| Pension schemes poised to pile into hedge funds
More than 42% of US public pension schemes expect to significantly increase hedge fund allocations in the next two years in the latest sign retirement plans are prepared to invest in riskier assets to achieve higher returns, according to a survey by Greenwich Associates. .
Cricket - Free audio of Brian Lara announcing his retirement from ...
An audio clip of the West Indies captain Brian Lara announcing his retirement from all international cricket after Saturdays ODI against England at Kensington Oval, Barbados, is now available for free download from the ICC CWC Media Information Service (MIS), www.icc-cricket.com/mis. Lara says that following careful consideration he feels the time is right to stand aside and give younger players a chance. He also feels proud of what he has accomplished in his long and successful West Indies career. Also available for audio download from the MIS, man of the match Ramnaresh Sarwan talks about his desire to take over the captaincy from Lara and says there will be plenty of motivation among the players to win Saturdays game for their captain.
Turkey Heads towards 20th Stand by Program with IMF
Althoug IMF-Turkey relations go years back, the letter of intent which initiated the stand-by traffic affecting the economic agenda in every step was sent in December 19th, 1999. It was the 17th Stand-By agreement which led Turkey to a great financial crisis in 2001. .
Putting stock in your IRA
The problem: I'm 73, and my wife is 71. I purchased some stocks in my traditional IRA some time ago. Now, I'd like to restructure my IRA investments to reflect a more moderate risk-tolerance level. If I sell the stocks, will the profits be considered "capital gains"? Can I roll the money into a CD? If so, how long is the rollover period?
The expert: Richard L. Bergen, CPA and certified financial planner, RLB Wealth Planning, Garden City.
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