Pension Pulse

SEPTEMBER 3, 2024

Over the last decade, the real estate arm of Quebec’s $300 billion pension fund tore through U.S. When the company acquired the building in 2013 (it paid $850 million for a majority stake, then bought the remaining interest in 2016 for $913 million), it financed it with a $1 billion CMBS loan based on an appraised value of $2 billion.

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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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The Big Picture

MAY 9, 2023

I didn’t really know much about the world of finance. So how do you then go from tax and audit practice to finance and investing? Quote, “The world of finance isn’t as complicated as newcomers expect. In order to compete and win in so many things today in finance, you have to be super specialized.

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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

NOVEMBER 24, 2023

Earlier today, I spoke with Peter Letko and Daniel Brosseau of LetkoBrosseau Global Investment Management to set the record straight on where they stand on Canadian pension funds investing more in Canada. Finance Minister Chrystia Freeland’s fall economic statement did not help.

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Pension Pulse

MAY 23, 2024

But what’s even more relevant, he says, is that with $88 billion now invested in a province with a GDP of nearly $500 billion, “the Caisse is the pension fund that is the most invested, in the world, in its local economy.” Seated at Emond’s left elbow, a powerful ally—Quebec Finance Minister Eric Girard—comes to the Caisse’s defence.

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Pension Pulse

SEPTEMBER 21, 2023

Now that it's been released, the next few months will see former Progressive Conservative finance minister Jim Dinning head up a panel that will consult with Albertans on the idea over the fall and into spring 2024. Third, Don Braid of the Calgary Herald writes Canada Pension Plan says flat 'NO!'

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Pension Pulse

MAY 16, 2023

Canada's large pension funds are globally known investors, managing more than $1 trillion of savings, but their exposure to domestic equities has steadily declined over the past decade since Canadian equity markets represent just 3% of the global equity market. The finance ministry did not immediately respond to an email query.

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Pension Pulse

FEBRUARY 21, 2024

That is a significant financing competitive advantage.” The company, which has the fourth-highest investment grade rating with S&P Global Ratings, is able to raise funding at similar levels to the Province of Quebec, its sole shareholder. Bonds of Hydro-Quebec are both very green and very liquid,” Sabia said.

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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. The size of the asset-based finance market is about $5 trillion to $10 trillion, he said.

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Pension Pulse

MAY 23, 2023

One totemic statistic on this front (and one which — hands up — I’ve thrown around myself) is the fact that DB pension funds have gone from having something like half of their assets in UK equities in the mid-1990s to less than 2% today. But there’s a good reason for this.

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Pension Pulse

AUGUST 1, 2024

Arleen Jacobius of Pensions & investments also reports CalSTRS beats its benchmark with 8.4% billion, West Sacramento-based pension fund reported. and the pension fund's 7% assumed rate of return. CalSTRS funded status was 75.9% The CalSTRS funded status was 75.9% benchmark, the $337.9

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Pension Pulse

JUNE 4, 2024

For this to happen, the adoption of a green and transition finance taxonomy — such as the one proposed by the Sustainable Finance Action Council — is necessary. As far as transition assets, there are opportunities for pension funds to earn great returns but it's a much longer process and requires a lot more work.

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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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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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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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The Big Picture

SEPTEMBER 19, 2023

Previously she was Chief Investment Officer at various state pension funds, including Maryland and Hawaii. So how does that relate to finance? And so they were both in finance and I decided that must be the absolute last thing I ever wanted it to do. So you end up going from the fund of funds to pension funds.

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Pension Pulse

FEBRUARY 22, 2024

The private equity portfolio was affected by interest rate hikes as well as by an increase in financing costs, which affected certain private companies. 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. and down 0.2%

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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 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

SEPTEMBER 24, 2024

She is also a former vice-chair of the board of the Healthcare of Ontario Pension Plan (HOOPP). a pension fund which manages C$168.9 He holds a BBA Honors Finance and Economics from the University of New Brunswick. But like I often say, never a dull moment at Canada's large pension funds, that's for sure.

