OCTOBER 23, 2015

OCTOBER 23, 2015

401(k) STYLE RETIREMENT PLANS

• Get Ready For Big 401(k) Plan Changes
• DC Beats DB – For the Most Part
• Labor aims to complete fiduciary rule by mid-2016
• Washington officials call for new retirement ideas

PENSION PLANS

• New PBGC Director Discusses Initiatives
• You’ve Been Offered a Ton of Money. Should You Take It?
• DPS makes state pension payment, vows to pay $100M debt
• NYC’s Pensions to Fund Managers: We Want ‘Full Transparency’ on Fees

PERSONAL FINANCE

• Straightest Course to Riches – Parents
• Advisors could be overlooking strategy for pre-retiree and retiree clients
• Today’s young people may be part of workforce into their 70s
• Millennial retirees face ‘Depression’
• Millennials Lag in Savings and Financial Planning Basics. Why?
• Advisers often don’t recommend annuities, despite client focus on income
• Innovative techniques used to teach kids about personal finance
• For Investors, How Much Savings Justifies an Advisor?
• Long-term care insurance requires long-term planning

HEALTH CARE

• The US healthcare system is a fatal accident waiting to happen
• Why Making A Profit In Health Care Is Good
• Some low-wage employees pass on employer-sponsored health plans

ECONOMICS AND ASSET MANAGEMENT

• US-based bond funds see first weekly inflows since July
• Managers view emerging markets slowdown as largest market risk
• Yields on lower-rated securities surge
• Expanding mobile-banking market attracts additional players
• Investors fret over debt-ceiling brinksmanship
• Small Maine college tops bigger endowment rivals

ALTERNATIVE INVESTMENTS

• Hedge funds suffer biggest quarterly drop in assets since 2008
• NYSE Pleads for Rules to Make Hedge Funds Reveal Short Positions
• State treasurers focusing on private fund fees, financial literacy
• Private equity goes after the global consumer

Jeffrey H. Snyder  

President & CEO
The Morning Pulse, Inc.
jeffrey.snyder@themorningpulse.com

OCTOBER 22, 2015

OCTOBER 22, 2015

Staying Ahead of the Curve – Interview with Peter Kapinos | Part III of III
In this episode, Peter Kapinos, Head of Client Engagement at Empower Retirement continues the conversation discussing the importance of plan transitions/implementations to ensuring employee engagement and improving retirement outcomes.

401(k) STYLE RETIREMENT PLANS

• Easier to achieve 80% salary replacement ratio through 401(k) plans
• Employees’ Health Insurance Costs Reduce Retirement Savings: Survey Says
• Nearly half of Americans are underprepared for retirement
• The 401(k) Crisis Is Getting Worse
• Is My Client Required to Have an IPS?
• Is Retirement Industry’s Focus on Costs Too Much?
• Companies increasing dollar-for-dollar 401(k) matches
• Stable value assets hit a record high of $770 billion in the US retirement market
• IRS Says 401(k) Limit to Stay $18k for 2016, Announces 2016 Pension Plan Limitations
• Labor aims to streamline fiduciary rule

PENSION PLANS

• Emanuel’s property tax package for pensions clears key hurdle
• Milton Friedman’s Solution for Social Security Would Work for Government Pensions Too
• Moody’s warns of teacher pension risk to NJ school districts under Christie plan
• Lawmaker Says Central States Rescue Not Only Option

PERSONAL FINANCE

• The Over The Hill Bonus
• Generation X seeks advice and Y wants to buy online
• Many fail to plan for LTC costs
• Advisors, Consumers Need More Information on Long-Term Care Planning
• Financial wellness programs now a ‘must have’
• Is the future for robo-advisors bright or a bust?
• Retirement strategies – based on your birthday?

HEALTH CARE

• Healthcare.gov officials race to fix new features before Nov. 1
• Getting Bundled Payments Right in Health Care
• Fewer companies offer extra health care benefits to top executives
• When hospitals buy doctors’ practices, patients pay

ECONOMICS AND ASSET MANAGEMENT

• U.S. Housing Starts Rise on Multifamily Construction
• Pace of new-car sales will slow in 2016
• Liquidity-risk rules for banks increase asset prices
• Do We Need a Price Index for the Elderly?
• High payout rates jeopardize endowments, foundations
• Deposits Environment: Banks Have the Upper Hand
• Analysts see evidence of brighter 2016 for commodities

