Pension Pulse

SEPTEMBER 12, 2023

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.

Portfolios 69

Portfolios Pension Funds Due Diligence Investing 69

Pension Pulse

OCTOBER 2, 2023

Jennifer L of Carbon Credits reports Ontario Teachers’ Pension Plan buys majority stake in KKR’s Australian carbon project developer: A Canadian pension fund Ontario Teachers’ Pension Plan (OTPP) has agreed to acquire KKR’s stake in a leading Australian carbon markets platform GreenCollar. since 2007.

Stakes 59

Stakes Pension Funds Shareholders Assets 59

Pension Pulse

APRIL 9, 2024

Big pension funds invest in big student housing programs because they're recession-proof businesses that add defensive cashflows to their portfolio. That's obviously important, but there's a defensive component to purpose-built student accommodation that pension funds very attractive. What about Canada?

Pension Funds 59

Pension Funds Education Leveraging Assets 59

Pension Pulse

DECEMBER 20, 2023

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%

Bidding 59

Bidding Pension Funds Assets Banks 59

The Motley Fool

SEPTEMBER 6, 2023

It's such an interesting case to me because these earplugs were manufactured from 2003 until the mid-2015, I believe, and 3M bought the company that made them in 2007. Whenever you get news and whenever you get bounds put around something, even if the news is bad, that becomes a known as opposed to something that you guess at.

Liabilities 130

Liabilities Shareholders Funds Assets 130

Pension Pulse

JANUARY 22, 2024

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

Stakes Investing Bidding Assets 52

Pension Pulse

JULY 4, 2023

The company is still in talks with its shareholders about raising as much as £1 billion in fresh funds following a £500 million injection agreed last year. Its largest shareholder is Canadian pension fund Ontario Municipal Employees Retirement System (Omers), which holds a nearly 32 per cent stake. billion in Canadian funds.

Pension Funds 52

Pension Funds Debt Shareholders Stakes 52

Pension Pulse

MARCH 21, 2024

pension fund. The guy is great opportunistic real estate investor but a ruthless real estate shark, and he made off like a bandit leaving PSP in 2007 and joining John Grayken's prestigious Lone Star Funds where he's still working as President, Commercial Real Estate Funds (his net worth is now in the hundreds of millions).

Assets 59

Assets Pension Funds Capital Debt 59

Pension Pulse

AUGUST 18, 2023

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.

Hedge Funds 52

Hedge Funds Funds Asset Management Assets 52

Pension Pulse

MAY 9, 2024

CAAT's successful management and investment strategy allows the Plan to continue to offer its conditional inflation protection enhancements to at least 2027, in accordance with the Plan's Funding Policy. CAAT has granted conditional inflation protection enhancements since its introduction in 2007.

Returns 59

Returns Assets Pension Funds Funds 59

Pension Pulse

OCTOBER 20, 2023

The statement, sent exclusively to the National Post , marks the first time Poilievre has explicitly addressed the issue of Alberta’s proposal to withdraw from the Canada Pension Plan (CPP) and set up its own pension fund. That gives people the go-ahead to take rates above 5%.”

Investing 59

Investing Consulting Consultants Debt 59

Pension Pulse

MAY 8, 2023

No pension fund wants to invest in private companies that abuse immigrant children. Schwarzman to come to Montreal, I'd personally ask him to donate $250 million to McGill University to fund the Charles Taylor Center for the Humanities. In 2007, Taylor won the $1.5M Mr. Taylor’s previous honors include the 2015 John W.

Due Diligence 52

Due Diligence Pension Funds Education Mutual Funds 52

The Big Picture

MAY 9, 2023

So what I mean by that is, first, understand the duration of your funding source. Pension funds have quite long-dated capital. So first, understand the duration of that funding source. And then the second is, understand the return requirement of that funding source. That’s what I mean by liabilities.

Liabilities 119

Liabilities Assets Banks Hedge Funds 119

The Motley Fool

SEPTEMBER 17, 2023

We spent the next four years rebuilding, unwinding some of the things that had happened before, trying to make a difference for customers, and ultimately sold it again in May of 2007 to acquire that we did, as you might imagine, a good bit more reversed due diligence on in that process. It was a wild ride. David Gardner: Wow.

Due Diligence 130

Due Diligence Mergers and Acquisitions Capital Public Companies 130

Pension Pulse

MAY 19, 2023

Below, a sample of the funds I track closely: 1) Alberta Investment Management Corporation (AIMco) 2) Ontario Teachers' Pension Plan 3) Canada Pension Plan Investment Board 4) Caisse de dépôt et placement du Québec 5) OMERS Administration Corp. 24) Norges Bank 25) Nordea Investment Management 26) Korea Investment Corp.

Hedge Funds 52

Hedge Funds Funds Asset Management Assets 52

The Big Picture

NOVEMBER 8, 2022

I was having lunch with Jeremy in the summer of 2007, just after the Bear Stearns hedge fund started blowing up. I think the Americans going to be grateful that they didn’t do that much building in the last few years because otherwise, we would really have a replay of 2007 and ’08.

