The monetary benefit is clear for waiting until full retirement age to collect Social Security benefits. But happiness is worth consideration, writes Brian Stoffel, and taking benefits earlier might allow activities in a new, more satisfying phase of life.
An increase in the full-benefit age for Social Security from 65 to 67 runs the risk of leaving claimers with a history of low wages below the poverty line if they file early. The Center for Retirement Research's Steve Sass proposes a tweak to the final step in how Social Security sets benefits.
Hedge Fund Research data show 124 net hedge fund closures in the first half of 2016. The net decline is only 1.2%, AIMA says, and the data actually represent individual products.
A Coller Capital survey of 110 limited partners has found that 40% plan to focus more on private equity, with double-digit returns expected from the asset class. A similar percentage of respondents say they plan to curtail or end hedge fund investment in the coming three to five years.
Asset classes have experienced a drop in correlations since Donald Trump won the presidential election, and the collapse "is the best news that hedge funds could have hoped for," Christopher Langner writes. Trump has criticized hedge funds, but his victory could benefit them.
The Pension Reserves Investment Management Board is seeking hedge fund managers overseeing portfolios of less than $2 billion to help Massachusetts establish the Emerging Hedge Fund Managed Account program. The state is looking to strengthen the risk-return profile of its $63.2 billion pension fund.
Blackstone CEO Stephen Schwarzman will be chairman of President-elect Donald Trump's strategic and policy panel. The appointment could signal the incoming administration's growing ties with the private equity sector.
Collateral rules for over-the-counter derivatives trading are set to go into effect March 1 in Australia, Hong Kong and Singapore. The rules are part of a worldwide effort to bolster the safety of such trades.
The fiduciary rule should be delayed to give the next labor secretary the necessary time to examine how it would affect domestic investors, Investment Program Association President and CEO Tony Chereso said. "It is critical that a comprehensive review of its cost, and more importantly, its impact on how financial advice is provided to millions of investors, be completed," Chereso said.
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