ALTERNATIVE INVESTMENTS

• Hedge Fund Industry Assets Decline by Most Since Financial Crisis
• Hedge fund exit requests drop in October
• Q3 reading of hedge fund performance index drops into negative territory
• Growth of global real estate assets returns to pre-crisis rate
• REITs Promise Shelter in a Stormy Market

Jeffrey H. Snyder  

President & CEO
The Morning Pulse, Inc.
jeffrey.snyder@themorningpulse.com

OCTOBER 21, 2015

OCTOBER 21, 2015

Staying Ahead of the Curve – Interview with Peter Kapinos | Part II of III
In this episode, Peter Kapinos, Head of Client Engagement at Empower Retirement continues the conversation discussing the importance of plan transitions/implementations to ensuring employee engagement and improving retirement outcomes.

401(k) STYLE RETIREMENT PLANS

• U.S. Retirement Ranking Slips Again
• Northeast better suited for retirement than rest of country
• A New Player in the Retirement Industry
• Hearing testimony highlights industry concerns over Labor fiduciary rule
• Pension group wants to improve Labor’s fiduciary proposal
• TDFs Start to Go Global
• Turbocharge Your 401(k) With An Adviser
• RIAs Dominate Retirement Plan Market

PENSION PLANS

• Five Reasons Why Traditional Pensions Are Still the Best Way to Provide Retirement Security
• Teamsters Central States Pension Fund Puts PBGC in Jeopardy
• Moody’s warns on pensions as Rauner floats idea
• Ageism in US workplace: a persistent problem unlikely to go away
• Brazil Pension Crisis Mounts as More Retire Earlier, Then Pass Benefits On

PERSONAL FINANCE

• What to do when you’re 47 and have nothing saved for retirement
• Want to retire in your 40s? It’s not impossible
• How Much Does Life Insurance Really Cost?
• 5 Ways Women Get Screwed In Retirement
• Planning for retirement for multiple generations
• When It Comes to Retirement Savings, Most Workers Are on Their Own
• Consider This Before Treating Your 401(k) Like an ATM

HEALTH CARE

• The Problem With Tying Health Care To Trade

ECONOMICS AND ASSET MANAGEMENT

• Weakening Global Economy Spreading To U.S. Economy As Virus Multiplies
• Global factors seen muting market reaction when US raises rates
• Multifamily fuels housing starts’ 6.5% increase in Sept.
• IPO market turns skeptical on startups with huge valuations
• US investors step in as China switches to selling US debt
• Money funds move into Treasurys ahead of rules
• Some lawmakers take hard-line stance on debt-ceiling hike
• Institutional investors own nearly half of private funds
• Greece works toward next rescue payment

ALTERNATIVE INVESTMENTS

• Hedge funds on track for worst year since 2011
• Event-Driven Funds Outperform For Second Consecutive Week
• Funds’ Hot Money Gets Burned in Energy Trade
• SEC’s Mary Jo White Hammers Hedge Funds Lack Of Fiduciary Duty
• Hedge Funds Smell Blood in the Student Debt Market
• Hedge Funds Reduce Short S&P500 Exposure, Rotate Into Treasuries & Commodities
• Success pushing some private equity firms into uncharted waters
• Worldwide real estate asset growth spectacular again
• Stock Discounts Fuel Resurgence in REIT Mergers
• Double-digit returns likely for CRE sectors this year

Jeffrey H. Snyder  

President & CEO
The Morning Pulse, Inc.
jeffrey.snyder@themorningpulse.com

OCTOBER 20, 2015

OCTOBER 20, 2015

Staying Ahead of the Curve – Interview with Peter Kapinos | Part I of III
In this episode, Peter Kapinos, Head of Client Engagement at Empower Retirement sits down with Jeff to discuss the importance of plan transitions/implementations to ensuring employee engagement and improving retirement outcomes

401(k) STYLE RETIREMENT PLANS

• The State of Retirement
• From academia to plan design
• Market offers 401(k) plans lesson on company stock
• Are Plans Dumping Proprietary TDFs?
• Labor to further revise fiduciary proposal
• Gen Y vs. Gen X: Who gets an A in 401(k) study?
• Is Wall Street Eating Your 401(k) Nest Egg?