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Pension Pulse

APRIL 18, 2024

Pension engagement panel chair Jim Dinning said in December about half of the feedback gathered by the panel had been opposed to leaving the CPP. Speaking at the legislature Wednesday, Finance Minister Nate Horner said he was unsure if that ratio had changed. Can we improve their governance?

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Pension Pulse

FEBRUARY 14, 2024

Oliver Senter, Executive Officer of Shizen Energy responsible for Investment & Finance, said: “We are delighted to announce a first co-investment project between CDPQ and Shizen. With a partner like Shizen Energy signing 20-year VPPA with Microsoft, it's a no-brainer (those 20-year deals help pay long dated liabilities).

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Pension Pulse

DECEMBER 20, 2023

Setting asset mix is a judgment-based exercise and needs to consider potential liability matching objectives, liquidity considerations, risk tolerance, areas of comparative investment advantage, and an investor’s world view. We continue to recommend growth-oriented portfolios to clients with the right risk tolerance and liabilities.

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The Motley Fool

APRIL 18, 2024

We're buying as well as financing several firms that design, build, and service data centers. We recently financed a cloud infrastructure business supporting AI development. The firm itself could not be in a stronger position with minimal net debt and no insurance liabilities, allowing us to distribute $4.7

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Pension Pulse

AUGUST 17, 2023

“The renewable energy, telecommunications and transportation sectors, to which (the Caisse) has been exposed for many years, are significant vectors of performance,” the pension fund said. In the first half of 2023, higher financing costs hurt the Caisse’s private-equity portfolio, which posted a return of 1.4 per cent. “In

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Pension Pulse

JULY 4, 2023

Government concern about the pressure on Thames Water’s finances has been growing for several months. The company is still in talks with its shareholders about raising as much as £1 billion in fresh funds following a £500 million injection agreed last year. What happened to Bentley?

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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. We have held TIPS in the past but it's not a core part of our liability hedging portfolio.

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The Motley Fool

JULY 14, 2023

Through our diversification and strong performance, we can help clients better match their long-dated liabilities, achieve their operational objectives, and streamline their processes. To this end, we recently announced our planned acquisition of Kreos Capital, a leading provider of venture debt financing in Europe.

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The Motley Fool

NOVEMBER 5, 2024

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.

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Pension Pulse

JUNE 27, 2023

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. 1 Includes clients’ investment liabilities achieved through government bond repurchase agreements.

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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. The pension fund manager’s results were buoyed by strong gains from stocks and bonds, but its real estate portfolio lost 7.2 in 2023, an annualized 8% for the three-year period and an annualized 7.3%

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The Motley Fool

OCTOBER 11, 2024

Record government deficits and tighter bank lending means people, companies, and countries will increasingly turn to markets to finance their retirements, their business, and their economies. A number of significant whole portfolio institutional mandates funded in the quarter, and we continue to be chosen for large global solutions.

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Pension Pulse

AUGUST 14, 2024

The institution attributed it in particular to difficulties in the office sector and the high interest rate environment, which weighs on financing costs. return in the first half of the year, as big gains in public and private equities helped the fund overcome losses on real estate and bonds. for the index. for the index.

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Pension Pulse

JULY 26, 2023

As intermediaries making decisions on which entities obtain finance and which do not, investors play a unique role in shaping the economy. 1) Such awareness is growing in finance and more institutions are stating an intent to conduct business responsibly. This is particularly true of the investment sector.

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Pension Pulse

JULY 31, 2023

I think it’s important that we do these projects, and of course we need the financing of the federal government.” The REM speaks to our dual mandate, as it will generate significant economic benefits for Québec and each time passengers step on board, they will contribute to financing their retirement.

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The Big Picture

NOVEMBER 8, 2022

His latest book could not be more timely, “The Price of Time: The Real Story of Interest,” it’s all about the history of interest rates, money lending, investing speculation, funded by banks and loans and credit. According to Chancellor, interest is the single most important feature of finance, both ancient and modern.

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