Pension Pulse

NOVEMBER 23, 2023

The federal government pledged in its fall economic statement on Tuesday to “work collaboratively” with Canadian pension funds to create an environment that encourages them to put more of the trillions of dollars of assets they collectively manage to work domestically. That has put pension fund managers on guard.

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Pension Pulse

FEBRUARY 21, 2024

Partnerships don’t necessarily mean equity participation and public debt markets shouldn’t be “neglected,” he said. Hydro-Quebec has around C$50 billion of long-term debt outstanding, according to its annual report. Bonds of Hydro-Quebec are both very green and very liquid,” Sabia said.

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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.

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Pension Pulse

JULY 3, 2024

“The investment horizon for these assets is long and the ability to rebalance in the future is hampered,” warns Marlene Puffer, who joined AIMCo as CIO in 2023 from Canada’s railway pension fund CN Investment Division. Does private debt offer important diversification? It’s difficult to scale in small cap, she explains.

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Pension Pulse

NOVEMBER 27, 2023

“The federal government believes that continued domestic investments by Canada’s pension funds have the potential to boost Canada’s economy and create good careers for people across the country.” The statement said government would work with pensions to find and encourage more investments in Canada.

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The Big Picture

MAY 9, 2023

So I went from being a publishing high yield research analyst to a distressed debt analyst and investor. It’s like what do I do, how do I address my needs, what are my liability structures, how do I make long-term investment decisions, and then how do I execute upon that overall advice through these individual investment opportunities.

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Liabilities Assets Banks Hedge Funds 119

The Motley Fool

MARCH 7, 2024

Today, we consider ourselves to be in a strong financial position, having recently reduced our net debt position and right-sized the balance sheet through our ongoing strategic shift toward an asset-lighter business model. Debt less cash on hand as of January 31st, 2024, was $51.6 Long-term debt as of January 31, 2024 was $51.4

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The Motley Fool

JULY 14, 2023

We expect our acquisition of Kreos Capital to close in the third quarter of this year, adding venture debt capabilities and further bolstering BlackRock's global credit franchise. In May, we capitalized on the improved conditions for debt issuance, issuing 1.25 billion of 10-year debt at a coupon of 4.75%.

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Pension Pulse

SEPTEMBER 24, 2024

His arrival at AIMCo accelerated the Alberta fund management organization’s move into credit and private debt and his assignment included overseeing several key investment functions including international expansion, credit and private debt, and management of key external relationships. a pension fund which manages C$168.9

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The Motley Fool

JULY 27, 2023

Critically, our rental revenues in the second quarter included a $25 million onetime write-off of noncash straight-line rent and the $6 million bad debt reserve related to a tenant that declared bankruptcy during the quarter. Moving on to our debt profile. Approximately 84% of our debt is non-U.S. billion to $5.6

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Pension Pulse

FEBRUARY 22, 2024

Regarding the pension fund's bond assets, CDPQ said the fixed income market was characterized by higher yields and the narrowing of corporate credit spreads. In equity markets, Canada’s second-largest pension fund benefited from its high exposure to the technology sector with a 17.7 and down 0.2% in Canada," CDPQ added.

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Pension Pulse

SEPTEMBER 6, 2023

But in a partial victory for fund groups which opposed the rules, the Securities and Exchange Commission did not proceed with proposals that would have expanded funds' legal liability and outright banned arrangements that allow some investors special terms. million Norweigans benefit from the Government Pension Fund.

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Hedge Funds Securities and Exchange Commission (SEC) Pension Funds Funds 64

Pension Pulse

SEPTEMBER 30, 2024

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 pension fund overhauls its operations there, according to people familiar with the matter.

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Pension Pulse

SEPTEMBER 13, 2023

A report by the Asia Pacific Foundation of Canada found that between 2003 and 2017, Canadian pension funds invested $25 billion in the region. The Ontario Teachers’ Pension Plan Board has had an on-the-ground presence on the continent for over a decade, and currently has offices in Singapore as well as Hong Kong and Mumbai.

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Pension Pulse

MAY 29, 2024

In comparison to its Canadian peers with huge weightings to private markets, the C$112 billion HOOPP leans slightly towards public markets, a preference consistent with its liability-driven approach and focus on member outcomes. For a pension plan like HOOPP, having sufficient liquidity ensures that liabilities (e.g.,

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Liabilities Assets Pension Funds Public Companies 59

Tucker Advisors

SEPTEMBER 27, 2021

They have been called the debt managers of the world. As an added protection for policyholders, a failing insurance company cannot access federal bankruptcy laws to escape liability for its debts. Corporations Move Pensions into Annuities with Insurance Firms. Are Insurance Companies Safe? 23, 2015 [link]. 4, 2021 [link].

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Companies Liabilities Legal Banks 52

The Motley Fool

APRIL 18, 2024

The firm itself could not be in a stronger position with minimal net debt and no insurance liabilities, allowing us to distribute $4.7 Borrowing spreads have tightened significantly and the availability of debt capital has increased significantly. The market backdrop has become more supportive. and 17% for the LTM period.

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Assets Debt Banks Capital 130

Pension Pulse

JANUARY 31, 2024

It is not monolithic and includes such varied enterprises as pension fund investment managers such as AIMCo , insurance companies, investment banks, broker dealers, hedge funds, mortgage investment companies – and still others. The term NBFI captures a wide range of enterprises and therefore defies a common regulatory approach.

