Pension managers’ pooled funds posted meagre returns in the third quarter of 2018, according to Morneau Shepell Ltd.’s performance universe. Markets were less synchronized during the latter half of 2018, leading to more mixed results than earlier in the year, noted the report, which showed a median return of 0.4 per cent before management fees. However, this […]
Three new senior appointments at the Ontario Teachers’ Pension Plan include new roles for Gillian Brown, Danilo Simonelli and Saurabh Rastogi. Brown will lead the pension fund’s capital markets group as senior managing director. The team manages total fund exposure to a number of asset classes, including equity, fixed income, credit and inflation sensitive. Since joining the Ontario Teachers’ in 1995, Brown has […]
For nearly a decade, analysts have been considering where the next market downturn will come from and when it will strike. But with the Dow Jones Industrial Average’s 800-point drop on Oct. 10, 2018, some asset managers are wondering whether it’s already begun. Amid the uneasiness, Sun Life Global Investment Management is pointing to a number of clouds on […]
The Canada Pension Plan Investment Board is acquiring a controlling stake in Companhia Energética de São Paulo, a Brazilian hydro-generation company, through a joint venture with Votorantim Energia. The 80.2 per cent stake in the company’s common shares and 13.7 per cent in its class B preferred shares represents an investment of about $604 million. Read: CPPIB invests $272 million in […]
Factoring environmental, social and governance considerations into investment decisions is good risk management, according to one pension plan sponsor. “Definitely for real assets, we see it presenting risks, but also opportunities,” said Donna Mathieu, chief executive officer of NAV Canada Corp.’s pension plan, while speaking on a panel at the Canadian Pension and Benefits Institute’s 2018 […]
The traditional move away from equities to fixed income over a target-date fund’s glide path is too simplistic to produce optimal outcomes for members, according to Neil Walton. Speaking at the 2018 Defined Contribution Investment Forum in Toronto in September, Walton, head of investment solutions in the portfolio solutions group at Schroders Investment Management, told […]
As the investment landscape gets more complicated, defined contribution pension plan members’ investment options need to keep up, said Chhad Aul at the 2018 Defined Contribution Investment Forum in Toronto in September. Portfolio managers are currently operating in a unique environment, said Aul, portfolio manager at Sun Life Global Investments. This includes the easing off of many central banks’ […]
Ensuring a glide path’s asset allocation is correct is really important since it’s going to be managing the bulk of positions for so many defined contribution plan members, according to Ruthann Pritchard, speaking at the 2018 Defined Contribution Investment Forum in Toronto in September. While the level of equity within the glide path at any given moment […]
The Canada Pension Plan Investment Board says it isn’t yet interested in making direct investments in Canada’s newly legalized recreational marijuana industry. Michel Leduc, global head of public affairs and communications, says the sector is “not an area of focus” for the organization that invests Canada Pension Plan funds on behalf of about 20 million Canadian contributors and beneficiaries. […]
The Caisse de dépôt et placement du Québec is increasing its investment in an Indian solar power company to 40 per cent. The Caisse is contributing US$100 million to Azure Power Global Ltd.’s latest round of capital raising, bringing its total investment to US$240 million. “Through this investment, we are reaffirming our commitment to Azure Power and […]