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The Healthcare of Ontario Pension Plan (HOOPP) is just one of the numerous pensionfund 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%
another Canadian pensions giant, told Bloomberg recently. A key challenge for regulators is that much of PE’s borrowing was arranged with loose legal terms at a time when lenders were fighting for deals, making it easier today to use financial wizardry to keep sickly businesses alive.
With nearly half a trillion dollars of assets under management supporting defined benefit and defined contribution plans, PGIM is a market leader, servicing more than half of the world's 300 largest pensionfunds, including over two-thirds of the largest 100 U.S. pension plans, and is the largest pensionfund manager in Japan.
They’re talking about asset management firms, in which public pensionfunds often have investments, supporting shareholder proposals meant to achieve social justice or climate objectives yet of dubious financial value. Nor is it supported by the empirical evidence.
the ability to leverage centralized risk, legal, HR, IT, back and middle office capabilities), relevant sectoral expertise, the ability to leverage scale (e.g., Even in jurisdictions where hedging is more feasible, hedging currency requires access to liquidity to post as collateral.
Which is run by many insurance companies, pensionfunds who use Aladdin, and it’s a commercial enterprise for the firm. Didn’t it start as a bond shop, catering to pensionfunds and foundations? I mean, it started as largely mortgages, fixed income bonds shop, and you know, create a closed end funds.
Yes, I did some legal stuff and rank stuff but I, you know, I went in on the weekends when we did the stock certificate count. And I was thrown at a, okay, we now need to know what have we got in Russia, what’s our exposure, what are our legal contracts, how does this work? Let’s do that then. And I bounced around. RITHOLTZ: Right.
And he said, “Well, it has to be this and that “and it has to be collateralized with a letter of credit.” And then it’s actually hard to make a legal bet. So technically, and that’s probably why it was legal, there’s no gambling involved. ” And I was like, “What?”
So I did my thesis on how leveraged buyouts work from the legal and the business side. And I remember literally sitting with the bankers at Manny Hanny and we went through every lending bank in the world, every major bank, and said if they lend their full legal limit — RITHOLTZ: They could — KLINSKY: — then we raise enough.
00:21:10 And so we started an advisory group of people, you know, hedge funds, pensionfunds, insurance companies, you know, buy side investors. We’ve reduced legal immigration for, for jobs dramatically. I mean, so essentially we didn’t have much legal immigration at all during the covid period, right?
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