Pension Pulse

NOVEMBER 24, 2023

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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Pension Pulse

MARCH 27, 2024

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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Pension Pulse

SEPTEMBER 3, 2024

Over the last decade, the real estate arm of Quebec’s $300 billion pension fund tore through U.S. In February, the company will have to refinance the $1.125 billion mortgage on 3 Bryant Park. The company also holds a 49.9 The company also holds a 49.9 cities, paying top dollar to buy trophy properties.

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Pension Pulse

MAY 21, 2024

In late March, its shareholders – of which OMERS is the largest – refused to inject more money into the beleaguered company, casting doubt on its viability. OMERS is one of Canada’s largest pension fund managers, overseeing $129-billion of assets with investments in Canada, the United States, Europe and Asia.

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Pension Pulse

AUGUST 28, 2023

Patrick DeRochie, senior manager of Shift Action for Pension Wealth and Planet Health , wrote an op-ed for the Globe and Mail, stating Canada is burning, so why is our national pension fund still heavily into fossil fuels?: These companies are included in CPPIB’s deceptively-named “ Sustainable Energies ” portfolio.

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Pension Pulse

MAY 23, 2023

John Stepek of Bloomberg reports be afraid, the UK government wants your pension: The battle for your pension is hotting up. Politicians including Chancellor Jeremy Hunt and his Labour counterpart Rachel Reeves want to funnel more of Britain’s (ie your) pension savings into funding UK companies.

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The Big Picture

JULY 28, 2023

Businessweek ) • A Winning Bet for Pension Funds Goes Cold : After years of outperforming public markets, some alternative assets are reporting losses. ( Her new book is Crash Landing: The Inside Story of How the World’s Biggest Companies Survived an Economy on the Brink. Coal consumption? reached $1,107 in the Q2 — up 5.6%

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Sara Grillo

FEBRUARY 13, 2023

For those of you who are new to my blog/podcast, my name is Sara. This is a restrictive type of investing that aims to avoid directing funds into sin investments such as tobacco, etc., Impact investing: A private investment in a company, made in the spirit of saving the world. They aren’t issuing shares to fund their operations.

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Pension Pulse

NOVEMBER 16, 2023

With the investment in Northvolt AB, the Caisse joins a number of other Canadian pension plans in backing the company, whose new plant has been touted by the provincial government as a key part of its strategy to make Quebec a major battery-making hub. Investment Management Corp. the world’s largest asset manager.

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Pension Pulse

SEPTEMBER 14, 2023

The modest changes at most of the biggest pension funds are a result of compensation philosophies that emphasize long-term performance of the funds, which is typically measured over five-year horizons. Some pension fund CEOs faced small cuts to their paycheques last year. million in 2022. million from $5.6-million

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Pension Pulse

JULY 6, 2023

in Engineering and Wharton School of Business with an MBA, Pereira’s years of financial services industry experience extends to consulting having been with Boston Consulting Group advising a broad range of clients with a focus on financial institutions and consumer companies. After graduating University of Toronto with a B.Sc.

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American Investment Council

DECEMBER 19, 2023

Building Competition: How Buy-and-Build Helps the American Economy – exploring the industry’s buy-and-build model, which investors use to acquire several smaller companies to create a new, more competitive business. The post The American Investment Council’s Year in Review appeared first on American Investment Council.

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Pension Pulse

AUGUST 5, 2024

Vanderbilt University Endowment, the University of Illinois Foundation and existing investors also participated in the extension to a January funding round, lifting Bilt’s valuation to US$3.25 OTPP, the Canadian pension fund, owns Willow Bridge Property Co., billion from US$3.1 Why do they do this?

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Pension Pulse

APRIL 29, 2024

The scale of the investment validates Pine Gate’s long-term vision for growth, positions the company as a national market leader, and underscores confidence in the clean energy asset class. The transaction extends Generate Capital’s existing partnership with Pine Gate and brings new institutional investors to the solar developer’s platform.

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Pension Pulse

SEPTEMBER 20, 2023

An official opening ceremony is being held today for over 200 guests including representatives of the companies that will call The Stack home such as BDC, Blakes, DLA Piper, Canaccord Genuity, EY, Fluor and Plenty of Fish, in addition to local business leaders. Canada's pension funds saw the writing on the wall before the pandemic hit.

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Pension Pulse

AUGUST 15, 2023

The growth came as the fund earned a 12-month total-fund net return of 4.8 The pension fund, which invests to pay for the retirement for 336,000 working members and pensioners, noted that as of Jan. 1 the plan was fully funded with a $17.5-billion billion funding surplus. per cent and 8.6

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Pension Pulse

MAY 17, 2023

Investors have raised questions over a number of loan deals signed in that period, including some that were based on a company’s revenue growth as opposed to its profitability. Higher interest rates are also beginning to put pressure on companies, eating into profits, with some businesses asking their lenders to forgo cash interest payments.

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Pension Pulse

MAY 22, 2024

Ian Bickis of The Canadian Press reports CPP Investments earned 8 per cent in latest fiscal year, net assets rose to $632 billion: Canada's biggest pension fund earned an eight per cent return last year, but significantly underperformed the 19.9 per cent return of its reference portfolio.

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Pension Pulse

SEPTEMBER 25, 2024

Engie is the majority shareholder who owns the remaining 75% of the company. We offer a range of alternative investment products to investors around the world — including public and private pension plans, endowments and foundations, sovereign wealth funds, financial institutions, insurance companies and private wealth investors.