Finance 59

Finance Financing Banks Hedge Funds 59

The Big Picture

AUGUST 15, 2023

Are most people better off in an index fund than playing with an active manager, be it mutual fund or high fee hedge funds? SEIDES: John Yeah, I said back then, the bet started in 2007 and I say today, being in the market and investing in hedge funds is completely apples and oranges. This is the summer of 2007.

Hedge Funds 52

Hedge Funds Funds Capital Assets 52

Private Equity Insights

APRIL 1, 2025

KKR and IFM acquired their stakes in 2007 and 2010, respectively, while Shell consolidated its holdings in 2019. The deal signals a major liquidity event for the exiting private equity and pension fund stakeholders, most of whom have held their interests for over a decade.

Pension Funds 345

Pension Funds Stakes Asset Management Assets 345

The Big Picture

APRIL 4, 2023

So a very different dynamic than we saw back in 2007, 2008, 2009. pension funds, and sovereign wealth funds, and internationally, investors. Yes, there’s a lot of liquidity in private equity. But there’s also a lot of liquidity in private credit to be able to finance those transactions.

Private Equity Firms 59

Private Equity Firms Private Equity Firms Banks Finance 59

Private Equity Wire

APRIL 1, 2025

The deal represents a significant liquidity event for Colonial Pipelines private equity and pension fund shareholders, many of whom have held stakes in the business for over a decade.

Private Equity Firms 98

Private Equity Firms Private Equity Firms Pension Funds Stakes 98

The Big Picture

MARCH 12, 2024

So we, we do business with most of the sovereign wealth funds, most of the big US national insurers, global insurers, the largest pension funds. So we we’re partners with the state of Texas, the actual state of Texas, not one of the pension funds, but the state itself. So it’s very long dated capital.

Hedge Funds 59

Hedge Funds Banks Assets Due Diligence 59

Pension Pulse

FEBRUARY 25, 2025

Nicolas Van Praet of the Globe and Mail reports pension giant Caisse strikes deal to acquire Innergex Renewable Energy: Canadian pension fund giant Caisse de dpt et placement du Qubec has struck a deal to buy Innergex Renewable Energy Inc. The Caisse will pay $13.75 Many are indexed to inflation, he said.

Pension Funds 59

Pension Funds Shareholders Legal Stakes 59

The Big Picture

NOVEMBER 25, 2024

And there was one conversation very early in my career, this was actually 2007, where I was interviewing with an asset manager and I pre-meeting, asked them what they thought of the market. So I was looking at all sorts of things, which is sort of classical equity quant type work. See ya, you’re getting a margin call.

Returns 59

Returns Mutual Funds Leveraging Hedge Funds 59

The Big Picture

JUNE 20, 2023

In 2007, firms extracted — the private equity firms extracted $20 billion from companies in the form of dividend recapitalizations. Pension funds, perhaps, maybe aren’t growing as much as they need them to. MORGENSON: It can be collateralized loan obligations, now it’s big private debt. RITHOLTZ: Wow.

Private Equity Firms 59

Private Equity Firms Private Equity Firms Finance Financing 59

The Big Picture

APRIL 11, 2023

And as you well know, in 2007, accountants fixed what I thought was a horrendous mistake — RITHOLTZ: Right. DAMODARAN: Or it could be some unique characteristic, pension funds pay no taxes. They were older, you know, companies that were over the hill in terms of their business models. RITHOLTZ: Right.

Education 119

Education Finance Financing Taxes 119

The Big Picture

FEBRUARY 20, 2024

00:07:47 [Speaker Changed] So, so after, you know, more than 20 years at Goldman, you joined the New York Fed in 2007, overseeing domestic and foreign exchange trading operations, 2007, that, that’s some timing. Well, I had about I seven months of calm and then chaos started in August of 2007.

Banks 59

Banks Stock Market Stock Market Legal 59

Pension Pulse

OCTOBER 21, 2024

Yields on 10-year Treasuries most recently traded at 5% last October, hitting their highest level since 2007 as fears of a prolonged period of high interest rates gripped markets. I doubt it as long as inflation expectations keep dropping and employment decelerates further but you never know.

Pension Funds 59

Pension Funds Finance Financing Debt 59

Pension Pulse

FEBRUARY 19, 2025

This phase will receive federal funding of $3.9-billion million in funding announced in the 2024 budget. The pension fund is currently building an $8 billion light rail system in Montreal, known as the Rseau Express Mtropolitain. billion over five years. That is in addition to $371.8-million

Pension Funds 59

Pension Funds Bidding Finance Financing 59

Pension Pulse

JANUARY 22, 2025

Even the biggest pensions that have long investment time horizons and the benefits of scale have only tended to generate modest total portfolio net value add over the long term. A study by CEM Benchmarking found that the average annual net value add of the largest pension funds was 26bps over 20 years. The rest is irrelevant.

Pension Funds 59

Pension Funds Liabilities Hedge Funds Assets 59