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

SEPTEMBER 27, 2024

China aims to raise another 1 trillion yuan via a separate special debt issuance to help local governments tackle their debt problems. Most of China's fiscal stimulus still goes into investment, but returns are dwindling and the spending has saddled local governments with $13 trillion in debt. for his Alibaba stake.

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Pension Pulse

AUGUST 24, 2023

A month ago, Eliyahu Kamisher of the Los Angels Times reported that CalPERS pension fund posts 5.8% gain, helped by stocks and private debt: CalPERS swung to a 5.8% gain in its latest fiscal year as the stock market rally and private debt buoyed the largest traditional public pension fund in the United States.

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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%

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Pension Pulse

JANUARY 30, 2024

Kari Lundgren of Bloomberg also reports Norway wealth fund has first underperformance in five years: Norway’s $1.6 trillion sovereign wealth fund failed to meet its benchmark for the first time in five years due to losses in unlisted real estate even as stock markets rebounded.

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Pension Pulse

SEPTEMBER 6, 2023

Advocacy groups have accused the private fund industry of unfair, conflicted and opaque practices that hurt everyday Americans who invest in such funds through their pensions. It's not as if some state pension fund benefits from opacity," SEC Chair Gary Gensler told reporters after the panel's vote.

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

Pension Pulse

MAY 17, 2024

Carly Wanna and Carmen Reinicke of Bloomberg report hedge funds pump up exposure to Nvidia, cut AMD: Hedge funds continued to lean into the biggest technology companies leading the way in artificial intelligence as the hype propelled the US stock market higher in the first quarter of the year.

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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. Read full press release here.

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Pension Pulse

NOVEMBER 17, 2023

With the seven big tech firms—Apple (AAPL), Amazon.com (AMZN), Google parent Alphabet (GOOGL), Facebook parent Meta Platforms (META), Microsoft (MSFT), Nvidia (NVDA), and Tesla (TSLA)—playing an outsize role in this year’s stock market rally, it’s no surprise to see them featured heavily in the quarterly filings of large investors.

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Pension Pulse

MARCH 13, 2024

The investment team strategically increased exposure to bonds following a rise in yields during the summer and fall, contributing significantly to the Plan's performance as the bond and stock markets rallied towards the end of the year. “In The pension fund manager’s total assets increased to $112.6-billion, billion. “We

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Pension Pulse

AUGUST 16, 2024

pic.twitter.com/XPHihSJ9sJ — Francois Trahan, M²SD (@FrancoisTrahan) August 13, 2024 The market doesn't care about macro until it does and then all hell breaks loose. Of course, I remind my readers that credit markets lead the stock market typically and we have yet to see a credit crisis emerge (yet being the operative word).

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Hedge Funds Funds Asset Management Stakes 59

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

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Startups Venture Capital Pension Funds Amortization 59

Pension Pulse

MAY 7, 2024

billion valuation, inclusive of debt. NYSE: ALE) and a partnership led by Canada Pension Plan Investment Board (“CPP Investments”) and Global Infrastructure Partners (“GIP”), (the “partnership”), today jointly announced that they have entered into a definitive agreement under which the partnership will acquire ALLETE for $67.00

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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. It’s the same basic income stream that pensioners receive from corporations who moved pension funds into indexed annuities.

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Pension Pulse

FEBRUARY 16, 2024

Having said this, the stock market is incredibly concentrated in a few names and the risks of something bad hitting us are on the rise here, which is why you should all take these 13F filings with a grain of salt here. They include funds run by legendary investors like Warren Buffet, Seth Klarman, Ron Baron and Ken Fisher.

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Pension Pulse

AUGUST 18, 2023

And with the bond yield high enough, that poses competition for equity investors who feel the bond market is less risky than the stock market right now.” In late July, when I openly wondered when will the stock market crash , I wasn't trying to scare people but have seen this movie so many times before, it never ends well.

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The Big Picture

DECEMBER 5, 2023

All the utilities and railroads at the beginning of the stock market were thought stable enough. We, we tended at the beginning to capitalize our companies with less debt than other investors. And oftentimes lenders, if there’s, if it’s a debt-free business goes to selling shareholders.

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Private Equity Firms Private Equity Firms Mergers and Acquisitions Debt 69

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%

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Collateral Hedge Funds Investing Assets 59

Pension Pulse

AUGUST 14, 2024

Federal Reserve postponing anticipated rate cuts, to strong stock market performance "which continued to be linked to a historic level of concentration in a handful of technology stocks." as stocks offset real estate losses: (Bloomberg) -- Caisse de Dépôt et Placement du Québec scored a 4.2%

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Hedge Funds Assets Pension Funds Portfolios 59

Pension Pulse

MAY 15, 2023

I know, the stock market is climbing the wall of worry but with a nasty recession ahead, it's only a matter of time before it implodes. credit-card debt failed to decline in first quarter for first time in over 20 years, when consumers typically try to pay off bills from the holidays. YoY as of 1Q23.

