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IMCO's CEO Bert Clark Bids Farewell to 2023

Pension Pulse

In recent weeks, the yield on US 10 Year Treasuries has fluctuated around 4% to 5%, higher than it has been at any time since 2007. IMCO still have a large exposure to public equities and stocks, which hurt it last year as the Fund lost 8.1%. The most recent U.S. inflation figures suggest that annual inflation has slowed from 9.1%

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Suyi Kim on What Drives Success at CPP Investments' Giant PE Portfolio

Pension Pulse

At C$146 billion, equivalent to a quarter of the entire C$575 billion pension fund for some 21 million Canadians and forecast to grow bigger every year, Kim leads a program that is also heading into unchartered territory. Most were on the fund's private equity team and were informed early last month, according to two of the people.

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Norway's Sovereign Fund Tops Global Transparency Ranking

Pension Pulse

Business Wire reports that Norway's sovereign fund tops global transparency ranking: TORONTO — Norway’s sovereign wealth fund, Government Pension Fund Global, has topped the list of the most transparent funds according to the Global Pension Transparency Benchmark’s 2023 findings.

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OMERS Looks To Sell LifeLabs; CPP Investments Sells Stake in Visma

Pension Pulse

The pension fund manager had quietly tried to sell LifeLabs in previous processes and failed to find a buyer, according to two of the sources. OMERS began building its diagnostics business in 2007 when its infrastructure arm acquired MDS Diagnostic Services for $1.33-billion billion in 2007 from Toronto-based firm MDS Inc.

Stakes 52
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Top Funds' Activity in Q2 2023

Pension Pulse

In Treasuries, yield on the 10-year pulled back from Thursday’s levels that were approaching the highest since 2007. streak that long has only been seen in recessions that started in 1973 and 2007 pic.twitter.com/ThjCW8yQy5 — Liz Ann Sonders (@LizAnnSonders) August 18, 2023 Where's the recession? UK and German bonds advanced.

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Talking With Authors: "Selling Without Selling Out" With Sunny Vanderbeck

The Motley Fool

They said, hey, if you're involved, chill the auction and no one wants to bid, and so you can't even show up. Their structures are built by their customers who are the limited partners by and large mostly its pension funds. It's not actually created by the private equity firms, it's created upstream by the pension funds.

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Transcript: Edward Chancellor

The Big Picture

I remember once, one of my colleagues says that a friend, one of the French Lazard Frerers partners was asked by a sort of junior, “How much should we tell our client to bid?” I was having lunch with Jeremy in the summer of 2007, just after the Bear Stearns hedge fund started blowing up.

Finance 59