Herbst Stepping Down

[husky8273]

Beating an index fund over the long term? I dunno, to me that is impressive.

Your point, exactly?

 

[Da_Aisijimo_Gou]

FWIW @husky8273 and @RSTuthill, UConn Foundation asset allocation:

"Asset Allocation Targets and Benchmarks

The Total Portfolio (as executed through the Account Assets and Non-Account Assets) shall be allocated among the asset classes set forth below and shall be managed within the range and consistent with the strategic target for each such asset class set forth below. The Investment Committee shall have discretion to tactically overweight or underweight certain asset classes so long as each asset class remains within the range set forth below.

Fund Category Asset Class Long Term Target Range
Growth Global Equity 30% 10–60%
Growth Hedge Funds – Directional 10 0–25
Growth Private Capital 25 5–45
Risk Minimizing Global Fixed Income 7.5 5–30
Risk Min. Hedge Funds – Non-Directional 7.5 0–20
Risk Min. Portfolio Diversification Strategies 5 0–15
Risk Minimization Cash -0- 0–25
Inflation Hedging Marketable Real Assets -0 - 0–10
Inflation Hedging Private Real Assets 15 0–30
Total 100%"

 

[RSTuthill]

Your point, exactly?

Oh, I must have misread the original post.

 

[SubbaBub]

Any blue state right now that has no major natural resources (like oil, mining (metalic ores, potash, coal) agriculture, shipping, lumber) or even tourism to fall back on and is raising every category of taxes at the rate like Connecticut, can expect to be in the same trouble soon. New York and Illinois are fast working on that. Connecticuts great resource over the past 80 years was it's manufacturing, it's corporate hubs, and it's blue collar work force, but tax, tax and tax of all kinds destroyed that. Take a drive this weekend down rt 34 through Oxford, Seymour, Derby, over to Ansonia and Shelton and see all the empty warehouses and manufacturing plants. Even venerable Sikorsky Aircraft was about to leave until Governor "tax everybody and everything" Malloy realized it would be a political mistake for the Democrats to let them leave.

Thinks it's 1970 ^^^^.

CT's economic advantages are these Post WWII and mostly still are unless of course we stop investing in ourselves:

1. A highly educated workforce
2. Proximity to NYC specifically and the densely populated NE in general.
3. Lower taxes than surrounding states (still do)
4. A higher than average density of corporate HQ's especially in the financial, insurance, healthcare and defense industries.
5. A top tier place to raise a family.
6. Natural disasters of a catastrophic scale are rare to non-existent.

Our disadvantages:
1. Aging workforce
2. Falling behind in future growth industries and already missed out on a number of them.
3. A declining commitment to meaningful infrastructure upgrades. We fix and/or rearrange deck chairs.
4. Older housing stock in neither conducive to attracting young families like it once did and gentrification is not economically viable in the CT sprawl zone.
5. We have a debt problem over the next 20 years due to ignoring it for 30 years. Need to find a way to service the debt without cutting key investments.
6. The remote economy no longer prioritizes proximity to large economic centers.
7. Other regions are easier and cheaper to exploit driving capital to these places in the same way manufacturing is drawn to places like SE Asia.

We require a creativity that is non-existent in people who seek public office. The clip art ads that I am already seeing doesn't fill me with confidence. The "business guy" whomever he is looks like a complete dolt and his ad full of dumbed down buzzwords is the opposite of creative.

 

[huskymedic]

New Haven Register: High stakes for next leader

>>Whoever becomes the next governor will not only be expected to fix the state’s fiscal mess but also weigh in on the next president of its flagship university...<<