Pension Pulse

MAY 24, 2024

Pretty harsh and I painstakingly tried to explain to my friend that the goal of CPP Investments isn't to try to match its Reference Portfolio or beat it and that it's true that no pension fund (not just CPP Investments) or fund manager has consistently beaten the S&P 500 over the last 20 years, that doesn't mean active managers are "useless".

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Private Equity Wire

OCTOBER 23, 2024

When pension fund managers faced margin calls tied to liability-driven investments (LDIs) following the collapse in gilt prices, the central bank had to intervene to stabilise the market. “We Bailey also urged other central banks to introduce similar emergency measures for non-bank institutions to prevent future systemic crises.

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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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Pension Pulse

OCTOBER 17, 2024

Over the summer, multiple associations representing OMERS members wrote to the government urging it to review governance at the $133-billion pension fund, which invests on behalf of more than 626,000 Ontario public service workers.

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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. It may seem appealing to encourage pension funds to invest more of our combined funds of over $2-trillion in Canada.

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Pension Pulse

SEPTEMBER 3, 2024

Over the last decade, the real estate arm of Quebec’s $300 billion pension fund tore through U.S. Assets and liabilities Ivanhoé Cambridge got its start in the 1950s when Montreal grocer Sam Steinberg started buying up local shopping centers. The Caisse pension fund reported a -6.2 In New York, it paid $2.2

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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

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.” More than ever, Canada’s largest pension funds are being pressed to play the same role in the rest of the country.

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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. All other pension funds did not respond to Reuters request for comments.

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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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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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The Big Picture

MAY 9, 2023

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. RITHOLTZ: You mentioned liability. RITHOLTZ: — than a family office. SALISBURY: Sure.

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Pension Pulse

FEBRUARY 21, 2024

Michael is plugged into the Maple Eight, obviously knows Charles Emond very well and he knows he can pitch this idea to Canada's mighty pension funds or go to public markets to sell green bonds.

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Pension Funds Debt Liabilities Stakes 59

The Motley Fool

AUGUST 2, 2024

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 pension funds, including over two-thirds of the largest 100 U.S. pension plans, and is the largest pension fund manager in Japan.

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Pension Pulse

SEPTEMBER 21, 2023

Third, Don Braid of the Calgary Herald writes Canada Pension Plan says flat 'NO!' to Alberta claim on half of CPP assets: Without a gun, a mask and a note to the teller, there’s no way one province can demand half the national pension fund and hope to escape with the loot.

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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

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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Leveraged Buyouts Buyout Pension Funds Mergers and Acquisitions 59

The Motley Fool

SEPTEMBER 6, 2023

This settlement, it's not a ruling, it's a settlement, comes with, you're not going to believe this, Dylan, no admission of liability. I guess there are some companies that accidentally bought asbestos liabilities in the past. It wasn't even 3M producing a product. It was 3M buying a product. I suggest Vanguards.

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Pension Pulse

AUGUST 28, 2023

Patrick DeRochie, senior manager of Shift Action for Pension Wealth and Planet Health , wrote an op-ed for the Globe and Mail, stating Canada is burning, so why is our national pension fund still heavily into fossil fuels?: Repeat after me: Keep your goddamn political views out of our national 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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Pension Pulse

JUNE 4, 2024

In turn, it makes it possible for large investors such as pension funds, endowment funds, mutual funds and insurance providers to share with their thousands of members that their action plans are credible and verifiable. In private markets, they were a bit better but the lag there will catch up to these assets.

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Pension Funds Investing Assets Education 59

Pension Pulse

AUGUST 15, 2024

The pension fund had solid returns from its portfolio of public stocks, which gained 10.4 But stocks make up only 19 per cent of the pension fund’s assets after it shifted billions of dollars from equities into government bonds and credit investments, seeking to take advantage of high interest rates. dollar to earn a 4.4-per-cent

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Pension Funds Assets Liabilities Portfolios 59

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

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

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

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. This approach ensures AIMCo taps sufficient risk but also protects against embedding too much connected risk.

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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 you end up going from the fund of funds to pension funds. I had a a two brief jobs between the, the fund of funds in Maryland and business school in between there. Absolutely.

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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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Tucker Advisors

SEPTEMBER 27, 2021

As an added protection for policyholders, a failing insurance company cannot access federal bankruptcy laws to escape liability for its debts. Below are 10 stories that present a trend of corporations transferring the liabilities of their pension plans into the safety of indexed annuities with insurance companies.

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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

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

NOVEMBER 20, 2023

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. Many Canadian pension must now consider non-Canadian alternatives, such as US TIPS.

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Pension Pulse

SEPTEMBER 27, 2023

Canada’s large pension funds have pulled back on some activities in China. I also want to recognize our peer Maple 8 pension fund managers, many of whom are here today. That’s one key reason large pension funds tend to seek private investments. Earlier this year, British Columbia Investment Management Corp.

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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

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 One senior pension executive emailed me: "I am very surprised as she was clearly positioned as the main person after Evan in the media and a large variety of platforms. billion ($125.24

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Pension Pulse

APRIL 18, 2024

In short, pensions aren't about beating the Nasdaq or putting all your eggs in the Magnificent Seven stocks, it's about ensuring you have enough assets to meet your future liabilities and never sustain a massive hit that jeopardizes your ability to deliver on the pension promise. Can we improve their governance?

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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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