Pension Pulse

JULY 16, 2024

A higher cost of debt and slower economic growth have created a tough investing environment, pushing down the value of some private assets that pension funds own. Private credit has been one of the best-performing asset classes for some large pension funds in recent years, often earning double-digit percentage gains.

Pension Funds 64

Pension Funds Buyout Assets Debt 64

The Motley Fool

OCTOBER 31, 2024

trillion of assets under management supporting defined benefit and defined contribution plans, PGIM serves more than half of the world's 300 largest pension funds. I mean my recollection is those debt protection products at very attractive margins. As a market leader with nearly $0.5

Liabilities 130

Liabilities Assets Capital Shareholders 130

Pension Pulse

APRIL 25, 2024

Paula Sambo of Bloomberg reports Canada pension fund's credit head wants to take advantage of leveraged buyout boom: Canada’s largest pension fund 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.

Leveraged Buyouts 59

Leveraged Buyouts Buyout Pension Funds Mergers and Acquisitions 59

Pension Pulse

JULY 11, 2024

Funds raised money, bought businesses, loaded them with debt, exited at a profit and convinced happy investors to do it all over again — at ever greater scale. Some top industry figures don’t dispute the perils of gulping down more and more varieties of debt. “On Surging borrowing costs have stalled that engine.

Buyout 59

Buyout Debt Leveraging Collateral 59

Pension Pulse

AUGUST 30, 2023

The Healthcare of Ontario Pension Plan (HOOPP) is just one of the numerous pension fund and major ILS investors we track in our directories here. First, read my comment covering HOOPP's 2022 results where the plan remains fully funded despite losing 8.6%

Collateral 59

Collateral Hedge Funds Investing Assets 59

Pension Pulse

NOVEMBER 20, 2023

In addition, some important public debt market investment opportunities in Canada have been getting smaller. For example, the federal government recently announced it would stop issuing real return bonds – an important liability matching asset for many defined benefit pensions in Canada.

Pension Funds 59

Pension Funds Investing Leveraging Assets 59

Pension Pulse

MARCH 13, 2024

Paula Sambo of Bloomberg also reports real-return bonds reap gains for HOOPP: Canadian inflation-protected securities known as real-return bonds are reaping gains for one of the country’s largest pension funds during a turbulent period for fixed-income markets. The pension fund manager’s total assets increased to $112.6-billion,

Pension Funds 59

Pension Funds Liabilities Assets Hedge Funds 59

The Big Picture

FEBRUARY 13, 2023

Which is run by many insurance companies, pension funds who use Aladdin, and it’s a commercial enterprise for the firm. Didn’t it start as a bond shop, catering to pension funds and foundations? I mean, it started as largely mortgages, fixed income bonds shop, and you know, create a closed end funds.

Hedge Funds 59

Hedge Funds Education Funds Banks 59

The Big Picture

MARCH 5, 2024

Perhaps most famously you guys put on a CO bet, a collateralized debt obligation bet that was designed to do well if housing made some extreme moves and it was non-directional, it was hedged. The banks would have an equity trading desk and they’d have a debt desk, right? What about the refinancing of their debt?

Capital 59

Capital Hedge Funds Banks Assets 59

The Big Picture

JANUARY 24, 2023

They grew a business where they issued junk debt. So the initial idea of leveraged buyouts very high inflation really was financial engineering, truthfully, back in those days, because if you had 95 parts debt, and 5 parts equity, and 10 percent inflation, you know, you could triple your equity with no unit growth at all.

Leveraged Buyouts 105

Leveraged Buyouts Private Equity Firms Private Equity Firms Debt 105

The Motley Fool

JULY 20, 2023

In fact, virtually all of our drawdown funds we've launched in our history, have been profitable for our investors. Our performance has helped secure retirees' pensions, fund students educations, pay healthcare benefits, and protect and grow the savings of individual investors. banks with an average of 12 times leverage.

Banks 130

Banks Capital Assets Mergers and Acquisitions 130

Pension Pulse

NOVEMBER 10, 2023

Invested £93 million in a debt facility to Vårgrønn, owner of a 20% stake in Dogger Bank Wind Farm, which is an offshore wind farm currently under construction, located off the coast of the U.K. 7) Gordon Pape wrote and op-ed for the Globe and Mail stating the Canada Pension Plan changes will raise contributions at a very wrong time.

Investing 59

Investing Buyout Stakes Assets 59

Pension Pulse

NOVEMBER 25, 2024

In addition to BMW and Volkswagen AG , Northvolt’s top investors included Goldman Sachs’s asset management arm, Denmark’s biggest pension fund ATP, Baillie Gifford & Co. funds and a number of Swedish entities. Northvolt will also have access to about US$145 million in cash collateral.

Pension Funds 59

Pension Funds Funds Finance Financing 59

The Big Picture

NOVEMBER 25, 2024

So you could say instead of buying a million dollars of the s and p 500, I’m gonna take $50,000, use it as cash collateral to buy s and p 500 futures, a million dollars of s and p 500 futures, which will give me the total return. 00:28:05 [Speaker Changed] Exactly. So 00:28:20 [Speaker Changed] That’ll be equivalent.

Returns 59

Returns Mutual Funds Hedge Funds Leveraging 59

The Big Picture

JUNE 20, 2023

That was sort of unfathomable at the time, that someone could buy a giant, publicly traded company strictly with low-cost debt. Well, first of all, the big fee that really ends up, and this is not a fee to the private equity firm, but the big problem with many of these deals is the debt interest costs, okay? MORGENSON: Absolutely.

Private Equity Firms 59

Private Equity Firms Private Equity Firms Finance Financing 59

The Big Picture

FEBRUARY 20, 2024

00:16:44 [Speaker Changed] And, and, and for those people who may not be familiar with the London Interbank offered rate offered rate literally was a survey where they call up various bond debts and say, so what are you charging for an overnight loan? You need to come up with more collateral. I’m sorry.

Banks 59

Banks Stock Market Stock Market Legal 59