The Dallas Pension Fiasco Is Just the Beginning Guest post by Jonathan Rochford, CFA, Portfolio Manager, Narrow Road Capital Pty Ltd. The recent blow-up of the Dallas Police and Fire Pension System was entirely predictable. Whilst it is tempting to blame unusual circumstances for the recent lock-up of redemptions and likely substantial reductions to pensions for those still in the fund, many other American pension funds are heading down the same road. The combination of overpriced financial markets, inadequate contributions and overly generous pension promises mean dozens of US local and state government pension plans will end up in the same…
On This Page
- Hedge Fund Pension Investments Under Pressure In ..
- World's Biggest Pension Fund is Collapsing -
- 2016 Hedge Fund Letters
- Dallas Pension - Recent Events
- Dallas Pension - The Interplay of Political Decisions and Financial Reality
- Dallas Pension Isn’t the First and Won’t be the Last
- Default is Almost Inevitable as the Weak get Weaker
- Dallas Pension - Will be Reduced, but Bondholders Will Fare Worst
- Dallas Pension Canary In Coal Mine? The Next Crisis Will Trigger an Avalanche
- Dallas Pension - Conclusion
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