PENSION PLANS

• Creating Individual DBs With State Support
• Health of US pension system deteriorates
• The next ‘keeper of the public purse’
• Teamster pensions go off road
• Pay up now or pay more later
• While rethinking pensions, push fairness among teachers

PERSONAL FINANCE

• To Age Well, Change How You Feel About Aging
• Retiring on schedule can be tricky
• Employees have difficulty managing benefits, personal finances
• How Much Retirement Income Will You Need? Maybe Less Than You Think

HEALTH CARE

• Employers offer reward to shop around for health care
• How to judge the value of an employer-sponsored health plan

ECONOMICS AND ASSET MANAGEMENT

• US economic indicators not all gloom
• US consumer mood brightens
• What will the labor force of the future look like?
• Big banks no longer welcome large corporate cash deposits
• China’s Growth Rate Slows to 6.9% in Q3
• Asian deflation ‘to prove temporary’
• New book dives into Wall Street’s shady dealings
• Testing the Limits of Manager Selection
• High payout rates jeopardize endowments, foundations

ALTERNATIVE INVESTMENTS

• US alt managers risk catching energy before it bottoms
• US alleges some hedge fund managers not serving clients well
• SEC Head Talks Hedge Fund, Private Equity Regulation
• Record number of private equity firms being born in 2015
• REITs attract acquisition offers as share prices are below net asset value
• Money managers post 20% growth in global real estate assets

Jeffrey H. Snyder  

President & CEO
The Morning Pulse, Inc.
jeffrey.snyder@themorningpulse.com

OCTOBER 19, 2015

OCTOBER 19, 2015

401(k) STYLE RETIREMENT PLANS

• This Could Be the Most Terrifying Retirement Statistic Yet
• Contractors blame downturn for theft of retirement funds
• How companies are making employees save for retirement
• Setting the Record Straight on the DOL’s Fiduciary Proposal
• DOL, industry spar over cost estimates for fiduciary rule
• Spending Bill Rider May Be Best Way to Stop DOL Rule
• Should the Dept. of Labor Be Giving Investment Advice?
• DOL Rule Will Devastate Participant Education
• No Social Security COLA means flat DC limits, too
• Recordkeepers court RIAs with innovation
• Data and Technology Key to Fighting Margin Pressure
• Why Most Small Business Owners Do Not Have Qualified Retirement Plans
• The New State Retirement Savings Plans: Public Options vs. Corporate Business Development
• The Recession Hurt Americans’ Retirement Accounts More Than Anybody Knew

PENSION PLANS

• Short of money? Short the pensions — again
• Why Scrapping Public Worker Pensions Is A Bad Idea
• Most California cities back new pension strategy despite cost
• Pa. pensions take bigger risks – because they have no choice
• Police pensions cause tension for municipalities
• Bad year for NH pensions: No more raises until it’s fixed
• New York City pension fund returns plunge
• Illinois to delay pension contributions with ongoing budget stalemate
• Retired truck drivers could see their pension checks cut in half
• Cost-of-living Adjustment Is What Needs Adjustment
• Creating Individual DBs With State Support

PERSONAL FINANCE

• Five unexpected shocks that could hurt your retirement
• The retirement costs that are rising faster than Social Security benefits
• Low Rates Eating Into Retirement Income
• Retirement has changed, but still possible
• Warning To Retirees: A Strong Dollar Is Here To Stay
• Financial planning for boomer parents and millennial kids
• Difficult retirement choices ahead for baby boomers
• What advisers need to know about the most complex type of annuity
• Don’t Let Clients’ Money Die Before They Do; Avoid Longevity Risk
• Why Poor Planning = Disaster
• When Couples Argue About Retirement

HEALTH CARE

• Are You A Patient Or A Healthcare Consumer?
• Are schools cutting hours because of Obamacare?
• A Looming Tax on High-End Health Plans Draws Fire
• Doing predictive analytics? You might be doing it wrong

ECONOMICS AND ASSET MANAGEMENT

• Market volatility on tap as US Fed splits on rates
• Interest Rates To Rise Sooner, Not Later, Says Central Banker
• Investors want more forward guidance from central banks
• Heavy borrowing by US corporations raising concern
• US budget deficit falls to lowest level since 2008
• Is Brazil A Harbinger Of What’s To Come For The U.S.?
• This research shows China’s economy is much larger
• Bush, Clinton are Current Wall Street Favorites, Donations Show
• Bankruptcies Stay Flat for Fourth Straight Quarter
• Audit Deficiencies Linked to M&A Surge
• How Institutional Investors Are Changing The Fund Industry
• Why investors need to diversify away from ‘branded’ mainstreamfunds
• Lew warns US will hit debt ceiling sooner than expected

