Asset

Warren Buffett expressed his concerns about budget deficits and inflation risk in a recent New York Times op-ed piece. Asset managers at Pictet and Cie which is Switzerland's largest private bank also have concerns about inflation in the United States, and they are backing this view with part of the $60 billion in fixed income assets that they manage. Pictet is committed to periodic purchases of treasury inflation protected securities ( TIPS ) in light of their inflation thesis. Recent and...

Some of the world's largest pension funds are decreasing the amount of funds dedicated to stocks. Included among the list of pension funds adjusting asset allocations are well known names such as The California Public Employees' Retirement System (Calpers), The California State Teachers' Retirement System (Calstrs), the Dutch government retirees fund, and the South Korean private sector employees fund. Painful and persistent equity losses over the past decade have prompted many of these large...

Evan Cooper writes that investing is less relevant to a comfortable retirement than most people think. Appropriate levels of saving and spending are the real drivers of adequate retirement resources. Not necessarily something that the asset management and accumulation industry wants to acknowledge, but the views expressed make perfect sense. This poses a challenge for advisers, because investing has sex appeal and most schnooks are under the impression that finding the right investment or the...