The average funded status for the largest U.S. defined benefit pension plans was 93.8 per cent in 2021, up from 86.2 per cent in 2020 and reaching the highest level in 15 years, according to a new report by Russell Investments Group. The report, which analyzed 19 publicly listed U.S. corporations with more than US$20 […]
The OPSEU Pension Trust is reporting a net investment return of 15.3 per cent for 2021, a result driven by strong private equity performance. In its 2021 funded status report, the OPTrust said its private equity portfolio generated a net return of 52.2 per cent. By comparison, public equities provided a net return of 12.9 […]
Nearly two years after the declaration of the global coronavirus pandemic and its subsequent impact on the worldwide economy, institutional investors are looking to the future with cautious optimism. Amid a recovering economy and rising inflation, pension plan sponsors are taking a long-term investment view and staying the course in the year ahead, while incorporating […]
While the coronavirus pandemic has taken a heavy toll among the elderly, retirees have seen their pension payments and entitlements well protected in Canada and other member countries of the Organisation for Economic Co-operation and Development, according to a new report from the organization. The average retirement age in Canada is 63.9 years for men […]
In the early days of 2020, no one could have foreseen the social and economic havoc the coronavirus pandemic would wreak on the world. Nearly two years later, as markets and economies continue to recover, Canadian pension plan sponsors are looking to their money managers to help light the way to a brighter financial future. […]
Canada’s $4 trillion pension sector could enjoy immense commercial benefits by aligning with the transition to net-zero emissions and helping to mobilize $140 billion of low carbon investments per year, according to a new report by Corporate Knights, the Natural Step Canada and the Smart Prosperity Institute. It found Canada’s 12 largest pension fund managers […]
The future has arrived — it’s just not evenly distributed yet,” wrote science fiction author and futurist William Gibson. It’s a favourite quote for Chris Evdaimon, investment manager of private companies at the investment management firm Baillie Gifford. He likes it so much that, during his presentation at the 2021 Global Investment Conference, he used […]
The Ontario Teachers’ Pension Plan and the Public Sector Pension Investment Board are part of a consortium making a binding offer to buy an Australian infrastructure investment company. The deal, which also includes the Toronto-based Kohlberg Kravis Roberts and Co., values the Spark Infrastructure Group at about AU$ 5.2 billion ($4.8 billion). It has already […]
From the rise of cryptocurrency DogeCoin and non-fungible tokens to Reddit members beating hedge fund managers at their own game, 2021 has been an eventful year in the world of retail investing. And while institutional investors might not be betting big on Gamestop Corp. or Elon Musk’s latest cryptocurrency tweet, some have inched closer to […]
The Ontario Teachers’ Pension Plan is selling Aurora Plastics, an Ohio-based plastics manufacturer, alongside its co-owner, Chicago-based private equity firm Wild Point Partners. The pension fund purchased its stake in the firm, which produces custom rigid polyvinyl chloride powders, pellets, foams and alloys for small-and medium-sized manufacturers, in 2016. At the time, it had facilities in […]