ALTERNATIVE INVESTMENTS

• Why to Invest in Alternative Investments
• What is the Right Allocation Percent to Alternatives?
• Hedge Funds Returning To Russian Ruble As Oil Stabilizes
• SEC’s hedge fund reviews show advisors keeping trades for themselves
• Hedge Funds’ Critical Role in Anti-Money Laundering
• Are Mutual Funds Losing Best Managers To Hedge Funds?
• Hedge funds are delivering financial-crisis performance — but there is no financial crisis
• All Six Hedge Fund Replication Indices Down in September
• Hedge fund performance fees decline sharply
• Challenging Private Equity Fees Tucked in Footnotes
• Has US Housing and Real Estate Finally Recovered?
• REITs undervalued, primed for ‘rediscovery’
• Challenges Facing Sovereign Wealth Funds
• Sovereign wealth funds are flogging assets – and that means big trouble
• World’s largest SWFs shed European equities

OCTOBER 16, 2015

OCTOBER 16, 2015

401(k) STYLE RETIREMENT PLANS

• Why You Should Care About the Retirement Crisis, Even If You’re in Your 20s
• Why TDFs are the best professionally managed 401(k) plan option
• Retirement Benefits At Risk
• The Biggest Impact of DOL’s Fiduciary Rule on Plan Sponsors

PENSION PLANS

• Who will save N.J. pensions?
• Corporate pensions will need massive market rally to meet numbers
• Pensions wise to set low limit on hedge fund exposure
• Why this pension giant may cut investment goals
• Bad year for NH pensions: No more raises until it’s fixed
• Virginia’s state, teacher pension plan funding improves
• Illinois to delay pension contributions with ongoing budget stalemate
• Managing Investment Risk in Cash Balance Plans
• Why Deflation is Bad for Pensions
• Pensions protesters block Greek ministry ahead of vote in parliament

PERSONAL FINANCE

• Fiduciary rule would affect fee-based advisers
• Are You Leading on Outcomes?
• A huge wealth disparity between baby boomers and millennials
• Why the Next Generation Absolutely Must Double Its Savings Rate
• No Kids? You Still Need an Estate Plan
• Say What? ‘I’ll Never Buy Life Insurance Because…’
• Your Ticket to A Fatter Retirement
• The quiet mortgage changes impacting financial planning

HEALTH CARE

• AHIP surveys find ‘Cadillac tax’ a drag on employers
• Employers Offer Cash to Push Shopping Around for Health Care
• High-deductible Health Plans on the Rise
• Free Help Navigating the Medicare Maze

ECONOMICS AND ASSET MANAGEMENT

• Fewer managers expect interest rate hike this year
• Fed sees economic harm from strong US dollar
• US inflation data, sales point to wobbling economy
• US business inventories unchanged, sales fall
• US-based bond funds post 11th straight week of outflows
• Deadline to raise US debt ceiling nears
• Slow foreclosures cited in 66% spike in repossessions
• Irrational Fears You Can Bank On
• The Stanford Endowment Experiment

ALTERNATIVE INVESTMENTS

• Growth of alternative options benefits investors
• Boring Banks and Vanishing Hedge Funds
• Commercial Real Estate: Percolating, Not About to Blow
• Cities and private equity firms fight over ownership of water systems
• Did Janet Yellen Green-Light Investors To Buy REITs?
• Silly Rabbit, REIT Dividends Are Highly Rated
• REITs: Are Big Backers Like Sovereign Wealth Funds And Pensions Good Or Bad?
• Oil Price Collapse Fuels SWF Equity Sales

Jeffrey H. Snyder  

President & CEO
The Morning Pulse, Inc.
jeffrey.snyder@themorningpulse.com

OCTOBER 15, 2015

OCTOBER 15, 2015

401(k) STYLE RETIREMENT PLANS

• Automatic 401(k)s boost savings for millennials
• 401k to Health Care: How to Save Money This Open Enrollment
• September Swoon Sends Flows to Fixed
• Inactive Vendor Accounts Counted Toward Cashouts?
• Most 401(k) plan members want advisers to be fiduciaries
• Not-for-Profit Retirement Plans Delivering Retirement Readiness
• Just offering target-date funds not enough for record keepers 

