and well-diversified economy; ongoing transfer payment support from the federal government for various social programs; adequate liquidity support; …
May 29, 2013
Nothing happened today. PerpetualDiscounts now yield 4.94%, equivalent to 6.42% interest at the standard equivalency factor of 1.3x. Long corporates now yield 4.16% so the pre-tax interest-equivalent spread (in this context, the “Seniority Spread”) is …
May 28, 2013
Great news! The Ontario Securities Commission is poised to use its awesome power for some good old-fashioned top-down social engineering: Ontario is crafting new rules requiring public companies to set targets for the number of …