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Publication Name: Finance Clippings

Brief description: A Finance Professor's collection of articles, blog posts, and links from around the interwebs.

Publication URL: link

RSS Feed: link

Owner Name: Professor Richard Warr

Joined: November 15th, 2011

Activity

Finance Clippings wrote a new blog post titled Why 8.5% is delusional

I am quoted today in an article on Bloomberg.com about the Connecticut pension fund return assumptions.  The article is here:  https://www.bloomberg.com/news/articles/2017-07-20/connecticut-sinks-deeper-in-debt-as-pension-returns-lag-target So why is an 8.5% return assumption delusional? It's pretty simply really.  Assume that your fund is 50% bonds, 50% stocks.  Currently 10-year Treasuries are yielding about 2.3%.  Let's round that up to say 3% to be generous....
(8 days ago)

Finance Clippings wrote a new blog post titled Will fee cutting hurt the pension fund?

In an article yesterday in the News and Observer (http://www.newsobserver.com/news/business/article161425553.html), David Ranii explores whether fee cutting by the pension fund might hurt future returns. It's a good article, I was interviewed for it, and I recommend that you read it.  I would, however, like to add a small comment/clarification with regard to my comments within the article. While I strongly support attempts by the pension fund to reduce fees, this has to be done in a...
(13 days ago)

Finance Clippings wrote a new blog post titled Folwell reduces fees by $50m

Some good news from the Treasurer's office.  Apparently our new Treasurer has reduced fees by $50 million so far.  He reports that he's on track to hit $200 million by the end of his first term. http://www.newsobserver.com/news/business/article155868344.html This is great news.   I am sure we will be digging into the numbers when the annual report comes out, but for now, this is a great start.
(44 days ago)

About:

Professor Richard Warr is an Associate Professor of Finance at North Carolina State University. He teaches MBA investments and portfolio management and his academic research covers investments, risk management and capital structure.