Source: http://affordablehousinginstitute.org/blogs/us/category/kevyn-orr
Timestamp: 2017-11-24 09:27:59
Document Index: 626526258

Matched Legal Cases: ['art 4', 'art 3', 'art 1', 'art 2', 'art 3', 'art 2', 'art 1', 'art 2', 'art 1', 'art 1']

AHI: United States » Kevyn Orr
Category: Kevyn Orr
Whose risk is it, anyway? Part 4, If the funding ratio falls below 80%
16 January, 2014 (09:00) | Actuaries, Bankruptcy, Bonds, Detroit, Investment, Kevyn Orr, Municipal bankruptcy, Municipal bonds, Pension funds, Public choice theory, Risk, Speculation, US News |
By:David A. Smith [Continued from yesterday’s Part 3 and the preceding Part 1 and Part 2.] In the three days up to this point, we’ve discovered that the City of Detroit, not its employee-retiree pension funds, owns the risk of fund underperformance, meaning we have a classic case of moral hazard combined with principal-agent risk. […]
Whose risk is it, anyway? Part 3, Unrealistically high projected rates of return
15 January, 2014 (09:00) | Actuaries, Bankruptcy, Bonds, Detroit, Investment, Kevyn Orr, Municipal bankruptcy, Municipal bonds, Public choice theory, Risk, Speculation, US News |
By:David A. Smith [Continued from yesterday’s Part 2 and the preceding Part 1.] In yesterday’s post on the net unfunded liabilities of Detroit’s two principal public-employee unions (the non-uniformed GRS and the uniformed FRP), we had reached the point of knowing that Detroit was on the hook for any shortfalls, even as the pension funds […]
Whose risk is it, anyway? Part 2, Negative twelve percent return
14 January, 2014 (09:00) | Actuaries, Bankruptcy, Bonds, Detroit, Investment, Kevyn Orr, Municipal bankruptcy, Municipal bonds, Pension funds, Public choice theory, Risk, Speculation, US News |
By:David A. Smith [Continued from yesterday’s Part 1.] Yesterday’s post, the first of four parts in this multi-parter, finally started our blog process of explaining the arcana of pension fund investment management and its implications for failing cities and municipal bankruptcies. Principal sources used in this post Pension and Investments (April 15, […]
Whose risk is it, anyway? Part 1, 52% of the obligations
13 January, 2014 (12:21) | Actuaries, Bankruptcy, Bonds, Detroit, Investment, Kevyn Orr, Municipal bankruptcy, Municipal bonds, Pension funds, Public choice theory, Risk, Speculation, US News |
By:David A. Smith Throughout my ongoing posts about municipal insolvency and municipal bankruptcies (Chicago, Detroit, Hamtramck, Harrisburg, Jefferson County, San Bernardino, Scranton, Vallejo) , two themes have dominated the liabilities side: Firefighters gather in front of the federal courthouse protesting possible pension and public safety cuts during a Detroit bankruptcy hearing on July […]