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Because the Domain Makes it Really Real

This is going to be BIG.

I got an internship on the buy side at the GM pension fund in high school--in 1997. I tried to write a book for college kids in 2002-2003, couldn''t get it published, so I started blogging in February of 2004. I met Brad and Fred in the Summer of 2004, agreeing to join them later that year--my first job at a fund.

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The Screwy Logic of Crowdfunding and Venture Fund Regulation

This is going to be BIG.

In fact, thanks to increased scrutiny of investment funds in a post-Madoff world, this imbalance will probably get bigger and bigger. Until you realize that vetting and helping companies is actually really hard--or did you not notice all the news that venture capital as an asset class doesn't beat the market. scratches bald head].

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Letko and Brosseau Set the Record Straight on Why Pensions Should Invest More in Canada

Pension Pulse

Earlier today, I spoke with Peter Letko and Daniel Brosseau of LetkoBrosseau Global Investment Management to set the record straight on where they stand on Canadian pension funds investing more in Canada. It may seem appealing to encourage pension funds to invest more of our combined funds of over $2-trillion in Canada.

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Understanding CPP Investments' Total Portfolio Investment Framework

Pension Pulse

I'm saying that properly implementing TPA at a large pension fund is very difficult and requires the right governance, culture, incentives, and to be truthful, it's a lot of work and you need to understand what is going on at the ground level to properly compensate this activity and gauge whether it's offering meaningful value add over the long run.

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Ivanhoé Cambridge’s Real Estate Binge Heading Towards a Reckoning?

Pension Pulse

Over the last decade, the real estate arm of Quebec’s $300 billion pension fund tore through U.S. It was acquired in 1990 by Caisse de dépôt et placement du Québec — Canada’s second-largest pension fund. In 2012 the company formed a partnership with Chicago-based Callahan Capital Partners to expand its U.S.

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OMERS Writing Off Stake in Troubled British Utility Thames Water

Pension Pulse

Consequently, no shareholders provided further funding to Thames Water and the value of OMERS Thames Water investment has now been written off,” said James Thompson, a spokesperson for OMERS Infrastructure, in an e-mailed statement Friday. Another major Canadian pension fund, British Columbia Investment Management Corp.

Stakes 59
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Another UK Pension Disaster in the Making?

Pension Pulse

One totemic statistic on this front (and one which — hands up — I’ve thrown around myself) is the fact that DB pension funds have gone from having something like half of their assets in UK equities in the mid-1990s to less than 2% today. The history of governments misallocating capital is long and not hard to Google, put it that way.