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Pension Funds Assets Consultants Consulting 52

Sara Grillo

FEBRUARY 13, 2023

This lack of fairness, transparency, objectivity and the ideology the enshrines the offering up of stock market competitiveness as a sacrificial cow of wokeness is yet another reason why ESG sucks. Does it have to be in the private markets? And if they need to boost their price back up, they can buy back stock.

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Pension Funds Investing Funds Portfolios 72

Pension Pulse

FEBRUARY 20, 2024

Operational Highlights Corporate developments Ranked first among the world’s leading public pension funds by Global SWF when measuring annualized returns between fiscal years 2013 and 2022 (Global SWF Data Platform, December 2023). and funds affiliated with Rialto Capital and acquired a 20% equity stake for US$1.2

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Stakes Pension Funds Investing Mergers and Acquisitions 59

The Big Picture

NOVEMBER 8, 2022

Our job was basically to give sort of strategic advice to Lazard clients, which would generate capital-raising mergers and debt financing. stock market was very high last year, but aggregate household wealth that the Fed actually gathers — RITHOLTZ: Record highs. CHANCELLOR: Their debt, foreign debt was 10 times GDP.

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Financing Finance Banks Hedge Funds 59

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. That beat the fund’s reference portfolio (an internal benchmark it sets for itself), which had a return of just 0.1

Investing 52

Investing Stakes Pension Funds Assets 52

Pension Pulse

MAY 19, 2023

Early Friday, Jamie Chrisholm of MarketWatch reports stocks are rallying, but investors say they’re miserable and that’s a good thing: Futures on Friday suggest the S&P 500 may pop its head through the 4,200 level again, looking to decisively break above the 400-point trading range in which it has twitched for nearly seven months.

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Hedge Funds Funds Asset Management Assets 52

The Big Picture

JANUARY 24, 2023

They grew a business where they issued junk debt. KLINSKY: You know, and what we were doing was basically advising Goldman clients how to take their own family businesses back off the stock market. KLINSKY: There had been stagflation, where the stock market was lower in ‘81 than it had been in 1968.

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Leveraged Buyouts Private Equity Firms Private Equity Firms Debt 105

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.

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Investing Buyout Stakes Assets 59

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. Meanwhile, US government debt levels have exploded, as deficits have become larger since the GFC.

Pension Funds 59

Pension Funds Private Equity Firms Private Equity Firms Assets 59

The Motley Fool

JULY 15, 2024

The bigger longer-term opportunity is leveraging our engines in Aladdin and indexing with our capital markets expertise to build the machine for the indexing of private markets. We'll provide the full range of infrastructure sector exposures, and we will offer a unique origination across developed and emerging world markets.

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The Big Picture

APRIL 11, 2023

And the only reason I can think for why dividends became the key way of returning cash is I went back to the history of markets. Bond markets preceded stock markets. So when stock markets were first open, to attract investors to buy stocks, they had to be disguised as bonds. RITHOLTZ: Not the debt.

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Pension Pulse

FEBRUARY 26, 2025

return for 2024, sees economic uncertainty ahead: The CEO of Quebecs public pension fund manager said he is counting on its diverse portfolio to help it navigate increasing economic uncertainty as he announced investment returns of nearly $40 billion in 2024. tech companies that had major gains on the stock market.

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Pension Funds Assets Portfolios Liabilities 59

The Motley Fool

OCTOBER 29, 2024

MSCI already supplies carbon emission data on more than 60,000 private companies and more than 7,500 private equity and private debt funds. In the third quarter, one of our pension fund clients in Europe ceded a $1.6 This is inevitable and just a matter of time for this demand to accelerate. Craig Huber -- Analyst Yes.

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Pension Pulse

MARCH 20, 2025

The pension funds 2024 returns fell short of its internal benchmark of 12.9 per cent, mostly because private equity returns lagged the stock markets performance, and real estate assets such as office buildings and shopping malls continued to struggle. In 2024, the pension funds publicly-traded stocks gained 23.2

Pension Funds 59

Pension Funds Assets Liabilities Funds 59

Pension Pulse

FEBRUARY 25, 2025

Nicolas Van Praet of the Globe and Mail reports pension giant Caisse strikes deal to acquire Innergex Renewable Energy: Canadian pension fund giant Caisse de dpt et placement du Qubec has struck a deal to buy Innergex Renewable Energy Inc. in a bid to leave the short-term view of stock market investors behind.

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The Big Picture

MARCH 21, 2023

Antti Ilmanen and I wrote a paper, I forget the exact title, I think one of them was called Sin a Little, where we say, timing the market, and this applies to the bond market as well as the stock market, is an investing sin. One is most of it is a reallocation of the stocks. ASNESS: — with another stock.

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Hedge Funds Financing Finance Funds 69

The Big Picture

JUNE 20, 2023

MORGENSON: And so it looked like it was really a pretty reasonable reaction to what had been years of undervalue in the stock market. That was sort of unfathomable at the time, that someone could buy a giant, publicly traded company strictly with low-cost debt. Its expenses increase dramatically to pay those debt expenses.

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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? And two key components of financial conditions are the bond and stock market.

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