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Pension Pulse

DECEMBER 11, 2024

The decision to divest from towers is part of a review of non-core assets the company started in October. Two years ago the telco began divesting itself from the business, which owns 1263 tower sites, when it sold 70% of what was then called Towerco to the Ontario Teachers Pension Plan Board for $900m.

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Pension Pulse

AUGUST 31, 2023

James Bradshaw of the Globe and Mail reports Alberta pension manager AIMCo reports 4.5-per-cent per-cent gain on its investments in the first half of the year, but the pension fund manager is staying cautious against a backdrop of slow economic activity. reported a 4.5-per-cent

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Pension Pulse

FEBRUARY 16, 2024

Shares of food delivery service DoorDash dropped 8% on a wider-than-expected loss, while digital advertising company Trade Desk popped about 17% after topping analysts’ fourth-quarter revenue estimates and offering an upbeat outlook for the first quarter. Maybe but this company has ripped the face off short sellers so I wouldn't bet on it.

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Pension Pulse

SEPTEMBER 26, 2024

If you want to go way back, I was working in a financial role at a company in Toronto and that company got bought out by ING during the global insurance consolidation of the late 90s. I got here and in those days, there was a HOOPP pension fund and HOOPP Investment Management Limited which ran the assets and they both had a CEO.

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Pension Pulse

JULY 5, 2023

And AIMCo has just secured access to a new pipeline to generate those loans: When it hired Mr. Scudellari from its larger rival the Public Sector Pension Investment Board in January, the two pension fund managers struck an agreement to jointly fund private loans to companies.

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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. Neither the size of the fund nor OMERS’s contribution were disclosed.

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Pension Pulse

MAY 24, 2023

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. So we kind of had headwinds and tailwinds in the portfolio, which is the point of diversification,” Graham said. “I

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Pension Pulse

MAY 6, 2024

In it, a KKR executive, Pete Stavros, discussed a model he had been developing to provide employees with an equity stake in companies it purchased, so the workers would reap some benefits if it was flipped for a profit. Miller declined to provide a full list of the companies taking part, saying only that most were not KKR-owned.

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Pension Pulse

SEPTEMBER 6, 2024

recorded in July and that suggests earnings are about to get clobbered at US companies. And yes, I have better things to do on a Friday night than blog, like go watch tennis which I'm about to do. More worrisome, The New Orders Index remained in contraction territory, registering 44.6%, 2.8 percentage points lower than the 47.4%

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Pension Pulse

AUGUST 18, 2023

I must be the only schmuck who provides all you this information for free and it really irks me when I have to ask institutions and others here to remember to do the right thing and contribute to incentivize me to continue writing this blog. They differ from traditional L/S hedge funds by having a more concentrated portfolio.

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The Big Picture

SEPTEMBER 19, 2022

And I’ve been investing in a lot of computer companies over the years. And I actually finished my PhD in ’99, but I started a company in late ‘96, early ‘97. And I was kind of doing the company and the thesis at the same time, which wasn’t great for either, and also wasn’t great for our marriage. WENGER: No.

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Pension Pulse

MAY 19, 2023

Amid the losses, Icahn added $4 billion of his own funds into the company. The separate sale of companies held by the firm also resulted in gains of $3.5 Second, markets are at an important inflection point here, so DO NOT GET CARRIED AWAY with what Buffett, Soros and company bought and sold last quarter. You're toast!

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Mr. Money Mustache

AUGUST 22, 2020

But when you buy the index, you’re getting oil companies, factory farm slaughterhouses and a million other dirty stories. Public pension funds have started to “divest” from oil company stocks, and various social issues like human rights, child labor, climate change or corporate corruption have bubbled to the surface at different times.

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Pension Pulse

JUNE 20, 2023

He started his career with KPMG on the Financial Institutions industry team, followed by eight years in the Corporate Finance group advising mid-market companies on M&A and financings. Rio Energy is an independent renewable energy company in Brazil. HCP) to support Carlyle’s acquisition of the company. and the U.S.

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The Big Picture

JULY 24, 2023

And I looked up to you as “The Big Picture” blog. Emily Bronte, you know, liked to keep in her own company, but when she wrote “Wuthering Heights” people thought that it’s written by a man because she painted such a viciously brutal world. And I had this goal that I wanted to do my own thing by the time I turned 30.

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Pension Pulse

JUNE 5, 2024

IMCO CEO Bert Clark posted a comment on LinkedIn going over the Canadian model and other thoughts from the Fiduciary Investors Symposium: I recently had the pleasure of speaking at Top1000 Funds’ Fiduciary Investors Symposium Toronto 2024. Banks and insurance companies have been doing these things forever. There is a role for both.

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Pension Pulse

DECEMBER 7, 2023

billion for the Pension Benefits Guarantee Fund ("PBGF"), administered by FSRA, $702 million for Tarion’s Guarantee Fund, $633 million for the City of Ottawa's OC Transpo employees' defined benefit pension plan, and $50 million for OCWA’s reserve fund. billion, including: $1.2

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The Big Picture

APRIL 11, 2023

Start with valuation, what is a company worth and why, move towards what are the things that drive valuations, and then expand out to what happens to valuations over the lifecycle of a company, and why those life cycles are getting increasingly shorter over the past few decades. What can I say about his breadth and depth of expertise?

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