Based solely on the amount invested by institutions in Canadian equity mandates, it would appear that most Canadian institutional investors still prefer active management to passive benchmark replication in this particular asset class.
New AIMA Handbook touts virtues of Canada's hedge funds.
Report calls fund a "fiscal albatross".
Ontario should scrap its Pension Benefits Guarantee Fund (PBGF) in favour of a less risky alternative, says a new report from the Fraser Institute, entitled Getting Ontario’s taxpayers off the hook for private pension liabilities.
De-risking has become the holy grail of pension investment management.
Most, if not all, of the commonly used stock markets today are measured by market capitalization-weighted indexes. Many believe these indexes represent the best way of measuring how a market performs. In fact, market cap-weighted indexes have dominated the assessment of equity market performance over the past 30 to 40 years, as they are seen […]
After the economic turmoil that defined 2008 and decimated assets in many pension plans, few expected the turnaround in markets that occurred in 2009. In last year’s Top 100 Pension Funds Report, 66 of the funds on the list posted double-digit increases in assets for 2009. Only eight ended the year with decreases. While many […]
Like many elements of our investment industry, market-cap weighted benchmarks have the beauty of being long-standing, familiar and simple. Performance history is available for analysis, we all speak the same language and the indices are self-adjusting as markets appreciate and depreciate. However there are other ways of constructing benchmarks that are elegant and attractive. More […]
The Ontario Court of Appeal ruled in favour of the former employees of Indalex yesterday. The aluminum company, which filed for creditor protection under the Companies’ Creditors Arrangement Act (CCAA) in 2009, was seeking to use the proceeds from the sale of its assets to cover a $6.75-million shortfall in its underfunded pension plans. “Indalex […]
From Investmentreview.ca With most Canadian private-sector workers lacking access to a defined benefit (DB) pension plan – and with the ones who do facing Nortel-like catastrophes – naturally attention turns to the apparently greater resources of the state. Hence the preference of many union and retiree advocates for a beefed-up CPP, rather than encouragement for […]