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Glencore's Bid For Teck Puts Pressure on Canada's Pension Giants?

Pension Pulse

The previous unreported proposal is an unusual move, but mirrors the broader nationalistic sentiment at display in Canada since the Swiss miner's unsolicited approach for one of the country's top mining firms by market value. The Canadian pension funds have benchmarked their investments to that level, according to the presentation.

Bidding 52
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Because the Domain Makes it Really Real

This is going to be BIG.

My godfather got me IBM stock right after that, so that''s how I knew that a stock market and investing existed. I got an internship on the buy side at the GM pension fund in high school--in 1997. I started a business newspaper in 1998 in college covering the stock market and the economy.

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The Private Debt and Commercial Real Estate Crash Nobody Sees?

Pension Pulse

Marks said that this contrasted with the investment landscape from 2009 to 2021, when interest rates were low and “everyone was eager to invest”. “If pic.twitter.com/z5sfKt04bC — Francois Trahan (@FrancoisTrahan) May 15, 2023 I know, offices only make up 10-15% of pension funds' commercial real estate portfolios but that is still signifcant.

Debt 52
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CalPERS CIO Nicole Musicco on Bloomberg Wealth

Pension Pulse

A month ago, Eliyahu Kamisher of the Los Angels Times reported that CalPERS pension fund posts 5.8% gain, helped by stocks and private debt: CalPERS swung to a 5.8% gain in its latest fiscal year as the stock market rally and private debt buoyed the largest traditional public pension fund in the United States.

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Transcript: Mike Wilson, Morgan Stanley

The Big Picture

We have institutional clients, we have retail clients, we have, you know, pension funds, we have endowments. 2009, 10 in that role. No one is willing to go away from the, the dot plot or the, like, it, it, the market rarely gets away from the guidance. And, you know, Morgan Stanley has all types of different clients.

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Top Funds' Activity in Q1 2023

Pension Pulse

In other words there is support for stocks, as many potential buyers wait in the wings for current worries to subside, says LPL’s Smith. Extremes in pessimism in the AAII data are, on average, bullish for near-term stock market returns (and extreme investor optimism tends to be bearish for the near-term outlook). No exceptions.

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A Conversation With John Graham on CPP Investments Fiscal 2023 Results

Pension Pulse

In private credit, tightening credit conditions resulting from a handful of bank failures and rescues in the United States have opened up opportunities for non-bank players like pension funds, he said. That beat the fund’s reference portfolio (an internal benchmark it sets for itself), which had a return of just 0.1