derivatives – Benefits Canada.com

2023 Risk Management Conference: A look at BCI’s transformation from a decentralized to a centralized trading approach

bmcgovern — Wed, 18 Oct 2023 11:48:16 +0000

A centralized trading approach forms the backbone of the recently revamped British Columbia Investment Management Corp., offering a more protective process for its stakeholders, according to Carmen Firmani, senior manager of client relations at the BCI, speaking during the Canadian Investment Review’s 2023 Risk Management Conference. She detailed the BCI’s transformation from a passive to a […]

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2023 GIC coverage: Overcoming liquidity challenges in private market allocations

Gideon Scanlon — Tue, 06 Jun 2023 11:53:30 +0000

“Investing in private markets comes with its fair share of challenges,” said Rémi Tétreault, director of client solutions at Trans-Canada Capital Inc., during the Canadian Investment Review’s 2023 Global Investment Conference. “There’s operational complexity, capital calls and distributions. You’ve got the selection of the right general partners . . . and there’s the challenge of […]

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Implementing a centralized trading platform at the BCI

Gideon Scanlon — Fri, 14 Apr 2023 12:53:16 +0000

In 2018, the British Columbia Investment Management Corp. adopted a centralized trading framework. The program, which brought together global derivatives and trading with almost $35 billion in equity assets, is managed by Samir Dhrolia, the BCI’s senior managing director of derivatives, trading and index portfolio management. Read: How InBenefits is aiming to prove the potential […]

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CPPIB appointing Maximilian Biagosch as senior managing director, global head of real assets

Gideon Scanlon — Thu, 23 Feb 2023 17:00:43 +0000

The Canada Pension Plan Investment Board is appointing Maximilian Biagosch as senior managing director and global head of real assets. Biagosch joined the CPPIB in 2015 and most recently served as senior managing director and head of Europe and direct private equity. In his new role, he’ll continue to serve as the CPPIB’s head of […]

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Expert panel: Is risk management the new frontier in pension governance?

bwolfe — Tue, 07 Jun 2022 13:00:47 +0000

The importance of risk management isn’t new for the majority of defined benefit pension plan sponsors and administrators. The impact of long-term interest rates, market volatility, changing demographics and increasing longevity, inflation concerns, geopolitical events and other large economic, environmental and social factors are all contributing to the need to manage the financial risks associated […]

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Top 2021 Money Managers Report: What questions should pension plan sponsors ask in 2022?

bwolfe — Fri, 19 Nov 2021 13:53:15 +0000

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. […]

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Do large public pension funds need more third-party investment reviews?

bwolfe — Fri, 17 Sep 2021 12:56:33 +0000

When the coronavirus pandemic shook up the investment landscape last spring, Canadian pension funds were also jostled by the shock wave, with the Alberta Investment Management Corp. and the Ontario Municipal Employees Retirement System among the hardest hit. And while the pandemic was an unprecedented event, such losses have raised the issue of whether Canadian pension […]

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Learn more about the Risk Management Award finalists

mschmit — Mon, 30 Nov 2020 04:06:28 +0000

The Canadian Investment Review’s Risk Management Award will go to a pension plan that has successfully implemented a robust approach to its risk management function. This can include implementing de-risking or re-risking or it can showcase day-to-day processes in place for risk management in pension plan investments. Highlights about the three finalists are available below: […]

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AIMCo board completes volatility trading strategy review

mschmit — Tue, 14 Jul 2020 05:23:19 +0000

The Alberta Investment Management Corp.’s board of directors has completed its review of a volatility trading strategy, known as VOLTS, that resulted in $2.1 billion in losses in the wake of the coronavirus crash. While the strategy would have been expected to generate some losses in periods of market volatility, the losses were far greater […]

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How CN Rail pension, ATRF tackled liquidity as markets crashed

mschmit — Tue, 09 Jun 2020 08:06:35 +0000

When the coronavirus pushed equity markets off a cliff, Canadian defined benefit pension plans had to mobilize to address a number of concerns. The Canadian National Railway Co. pension recently shifted towards a more defensive investment strategy, said Marlene Puffer, president and chief executive officer for the CN investment division of the company, at a […]

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