absolute return – Benefits Canada.com

2022 IIC coverage: Diversifying fixed income portfolios with alternatives

Gideon Scanlon — Mon, 16 Jan 2023 12:52:00 +0000

“What we’ve observed year to date is nothing short of historic in nature,” said Steve Guignard, senior director of client solutions at Sun Life Capital Management, referring to the poor performance of the FTSE Canada Universe Bond Index, which dipped 12 per cent in 2022. “The market’s erratic and unpredictable behaviour is very similar to […]

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Nav Canada, Goodyear Canada share experiences with LDI in low interest rate world

mschmit — Thu, 19 Nov 2020 04:04:29 +0000

Despite the low interest rate environment, it still makes sense for defined benefit pension plan sponsors to adopt a liability-driven investment strategy, said Serge Lapierre, global head of LDI at Manulife Investment Management, during a webinar sponsored by the firm on Monday. LDI investing is a risk management framework, he noted. “It’s not an asset […]

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PSP Investments sees -0.6% net return for fiscal year

mschmit — Fri, 10 Jul 2020 08:41:47 +0000

The Public Sector Pension Investment Board posted a negative 0.6 per cent net return for the fiscal year, which ended March 31, 2020. Severe market declines in the lead up to the end of March took a heavy toll. However, the fund did outperform its reference portfolio, which saw a negative 2.2 per cent return. […]

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Is it time for pension plans to do away with absolute return benchmarks in infrastructure?

mschmit — Fri, 10 Jul 2020 04:00:55 +0000

For years, institutional investors have used absolute return or cash-plus benchmarks to measure infrastructure performance, but it’s time to put these in the past and adopt market-relevant benchmarks based on fair value and representative data, according a new paper by the EDHEC Infrastructure Institute. “From the viewpoint of the state of the art in financial […]

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Moving to a sustainability mindset at Concordia University’s pension plan

mschmit — Fri, 11 Oct 2019 05:59:34 +0000

In just a few short years, Concordia University’s pension plan has transformed its governance model and investment approach. Before the financial crisis, the university’s plan, like many plans, had its assets in a 60/40 mix, said Marc Gauthier, Concordia’s treasurer and investment officer. Yet, in the financial crisis, its funding ratio went from 101 per […]

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