PENSION PLANS

• State Pension Funding Levels in US Improve for a Second Year
• State pension funding levels rise across US—except you-know-where
• States and Municipalities Must Reform Public Pensions
• CalPERS says risk policy will strengthen pensions
• Actuaries find Americans continue to live longer
• Cops Retiring in Their 40s While Pension Systems Break Cities’ Backs
• Multiemployer pension obligations could drop under new law
• Proposed draconian cuts to Teamsters’ pensions draws fire from retirees, who vow action

PERSONAL FINANCE

• Aid to parents adds to millennials’ financial woes
• Your long-term financial plans are absolutely frightening
• Paper cites shortcomings of “robo-advisers”
• Possibility of FINRA oversight concerns RIAs
• Should You Pay Off That Mortgage Before Retirement? Not Necessarily

HEALTH CARE

• Americans spend the most on health care, but have the lowest life expectancies
• How the US Can Reduce Waste in Health Care Spending by $1 Trillion
• Employers eye private exchanges to manage costs

• New Estimates of Eligibility for ACA Coverage among the Uninsured
• New ACA definition allows small employers to continue as large group insurance plans

ECONOMICS AND ASSET MANAGEMENT

• Low inflation a good reason to delay rate rise
• Looking At The Bond Markets: Growing Weaknesses?
• Void in Treasury Market-Making Being Filled by Alternative Liquidity Providers
• Economist sees historic flub in the making at US Fed
• Volatility hits investor confidence
• China’s September imports plunge
• China may ignite new fears of global deflation
• The Absurd Economics Of The Fossil Divestment Campaign
• Is hedge fund pain small investors’ gain?
• Index reveals concern about “black swan” events

ALTERNATIVE INVESTMENTS

• Broad Hedge Fund Index Down -1.41% in September
• As Some Hedge Funds Sink, the Challenge Buoys Others
• Hedge Funds Elbow Way Onto Dealer Treasury Trading Systems
• October Fails to Repair Damage for Battered Hedge Funds
• REITs expected to outperform S&P 500 over next year
• REIT Dividends Are Overrated
• Liquidity, leverage and capital costs nibble at REITs’ otherwise strong credit profiles
• Oil Price Collapse Fuels SWF Equity Sales
• Should markets fear the great sovereign wealth fund liquidation trade?

OCTOBER 14, 2015

OCTOBER 14, 2015

401(k) STYLE RETIREMENT PLANS

• A Lesson for US Defined Contribution
• Record Keepers’ Proprietary TDFs Losing Favor with Advisors
• Revisiting Company Stock in Defined Contribution Plans
• The critical retirement cost many advisers aren’t discussing with clients
• The One 401(k) Power Move Worth A Nobel Prize

PENSION PLANS

• Low inflation may mean no increase in Social Security benefits
• Candidates vague on how they will balance budget
• Bill would help Wisconsin workers save for retirement
• I was overpaid by my pension. Now I owe $67000
• Pension rule still a quandary for public officials
• Pensions loom large in city budget

PERSONAL FINANCE

• The biggest financial challenges for US households
• Disconnect Between Financial Perception and Reality
• Desire for Human Adviser Still Strong
• Financial readiness scores now being offered by some banks
• Millennials Motivated to Plan for Future, but Feel Overwhelmed by Options
• No Tax on Your Estate? You Still Need a Plan

HEALTH CARE

• Medicare’s Open Enrollment Checklist
• How Bundled Health Care Payments Are Working in the Netherlands
• How Government Regulation Is Undermining Mental Health Care
• Attack defensive medicine to reduce healthcare costs

ECONOMICS AND ASSET MANAGEMENT

• Fed should wait on raising rates
• What’s driving this extreme market volatility?
• Market volatility puts IPO plans on ice
• U.S. Oil Output To Decline in 2016
• US banks again building reserves
• 3 signs seen pointing to global downturn
• Bond market flags danger ahead
• ECB stimulus is hopeful sign amid gathering gloom
• Emerging markets’ liberalization pullback seen as negative factor
• Stocks Favored by Hedge Fund Managers Underperform Rivals
• Volatility as an asset class
• Evaluating the value of active management

ALTERNATIVE INVESTMENTS

• The Ups & Downs of Alternative Investing.
• Structuring a hedge fund to be ready for growth
• US hedge funds’ favorite stocks lose more than rivals
• US Hedge Funds: Building on historical strengths
• Hedge Funds Sell Equities and Treasuries, Buy Commodities
• Africa Risks Bubble in Private-Equity Market
• California Treasurer calls for private equity fee disclosure
• Real estate is best major market for investors
• Should markets fear the great sovereign wealth fund liquidation trade?

