The Ontario Teachers’ Pension Plan is facing losses from an investment in a cryptocurrency exchange that filed for bankruptcy on Nov. 11. The pension fund invested a total of US$95 million in FTX International, a Bahamas-based exchange, which was valued at US$32 billion in 2021. In October 2021, the Ontario Teachers’ invested US$75 million in FTX, followed by […]
Canada’s defined benefit pension plans improved on both a solvency basis and an accounting basis in October, according to a new report by LifeWorks Inc. The monthly pension indices report found the average Canadian DB pension plan saw its solvency ratio rise to 103.2 per cent, up 3.1 per cent from the previous month. On […]
It may take up to 18 months for central banks policies to curb inflation to around two per cent on an annual basis, says Julianna Spiropoulos, partner and head of investment strategy, investment and risk at LifeWorks Inc. “Around the world, there’s concern about persistent inflation. . . . Central banks need to get inflation […]
The value of a typical Canadian defined benefit pension plan’s assets declined in September, according to LifeWorks Inc.’s latest monthly report. An investment portfolio designed to mimic typical Canadian DB portfolios saw its assets shrink by 2.8 per cent over the month. The value of the benchmark portfolio, which is composed of 50 per cent […]
Institutional investors’ best laid plans sometimes go awry — especially following global pandemics. During a presentation at the Canadian Investment Review‘s 2022 Risk Management Conference, Marc Gauthier, treasurer and chief investment officer at Concordia University, said the dramatic events shaping the world in the past two years have challenged the university’s carefully designed investment model. […]
The average Canadian defined benefit pension plan’s projected benefit obligation fell 3.4 per cent during the third quarter of 2022, from 100.5 per cent to 97.2 per cent, and considerably faster than asset values, according to Aon’s latest pension risk tracker. While market volatility led to asset values decreasing by 0.1 per cent in the […]
The value of a typical Canadian defined benefit pension plan’s assets declined in August, according to LifeWorks Inc.’s latest monthly report. An investment portfolio designed to mimic typical Canadian DB portfolios saw its assets shrink by 2.4 per cent over the month. The value of the benchmark portfolio, which is composed of 50 per cent […]
The value of a typical Canadian defined benefit pension plan’s assets improved in July, according to LifeWorks Inc.’s latest monthly report. An investment portfolio designed to mimic typical Canadian DB portfolios saw its assets grow by 5.4 per cent over the month. The value of the benchmark portfolio, which is composed of 50 per cent […]
The median Canadian defined benefit pension plan’s investments declined 8.8 per cent during the second quarter of 2022, according to a new report by Northern Trust Canada. The report draws from the Northern Trust Canada universe, which tracks the performance of Canadian DB plans. It also found the median plan’s investments were down 14.5 per cent […]
The value of a typical Canadian defined benefit pension plan’s assets declined in June, according to LifeWorks Inc.’s latest monthly report. An investment portfolio designed to mimic typical Canadian DB portfolios saw its assets decline by 5.4 per cent over the month. The benchmark portfolio is composed of 50 per cent equities and 50 per […]