illiquidity – Benefits Canada.com

2021 IIC coverage: Maximizing the certainty of an outcome — it isn’t just death and taxes

Gideon Scanlon — Tue, 21 Dec 2021 12:57:02 +0000

With many defined benefit pension plan solvency ratios at all-time highs, plan sponsors have an excellent opportunity to rethink their approach to investing, according to Shivin Kwatra, head of liability-driven investing portfolio management at Insight Investments. “It is important to highlight two approaches to investing: one [is] traditional — a mean variance framework of maximizing […]

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How institutional investors can unsmooth illiquid returns

mschmit — Tue, 27 Oct 2020 08:32:09 +0000

As institutional investors increase allocations to alternative investments, it becomes increasingly challenging to understand risk. A new paper, co-authored by Spencer Couts, assistant professor of real estate at the University of Southern California; Andrei S. Goncalves, an assistant professor of finance at the University of North Carolina; and Andrea Rossi, an assistant professor of finance […]

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New research finds asset owners largely satisfied with pandemic performance

mschmit — Tue, 18 Aug 2020 03:43:58 +0000

The vast majority of investors (82 per cent) are satisfied with how their portfolios performed in the first half of 2020, despite some weak results in strategies such as emerging market debt and smart beta, according to a new study of 368 investors with combined assets of approximately US$11 trillion. Following the quickest equity market […]

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A look at private equity investing in DC plans

mschmit — Wed, 12 Aug 2020 05:48:12 +0000

Much debate remains about whether private equity is an appropriate option for members of capital accumulation plans. Canada’s neighbours to the south have been examining the potential legal pitfalls of these allocations. A recent information letter from the U.S. department of labor set forth a framework plan sponsors can use to consider the prudence of […]

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Commercial litigation finance demand fuelled by coronavirus

mschmit — Thu, 28 May 2020 03:16:39 +0000

In legal circles, it has always been thought that crises breed litigation. And while that appears to be the case in the current crisis, it may not have been the case in the global financial crisis of 2008/9, as pointed out in a recent article by Eric Blinderman, the chief executive officer for the U.S. […]

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Coronavirus, capital calls and liquidity in private market investments

mschmit — Tue, 31 Mar 2020 09:12:45 +0000

In the current market environment, liquidity is top of mind for pension plans, says Jason Campbell, principal at Eckler Ltd. For example, despite a company’s potential work stoppages, it’s still responsible for benefit payments, as well as paying capital calls on investments as they come due. Some firms in the private markets space are trying […]

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Investment themes to watch in 2019

mschmit — Fri, 21 Dec 2018 10:27:33 +0000

With the new year almost here, there are some interdependent themes investors should watch, such as central banks tightening policy, trade tensions and an increased focus on sustainability according to Mercer’s most recent paper on themes and opportunities for 2019. Chance of ‘white water’ turbulence There is evidence that credit is overextended, the paper said, […]

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OPTrust puts pension certainty first

mschmit — Tue, 13 Mar 2018 09:58:53 +0000

CIO James Davis on how his pension fund has changed.

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Bond ETFs: When liquidity isn’t an infinite resource

mschmit — Wed, 20 May 2015 14:49:38 +0000

Greenwich Associates finds large institutional investors turning to bond ETFs in greater numbers.

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