Pension Pulse

NOVEMBER 18, 2024

This article was written in late October and it confirms a trend we have been seeing since last year, namely, Canada's large pension funds are tapping into the secondaries market to get rid of underperforming fund stakes to shore up liquidity and diversify vintage year risk. percent, according to information from PSP.

Stakes 59

Stakes Professional Services Buyout Pension Funds 59

Pension Pulse

NOVEMBER 13, 2023

James Hirai of Bloomberg reports Dutch pension funds send shockwaves through euro swap market: Dutch pension funds 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.

Pension Funds 59

Pension Funds Funds Liabilities Asset Management 59

Private Equity Insights

JULY 5, 2024

The company reported €104 million of adjusted earnings before interest, taxes, depreciation and amortization. Read more BlackRock Unveils Climate Policies for $150bn in Funds BlackRock Inc. is singling out funds with combined assets of $150bn for an extra screen designed.

Stakes 130

Stakes Mergers and Acquisitions Private Equity Firms Private Equity Firms 130

The Big Picture

APRIL 3, 2023

The consulting firm Global SWF tracks all the important info about Sovereign Wealth Funds (SWFs) and Public Pension Funds (PPFs). Its an amazing collection of charts and data. The asset value peak was $33.6 trillion (USD) in 2021; that’s down only slightly to $31.4 trillion as of the end of 2022.

Pension Funds 124

Pension Funds Funds Consulting Consultants 124

Private Equity Insights

JULY 12, 2024

European utility Engie has joined forces with Canada’s second-largest pension fund to try to buy British power network Electricity North West (ENWL), according to two sources with knowledge of the matter. Read more South Korea’s Hahn & Co raises $3.4bn for new buyout fund Aircraft landing gear maker Héroux-Devtek Inc.

Bidding 130

Bidding Private Equity Firms Private Equity Firms Buyout 130

Private Equity Insights

JUNE 27, 2023

EQT acquired Galderma – then Nestle’s Skin Health arm – in 2019 as part of an investor consortium that also included the Abu Dhabi Investment Authority (ADIA) and Canadian pension fund PSP Investments. billion in net sales in 2022 with earnings before interest, tax, depreciation and amortisation (EBITDA) of $791 million.

Initial Public Offering 130

Initial Public Offering Private Equity Firms Private Equity Firms Pension Funds 130

The Motley Fool

JUNE 20, 2024

The problem is that it comes with many of the complications of owning a partnership, including a K-1 statement come tax time. The tax implications limit the appeal of Brookfield Renewable Partners to largely small investors. However, at the end of the day, both of the Brookfield Renewable options represent the exact same entity.

Asset Management 130

Asset Management Pension Funds Assets Taxes 130

The Motley Fool

SEPTEMBER 30, 2024

Dividends from REITs are taxed at an investor's regular income tax rate.) Entities like insurance companies and pension funds could find it a very useful tool. In fact, REITs avoid corporate-level taxation as long as they pass at least 90% of their taxable income on to shareholders via dividends.

Capital 130

Capital Initial Public Offering Collateral Pension Funds 130

Private Equity Wire

JULY 2, 2024

That fund is now fully invested in platform companies, with the remaining capital reserved for follow-on growth investments. Investors in Fund VII include approximately 400 pension funds, insurance companies, sovereign wealth funds, asset managers, foundations, endowments, family offices, RIAs and high net worth individuals.

High Net Worth Individuals 98

High Net Worth Individuals Pension Funds Funds Enterprise Values 98

Private Equity Insights

AUGUST 17, 2023

Both companies are publicly traded master limited partnerships, a corporate structure that pays virtually no corporate income taxes by providing income to unit holders. Warren owns 81.2% of the company’s general partner and is moving to expand into liquefied natural gas and chemicals.

Pension Funds 130

Pension Funds Taxes Debt Banks 130

The Motley Fool

JULY 22, 2024

Put in your 30 or 40 years of service (often at the same company) and your pension would let you live out your retirement in relative comfort. Then most companies replaced pensions with 401(k)s, putting the burden of saving on workers, rather than the company. Are we all destined to work until 80 and live off of ramen?

Pension Funds 130

Pension Funds Taxes Funds Assets 130

The Motley Fool

DECEMBER 7, 2023

Put a REIT into a tax-advantaged Roth account and you can avoid taxes altogether. While that might include some small investors, AGNC is really most appropriate for large investors like pension funds and insurance companies. AGNC Investment is structured as a real estate investment trust (REIT). It's a mortgage REIT.

