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But despite increasing concern about private equity tactics, over the past decade CPP Investments has shifted more and more of its assets into that investing category in search of high returns. If I were running a pensionfund, I would be very careful about what was being offered to me.
Arleen Jacobius of Pensions & investments also reports CalSTRS beats its benchmark with 8.4% fiscal-year return, propelled by stocks: CalSTRS earned an 8.4% net return for fiscal year 2024, beating its 7.4% billion, West Sacramento-based pensionfund reported. CalSTRS funded status was 75.9%
Others were more skeptical of the CPP and questioned its staffing, expenditures, and rate of return, with one attendee asserting she would’ve been better off storing her savings under her mattress. Ten per cent you may think is a little vanilla-flavoured but for a public fund, it’s No. Can we improve their governance?
“The renewable energy, telecommunications and transportation sectors, to which (the Caisse) has been exposed for many years, are significant vectors of performance,” the pensionfund said. Over five years, the annualized return was 9.6 per cent return. per cent, driven by the same sectors as in the first six months.”
Finally, as capital has become more scarce in a higher interest rate environment, companies are exploring partnership opportunities for their embedded infrastructure assets to improve their returns on invested capital or to raise capital to reinvest in their core businesses. So why did BlackRock acquire GIP?
of our outstanding debt at the end of the quarter was variable rate in nature, illustrating the financing flexibility we have heading into the end of the year. With that said, we strive to demonstrate a proactive forward-looking mindset as we plan, position, and evolve our financing strategy for future growth.
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 pensionfunds during a turbulent period for fixed-income markets. The pensionfund manager’s total assets increased to $112.6-billion,
James Hirai of Bloomberg reports Dutch pensionfunds send shockwaves through euro swap market: Dutch pensionfunds are plowing cash into long-dated swap contracts, according to strategists, upending one of this year’s most popular trades. The funds, by far the region’s largest with more than €1.5 in a client note.
Anyway, let me get on to covering this week in pensions. First, Shahir Gindo wrote a special to the Globe and Mail on why Canadian pensionsfunds should invest more in domestic assets to boost the economy. They don’t mention that the Maple 8 large Canadian pensionfunds collectively have around 13.5%
You’d never know it to read the latest annual report from the fund’s managers, the CPP Investment Board, which spends much of its nearly 80,000 words boasting how, thanks to the herculean efforts of its employees and the sophisticated investment stratagems of its managers, it eked out an 8-per-cent return on investment for the CPP’s beneficiaries.
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. Christine Dobby of the Toronto Star also reports CPP Investments posts 1.3% per cent return.
RITHOLTZ: So it just seems like the healthiest way to think about what is unavoidable, yet so many people within the world of finance, kind of dance around it, try not to deal with it. It’s almost like an object of pride, “Look, here are all the companies we invested in that didn’t make it. WENGER: Yes, absolutely.
You graduate Emory University with a degree in finance. RICK RIEDER, CHIEF INVESTMENT OFFICER OF GLOBAL FIXED INCOME, BLACKROCK: I don’t think it was ever in the cards, actually. Which is run by many insurance companies, pensionfunds who use Aladdin, and it’s a commercial enterprise for the firm.
billion in the Public Service PensionFund from the previous fiscal year will be shifted to general revenues. Labour leaders say workers also contributed to the fund and should benefit from any surplus, rather than having the money go toward other priorities such as new spending or reducing the size of the deficit.
The province also added the deputy minister of Treasury Board and Finance – a high-ranking public servant – as a permanent member of the board, also without pay. Current deputy minister of finance Kate White was named to the role in October, 2022, the same month Ms. and raising questions about its independence. Smith became Premier.
In a news release Thursday, the Alberta government said the “reset” at AIMCo was driven by rising costs at the Crown corporation, including third-party management fees and salaries and benefits that were not matched by a corresponding return on investment.
(AIMCo), citing a need “to restore confidence” in the provincial pensionfund manager. In the meantime, Minister of Finance Nate Horner will be AIMCo’s sole director and board chair, but will not make investment decicions or receive any pay for those roles. Siddall of his duties, and let three other unnamed executives go.
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