Credit Suisse Prediction: With US Default, Stocks Drop 30%, Economy Contracts 5%
According to Credit Suisse, worries about US public finances will likely bring investors to focus on ultra-safe equities.
Search results for: Moody's
CalPERS Joins Big US Pensions in Urging Obama, Congress to Act Swiftly on Federal Deficit
Public pension funds have called on the President and Congress to act immediately on the US deficit to avoid a downgrade.
Amid Debt Ceiling Worries, Moody's Suggests Elimination
Ratings agency Moody's has suggested that the United States eliminate its limit on government debt to lower uncertainty among bondholders.
S&P Announces Potential Downgrade of US Bonds
Credit rating agency Standard & Poor’s announced yesterday that it may downgrade US Treasury bonds from their current AAA rating if the large-looming debt ceiling problem is not resolved.
New Jersey Union Files Lawsuit Over Pension Payments, Claims Workers' Constitutional Rights Were Violated
A New Jersey labor union has sued the state, asserting that Governor Chris Christie failed to make sufficient payments to the state's pension funds.
With Deteriorating Financial Situation, Moody's Slashes Illinois County Rating
Moody's Investors Service has given Illinois' biggest county a rating downgrade.
SEC Investigates Credit-Rating Firms for Contributing to Financial Collapse
The US regulator could file civil charges against some rating agencies for their role in rating mortgage-bond deals that fueled the financial crisis.
Preqin Blames Madoff for Hedge Fund-of-Fund Downfall
As the overall hedge fund-of-funds industry has dropped from $1.25 trillion in 2008 to $910 billion as of Q2 2011, Preqin blames the changes in the industry on Bernie Madoff, saying investor caution has heightened following his multi-billion Ponzi scheme.
Survey: Hedge Funds With Minimal Lockup Periods Woo Investors
Investors are increasingly turning to hedge funds with short lockup periods, a study by Goldman Sachs Group reveals.
Study Shows Large US Pensions to Boost Direct Hedge Fund Allocations
Pension underfunding is driving heightened interest in both hedge funds and fund-of-funds, according to a recent white paper.
Moody's Report: With Growing Pension Popularity, Hedge Funds Must Alter Strategies
A report by Moody's Investor Service shows that as pension funds increase their allocation to alternatives, hedge fund managers will have to lower fees, change their business strategies and reduce their risk tolerance.
Japan's PFA Pressured to Boost PE Allocation
Similarly to Japan's Government Pension Investment Fund (GPIF), the chief investment officer of the country's Pension Fund Association (PFA) has said it must take on more risk to improve returns as the proportion of people over 65 years old in Japan stands at a record 21%.
Moody's Foresees Dire Future for NJ Pension
Even with New Jersey Gov. Chris Christie’s proposed public pension reforms, Moody’s Investors Service warned that the state's pension system, which is already the 7th-lowest funded in the US, will continue to deteriorate.
Japan's GPIF Calls on Gov't to Rein in Mounting Public Debt
Chairman Takahiro Mitani of the world's largest pension fund has warned Japan that it must resolve its debt problems before it reaches a crucial point in five to 10 years.
Moody's Criticizes Pension Reforms in Hungary
Ratings agency Moody's has weighed in against Hungary's renationalisation of its pension funds.