While the Canada Pension Plan Investment Board’s modest 3.4 per cent investment return announced last week will have minimal short-term effects, its investment income will have significant…
The reduction of a home-country bias, especially in equities, and an increase in the percentage of non-market-correlated strategies in investment portfolios are two prominent investment themes…
The Public Sector Pension Investment Board has become the sole shareholder of Isolux Infrastructure, which will serve as the pension investment manager’s new global road…
This week, Dean DiSpalatro, senior editor of Benefits Canada‘s sister publication, Advisor.ca, is reporting live from the CFA Institute’s annual conference. One of the first sessions featured a…
When it comes to embracing risk, Canada’s defined benefit pension plans aren’t just looking at infrastructure. Chronically low interest rates — and the resulting low…
It’s been a bumpy year on global stock markets and at least some plan sponsors appear to be fastening their seatbelts in anticipation of more…
“These Canadians own your town,” Fortune magazine declared in December 2015, referring to the massive infrastructure and real estate investments Canadian pension funds have made…
In our introductory article on volatility, A Real-Life Stress Test, we argued that the capital markets have entered a prolonged cycle of higher expected volatility.…
In recent years, Canada’s largest companies have struggled with the inherent ups and downs of managing risk in their defined benefit pension plans. Two employer-sponsored…
When it comes to reducing pension risk, there’s an interesting dynamic between desire and ability. During periods when the desire to de-risk is high, the…
For many Canadian pension investors, the Canadian dollar has been a source of tremendous volatility in recent years. After reaching a post-financial crisis high of…
Alberta Investment Management Corporation (AIMCo) has reported a 9.1% rate of return on its total assets under management for the year ending December 31, 2015.…
The federal government will seek additional funding from Canada’s pension funds as it looks to invest more than $120 billion in infrastructure over the next…
Five years ago, Mats Andersson had an epiphany. The CEO of the Fourth Swedish National Pension Fund, known as AP4, was travelling to meet with…
In hindsight, everybody would have invested in Apple back when it was a smaller, obscure private company. But as its founder Steve Jobs famously once…
We’ve been called Maple Revolutionaries and the new masters of the universe. For years now, it has been a heady thing to be one of…
Caisse de dépôt et placement du Québec has announced its commitment to invest US$150 million in renewable energy in India as it establishes a CDPQ…
The number of U.K. company pension schemes entering into longevity swaps and bulk-annuity deals in 2016 is expected to increase due to schemes recognizing the importance…
You can just imagine 19th-century blue-blooded jaws dropping when stock traders reportedly started the practice of sending runners across exchange floors to place bids and…
Canada’s economic conditions gradually improved in the second half of 2015 as the country climbed out of a technical recession. But as the economic tailwinds…
The vast majority (92%) of pension funds are planning to upgrade their governance model over the next 12 months, according to new research by State…
The CPP fund ended 2015 with net assets of $282.6 billion, compared to $272.9 billion at the end of the previous quarter, according to the latest…
Canada’s largest pension funds are walking away from more and more global infrastructure deals, saying that competition for assets has driven valuations too far, according to…
Canada’s top economists, strategists and portfolio managers expect tepid growth for Canada in the near term, which will result in continued low interest rates, modest…