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When pensionfund managers faced margin calls tied to liability-driven investments (LDIs) following the collapse in gilt prices, the central bank had to intervene to stabilise the market. “We Bailey also urged other central banks to introduce similar emergency measures for non-bank institutions to prevent future systemic crises.
Paula Sambo of Bloomberg reports Canada pensionfund's credit head wants to take advantage of leveraged buyout boom: Canada’s largest pensionfund plans to nearly double the size of its credit holdings over the next five years, and it’s counting on an upturn in leveraged buyouts to generate some of that growth.
Gillian Tan, Swetha Gopinath and Layan Odeh of Bloomberg report OMERS to stop making direct private equity investments in Europe: The Ontario Municipal Employees Retirement System will stop making direct private equity investments in Europe as the pensionfund overhauls its operations there, according to people familiar with the matter.
The pensionfund had solid returns from its portfolio of public stocks, which gained 10.4 But stocks make up only 19 per cent of the pensionfund’s assets after it shifted billions of dollars from equities into government bonds and credit investments, seeking to take advantage of high interest rates. dollar to earn a 4.4-per-cent
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 pensionfunds, he said. Public Equities include absolute return strategies and related investment liabilities. per cent return.
But there came to be, in certain situations, buyers that were bootstrap, buyers that were, we would call ’em today, they then leveraged buyout financiers. And the institutional investors often are thinking if you’re a big state pensionfund, I want 10%, 20%. And now we call it the private equity industry.
Private equity at the time was only about buyout and LBO. But I also learned along the way that you rarely die, I mean as a company, from your P&L or from your assets, but you always die from your liabilities. Coming back to my comment, again, it’s your liability side. Great opportunity for us.
They’re the largest listed buyout firm in Europe. He is the chief executive officer of the Partners Group, which is Europe’s biggest listed private equity and buyout firm, with a market cap of about $25 billion. RITHOLTZ: So let’s talk a little bit about some of your closed-end funds. in Colorado.
Cassa Geometri, Italys pensionfund for surveyors, plans to invest 150m in private equity to reach its strategic asset allocation goals. The fund will allocate capital across Italy, Europe, and globally. It will focus on buyout and growth capital strategies while limiting venture capital exposure to 20%.
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. At IMCO, we have 8 clients with very different liabilities.
Ralph Berg, chief investment officer at OMERS for nearly two years, brings a fresh perspective to pensionfund management with a history and work pedigree different to what you might expect from a Canadian fund investment boss. Private equity is the final piece of the puzzle with investments dominated by the buyout program.
Nicolas Van Praet of the Globe and Mail reports pension giant Caisse strikes deal to acquire Innergex Renewable Energy: Canadian pensionfund 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.
RITHOLTZ: It’s a liability on the books. Pensionfunds, perhaps, maybe aren’t growing as much as they need them to. RITHOLTZ: Clearly, 401(k) is not a much faster growing part of the allocation landscape than either direct benefits or pensions, if anything, that side of the street is shrinking dramatically.
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