With some jurisdictions gently reducing coronavirus-imposed restrictions, institutional investors are beginning to lay out possible scenarios for economic recovery. The terms V- and U-shaped recovery, along with arguments over which is more likely, have swirled throughout the past few months as economies around the world shut down huge swathes of their normal activities. Alessio de […]
The Investment Management Corp. of Ontario is committing US$250 million to Apollo Global Management Inc.’s new Accord Fund III series B. The fund is focused on acquiring credits that have traded down due to liquidity-driven selling and non-economic reasons. “This is an example of IMCO adapting to market conditions and exploiting our liquidity very quickly so that clients have […]
With some jurisdictions gently reducing coronavirus-imposed restrictions, institutional investors are beginning to lay out possible scenarios for economic recovery. The terms V- and U-shaped recovery, along with arguments over which is more likely, have swirled throughout the past few months as economies around the world shut down huge swathes of their normal activities. Alessio de Longis, […]
Even before the coronavirus began affecting capital markets, fixed income investors were becoming more risk averse, according to Invesco’s latest survey. Close to half (43 per cent) of investors surveyed in late 2019 said they felt the then economic cycle had a year or less left to run and were adapting their portfolios accordingly. In some cases, this change […]
In recent years, investing with a gender lens has become far more popular among institutional investors. “Part of it is awareness and part of it is some of the performance,” said Jackie VanderBrug, managing director and head of sustainable and impact investment strategy at Bank of America Corp., during a webinar hosted by the Forum for […]
The U.S. Treasury Department is detailing how it plans to borrow a record-breaking $2.99 trillion in debt this quarter, which will include issuing a 20-year bond for the first time since 1986. The Treasury faces an unprecedented need for credit because of the trillions of dollars the government is spending to deal with the impact […]
Last August, I wrote about whether central banks were creating a financial bubble with their coordinated easing programs intended to spur economic growth and/or lift inflation. In January 2020, I wrote about the end of the economic cycle, the potential for a recession and what that might mean for positioning an investment portfolio. Little did I […]
The Investment Management Corp. of Ontario reached $70.3 billion in assets under management at the end of 2019, up from $63.3 billion at the end of 2018. In its latest annual report, the organization, which manages assets for certain broader public sector institutions, shared its growth in assets under management, but didn’t report its 2019 investment returns. “It’s important […]
While the Canadian retirement industry has spent a lot of time focusing on the accumulation stage, the decumulation conversation is much further behind. For defined contribution pension plans, almost all jurisdictions across the country have now passed variable benefits legislation, including Ontario, which began allowing the option on Jan. 1, 2020. However, despite receiving legal […]
Canadian defined benefit plans saw a median return of negative 7.1 per cent in the first quarter of 2020, after enduring a historic period of market volatility and economic turmoil resulting from the global pandemic crisis, according to both the Northern Trust Canada universe and the RBC Investor and Treasury Services universe. Northern Trust Canada […]