Jeffrey H. Snyder  

President & CEO
The Morning Pulse, Inc.
jeffrey.snyder@themorningpulse.com

OCTOBER 13, 2015

OCTOBER 13, 2015

401(k) STYLE RETIREMENT PLANS

• Defined contribution plans continue finding ways to cut their fees
• While You Were Obsessing Over the Fiduciary Proposal…
• Why It’s So Hard to Know How Much Retirement Savings Is Enough

PENSION PLANS

• Legislation can keep pension plans funded
• When pensions implode: Silicon Valley’s lesson for New York
• Corporate Pensions Likely to Miss 2015 Return Expectations
• Retirement system investment return drops
• Size of lump-sum retirement payouts still undecided
• Pimco sued over staff pension plan costs

PERSONAL FINANCE

• Dos and Don’ts for Late-Start Retirement Savers
• Can “robo-advisers” fulfill fiduciary duty?
• Can you trust your bank for investment advice?
• Millennials More Confused About Retirement Planning
• How A Conversation About Bankruptcy Changed One Couple’s Life
• Diverting retirement savings to pay for college
• The numbers back it up: Don’t time the market

HEALTH CARE

• Healthcare Cost Containment System Gets To The Heart Of Costs
• US Still Behind Other Countries in Effective Health CareSpending
• Older adults lax about prevention

ECONOMICS AND ASSET MANAGEMENT

• Fed To Delay Rate Hike
• Rate increase by year-end possible
• China urges US to refrain from rate boost
• Europe: The best is yet to come?
• Poll reveals more gloom among US consumers
• US banks switch to building reserves, preparing for downturn
• Investors look to incorporate values in investment decisions
• Alternative FICO scoring system could expand access to credit

ALTERNATIVE INVESTMENTS

• Hedge Funds Are Playing `Dangerous Game’ With Copper
• REITs give mom-and-pop investors additional choices
• Brilliant Ways Sovereign Funds Are Diversifying

Jeffrey H. Snyder  

President & CEO
The Morning Pulse, Inc.
jeffrey.snyder@themorningpulse.com

OCTOBER 9, 2015

OCTOBER 9, 2015

401(k) STYLE RETIREMENT PLANS

• Funds pay to be in 401(k)s and cost investors
• Survey Finds Growing Interest in Fixed-Dollar Participant Fees

PENSION PLANS

• US Public Sector Pensions: Understanding The Risk
• Portman introduces bill to protect pensions of Ohioans
• Connecticut Is Addressing Past Pension Underfunding
• Corporate pension funded status falls again
• Underfunded state pensions: It’s a matter of fairness
• Public servants brace for pension shock
• 73000 union workers face pension cuts
• Plan to create pension reserve account fails
• Russia Considering Pension System Alternatives as Deficit Widens

PERSONAL FINANCE

• Do brokers secretly like the DOL’s proposed fiduciary rule?
• Don’t overlook reverse mortgage
• Women Are a Quarter Million Dollars Short of Retirement
• What people regret the most in retirement
• Many parents offer their retirement savings to pay for children’s education
• How and why to downsize as you enter retirement

HEALTH CARE

• US Stocks Rise Amid Health-Care Rebound
• Telemedicine Is Vital to Reforming Health Care Delivery               

ECONOMICS AND ASSET MANAGEMENT

• Moody’s retains AAA rating for US
• US Construction Firms More Stable Than a Year Ago
• Retailers to ring up 3.7% holiday sales growth
• Yellen signals low rates will continue until unemployment drops
• Hard landing seen as greater possibility for China
• Expect Market Returns of 4-5% Annually for Next Five Years
• Property managers say rents will rise in 2016
• Metrics show no major drop in liquidity
• US-based stock, bond fund outflows biggest in five weeks
• Profits at 5 largest banks have surged since 2008
• Social mission doesn’t dilute investor returns

ALTERNATIVE INVESTMENTS

• Alternative investments can do what stocks and bonds can’t
• Hedge funds posted 4th month of declines in September
• Private Equity Fund Closings in Q3 at Record Low
• Investors flock to REITs again
• Rising Interest Rates and the Agony in REIT ETFs

Jeffrey H. Snyder  

President & CEO
The Morning Pulse, Inc.
jeffrey.snyder@themorningpulse.com