Collateral 130

Collateral Mutual Funds Pension Funds Depreciation 130

Private Equity Insights

JUNE 27, 2023

Investors in the Fund, which were a mix of numerous new investors as well as existing New Mountain Net Lease investors, include pension funds, insurance companies, asset managers, endowments, family offices and high net worth individuals. Since inception, New Mountain’s net lease strategy has completed $1.9

High Net Worth Individuals 130

High Net Worth Individuals Capital Funds Private Equity Firms 130

The Motley Fool

DECEMBER 3, 2024

Real estate investment trusts (REITs) are designed to pass income on to investors in a tax-advantaged manner. Most dividend investors won't fall into this category of investing, which is usually the purview of institutional investors like pension funds. dividend yield.

Investors 130

Investors Pension Funds Taxes Shareholders 130

The Big Picture

APRIL 15, 2023

The Believer ) • Groundwater Gold Rush : Banks, pension funds and insurers have been turning California’s scarce water into enormous profits, leaving people with less to drink. Phenomenal World ) • The False Promise of Opportunity Zones : Tax breaks for investors don’t help poor communities.

Pension Funds 111

Pension Funds Venture Capital Taxes Banks 111

The Motley Fool

OCTOBER 31, 2024

trillion of assets under management supporting defined benefit and defined contribution plans, PGIM serves more than half of the world's 300 largest pension funds. Our pre-tax adjusted operating income was $1.6 per share on an after-tax basis for the third quarter of 2024 and $9.98 on an after-tax basis.

Liabilities 130

Liabilities Assets Capital Shareholders 130

Pension Pulse

JUNE 5, 2023

Amir Barnea, associate professor of finance at HEC Montréal, wrote a comment for the Toronto Star asking if Canada is cracking down on taxes, why does our national pension plan pay less than two per cent?: When it comes to performance, Canada’s national pension fund rightfully boasts impressive results.

Pension Funds 52

Pension Funds Legal Investing Taxes 52

Pension Pulse

MAY 8, 2024

Ishika Mookerjee and Sheryl Tian Tong Lee of Bloomberg report Quebec pension struggles to deploy $7 billion for energy transition: One of Canada’s biggest pension funds says it hasn’t been able to deploy the CAD 10 billion ($7.3 Some metrics CDPQ looks at include carbon intensity, diversity and inclusion, and tax compliance.

Pension Funds 64

Pension Funds Financing Finance Deal Flow 64

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.

Pension Funds 64

Pension Funds Investing Assets Debt 64

Pension Pulse

AUGUST 12, 2024

Former Conservative chancellor Jeremy Hunt also wanted to build a Canadian-style pensions model in Britain, but progress had been slow. Reeves has announced a review, overseen by the new pensions minister Emma Reynolds, to look into how to achieve scheme consolidation and put pension funds to use in promoting UK growth.

Pension Funds 59

Pension Funds Assets Funds Asset Management 59

Pension Pulse

MAY 13, 2024

Bob Baldwin wrote an op-ed for the Globe and Mail stating a proposal to encourage more pension fund investing at home is wrong for Canada: Last month’s budget unveiled a working group led by former Bank of Canada governor Stephen Poloz to collaborate with pension fund leaders to encourage funds to invest more of their assets in Canada.

Pension Funds 52

Pension Funds Financing Finance Banks 52

Pension Pulse

OCTOBER 22, 2024

Thomas Gualtieri and Dinesh Nair of Bloomberg report Canadian Pension Funds Ready €7 Billion Sale of Cubico: Canada’s Ontario Teachers’ Pension Plan and PSP Investments are about to kick off the sale of renewable energy company Cubico Sustainable Investments, according to people with knowledge of the matter.

Pension Funds 59

Pension Funds Investing Assets Enterprise Values 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%

Pension Funds 52

Pension Funds Taxes Hedge Funds Debt 52

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.

Leveraged Buyouts 59

Leveraged Buyouts Buyout Pension Funds Mergers and Acquisitions 59

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.

Pension Funds 104

Pension Funds Assets Consultants Consulting 104

Pension Pulse

APRIL 18, 2024

The good news is super wealthy Canadians are going to pay more in capital gains taxes and save our healthcare and economic malaise in one fell swoop! Last week, John Graham, President and CEO of CPP Investments wrote a comment on a national pension promise which I covered here. Taxes are the cure all!" Totally insane!