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Banks Pension Funds Financial Institutions Investing 59

Pension Pulse

AUGUST 1, 2023

Among the wealth of tables is a list of the best and worst-funded of the 58 local pension plans studied, and, yes, you guessed it, the bottom five spots are Chicago plans, with the bottom three at levels far below all others: Municipal employees, 21% funded, Chicago police, 21.8% funded, and Chicago fire, 18.8%

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Pension Pulse

JULY 4, 2023

Ministers and regulators are said to be concerned that Britain ’s biggest water supplier, which has 15 million customers in the capital and along the Thames Valley , may be unable to service its huge debt pile. Bankers at Rothschild were hired in March to examine financing options for the firm, which has £14bn of debt and 7,000 employees.

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Pension Funds Debt Shareholders Stakes 52

Pension Pulse

MARCH 13, 2024

He further explained that the bond portfolio is central to HOOPP’s Liability Driven Investing (LDI) strategy, mitigating the Plan's liability sensitivity to interest rate and inflation changes, providing government-guaranteed returns, supporting other investment activities, and diversifying the Fund's assets. billion. “We

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Pension Funds Liabilities Assets Hedge Funds 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.

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Pension Funds Investing Leveraging Assets 59

The Motley Fool

FEBRUARY 6, 2024

The deal extends most of our debt maturities to 2029 and beyond, injects $1.325 billion of net new financing into the business and gives us access to a new approximately $1 billion revolving credit facility to support our operations. We do not have any required or planned discretionary pension fund contributions in 2024.

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Taxes Debt Leveraging Banks 130

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

JUNE 27, 2023

per cent) and real estate debt (4.6 billion in added value VICTORIA, BC – British Columbia Investment Management Corporation (BCI) announced today an annual combined pension plan return of 3.5 billion) in investment liabilities managed by BCI’s funding program 1. billion in real estate debt, in line with expectations.

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Pension Pulse

FEBRUARY 14, 2024

As a global investment group managing funds for public pension and insurance plans, we work alongside our partners to build enterprises that drive performance and progress. We are active in the major financial markets, private equity, infrastructure, real estate and private debt.

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The Big Picture

SEPTEMBER 19, 2023

Previously she was Chief Investment Officer at various state pension funds, including Maryland and Hawaii. So does that go in real estate or does that go in debt? So you end up going from the fund of funds to pension funds. She can go anywhere, do anything. Right, right. Absolutely.

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Pension Pulse

AUGUST 17, 2023

per cent, with the help of recovering bond markets as interest rates rose and additional contributions from corporate credit and emerging country sovereign debt. In the short term, the portfolio was constrained by higher financing costs, which influenced the performance of certain private companies,” the pension fund said.

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Pension Pulse

MARCH 14, 2024

ABOUT OPTRUST With net assets of $25 billion, OPTrust invests and manages one of Canada's largest pension funds and administers the OPSEU Pension Plan (including OPTrust Select), a defined benefit plan with over 111,000 members. I then shifted my attention to private debt and asked James if they have a sleeve there.

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Pension Pulse

MARCH 6, 2024

Palash Gosh reports OMERS pension fund returns 4.6% The pension fund did not provide benchmark returns. 31, OMERS actual asset allocation was 21% each credit and infrastructure, 20% public equities, 19% private equity, 15% real estate, 8% bonds, and -4% cash and funding. for the 10-year period. 31, up from $124.2

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Returns Pension Funds Assets Debt 52

The Motley Fool

OCTOBER 11, 2024

The long-term connectors and our relationships span many years as holders of company debt and equity. A number of significant whole portfolio institutional mandates funded in the quarter, and we continue to be chosen for large global solutions. We've been building out our evergreen and credit interval funds here in the United States.

Assets 130

Assets Leveraging Mergers and Acquisitions Mutual Funds 130

The Motley Fool

NOVEMBER 5, 2024

Our leverage, as measured by net debt to annualized pro forma adjusted EBITDA was a healthy 5.4 These offerings illustrate the diversity of debt products available to us and the intentionality of our capital diversification philosophy. Can you give us an update on where 2024 bad debt year to date has trended? Jonathan W.

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Pension Pulse

JUNE 12, 2024

At the top of the house in terms of research, knowing that I will have a complex portfolio of liabilities and also from the study of talking to 18 peers, not a lot of that group did asset liability work or risk analysis,” she said. “We That means having in-house portfolio construction, investment risk, asset-liability.

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Liabilities Assets Leveraging Due Diligence 59

Pension Pulse

DECEMBER 11, 2024

million) to Canadian investment fund Caisse de Depot et Placement du Quebec (CDPQ), the telecom company said on Thursday. As a global investment group managing funds for public pension and insurance plans, we work alongside our partners to build enterprises that drive performance and progress.

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Stakes Assets Shareholders Pension Funds 59

Pension Pulse

JUNE 13, 2023

In fact, it's not even a strategy, it's a surefire way to pass the risk on to another fund that couldn't give a damn about ESG and I would go further and claim pension funds that are not engaging with oil & gas companies are neglecting their fiduciary duties. Anyway, back to UPP and Barb.

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Debt Pension Funds Assets Capital 52

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. per cent return.

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Pension Pulse

MAY 9, 2024

Discussion With Asif Haque and Evan Howard As I stated above, I did have a chance to talk with CIO Asif Haque and Chief Pension Officer Kevin Howard to go over results and more. Asif responded: With a one-year perspective, we posted 9.5%, happy with that. That was a combination of both public and private credit.

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