News
Presentations
CPPF
will be hosting a Spring Forum on May 1st, 2008 at the at the Crowne Plaza Hartford - Cromwell (formerly Radisson). Topics include: "“Economic Update”, “Mortgage Back Meltdown – What Happened and How can Pension Plans take Advantage of it?”, "The Pessimist, The Optimist, and the Realist: An Outlook for 2008", and “Ratings and the Capital Markets”. Hope to see you there!
Articles
Dual Economies: The Developing Storm By William W. Priest. In many of our prior white papers and in our recent book, Free Cash Flow and
Shareholder Yield- New Priorities for the Global Investor, we’ve discussed the unique set
of economic circumstances that define our current investment landscape. Now, as a
recession becomes increasingly likely in the near- to medium-term, it is important to
identify the dual drivers of the scenario at hand. There are, in other words, two sides to
the story in which we now find ourselves: the real economy and the financial economy.
"Report
of the Task Force to Study the Funding Practices Used to Finance Municipal
Retirement Systems" A 1997 survey conducted by the Task Force concluded
that most of the responding retirement systems were in good financial
condition. The Task Force report did identify an unfunded pension
obligation of $1.2 billion for 65 entities with over 75% of that amount
concentrated in 13 entities. The full text of the findings and recommendation
of the Task Force are found here as well.