Pension Funds 59

Pension Funds Investing Taxes Assets 59

Pension Pulse

DECEMBER 6, 2023

Nest, the UK government-backed workplace pension fund, said it preferred proven business models to early-stage venture capital. Huge pension funds in Canada and Australia have been held out as examples that UK schemes could follow to improve returns. Graham said: “If you want more private investment, you need stability.

Pension Funds 59

Pension Funds Investing Banks Assets 59

Pension Pulse

APRIL 10, 2024

CDPQ is one of the only investors in the world to have made a commitment to encourage tax best practices at its portfolio companies, including compliance with a minimum tax rate of at least 15%, as recommended by the OECD and supported by the G20. Governance CDPQ employs solid governance practices.

Pension Funds 59

Pension Funds Investing Best Practices Assets 59

Pension Pulse

NOVEMBER 20, 2023

Up until 2005, Canadian federal income tax legislation restricted foreign investment by Canadian pensions. And this was now possible because the federal tax restrictions on foreign investment that were in place up until 2005 had been removed. China and Russia).

Pension Funds 59

Pension Funds Investing Leveraging Assets 59

Pension Pulse

MAY 23, 2023

A mixture of things, with Robert Maxwell’s theft (1991), Gordon Brown’s dividend tax raid (1997), and accounting standard FRS 17 (2000) all playing a part. But combined, these things all made providing DB pensions increasingly burdensome for private sector companies. What killed the corporate DB scheme?

Pension Funds 52

Pension Funds Liabilities Assets Taxes 52

Pension Pulse

AUGUST 14, 2023

Cubico's owners are aiming for a valuation of about 10 times its earnings before interest, taxes, depreciation, and amortization (EBITDA) of $641 million in 2022, the sources said. Cubico is endorsed by two of Canada’s biggest pension funds and has a worldwide portfolio in ten states with an installed gross capacity of roughly 3.1GW.

Pension Funds 52

Pension Funds Investing Amortization Depreciation 52

The Motley Fool

OCTOBER 11, 2024

increased 5%, reflecting a higher tax rate compared to a year ago. Our as-adjusted tax rate for the third quarter was 26%. The prior-year quarter included $215 million of discrete tax benefits, while the third quarter of 2024 was impacted by $22 million of discrete expense. Earnings per share of $11.46

Assets 130

Assets Leveraging Mergers and Acquisitions Mutual Funds 130

Pension Pulse

JULY 18, 2023

Business Wire reports that Norway's sovereign fund tops global transparency ranking: TORONTO — Norway’s sovereign wealth fund, Government Pension Fund Global, has topped the list of the most transparent funds according to the Global Pension Transparency Benchmark’s 2023 findings.

Pension Funds 52

Pension Funds Funds Banks Assets 52

The Motley Fool

JANUARY 2, 2024

The expense of trying to transform that, if we can't or are unable to, what does that mean for a city like New York's tax revenues? New York City, think about just the millions and millions of square feet of office space in Manhattan that's probably not being used right now or very underutilized. What happens to all that?

Assets 246

Assets Private Equity Firms Private Equity Firms Crowdfunding 246

The Motley Fool

FEBRUARY 6, 2024

We expect to generate free cash flow in the range of $100 million to $300 million for the full year of 2024, and this includes an approximate $700 million tax refund received during the first quarter of this year. We do not have any required or planned discretionary pension fund contributions in 2024. billion to $2.9

Taxes 130

Taxes Debt Leveraging Banks 130

Pension Pulse

APRIL 29, 2024

Community Engagement through a Tax Abatement Process The previous owner of the Limewood project established a tax abatement agreement with Bell County. Community Engagement through a Tax Abatement Process The previous owner of the Limewood project established a tax abatement agreement with Bell County.

Stakes 59

Stakes Pension Funds Financing Finance 59

Pension Pulse

MAY 25, 2023

The firm’s experienced teams enable high net worth individuals and families as well as, medium to large sized companies, pension funds and trustees, asset managers, and their investors to focus on their core activities by choosing ZEDRA as their trusted partner. A decade ago, South Dakotan trust companies held $57.3bn in assets.

Stakes 52

Stakes High Net Worth Individuals Taxes Buyout 52