Canadian defined benefit pension plans generated a median return of negative 1.99 per cent in the third quarter of 2023, according to the BNY Mellon Canadian asset strategy view universe. The universe, which is based on $290.2 billion worth of investment assets in Canadian DB plans, found the one-year median return was 8.01 per cent […]
Finance Minister Nate Horner says if Alberta abandons the Canada Pension Plan to run its own stand-alone fund, it will not adopt Quebec’s model, which mandates optimizing returns while also investing in the province. His comments come three weeks after Premier Danielle Smith said her government wants to hear from Albertans first before they make […]
The Alberta Investment Management Corp. is opening its first Asian office, but the Edmonton-based investment organization says it will steer well clear of China to focus instead on markets with less geopolitical risk. The official opening of the AIMCo’s new Singapore office marks the first foray into the Asia-Pacific region for one of Canada’s largest institutional investors, with $158 billion of assets under management as of 2022. Evan Siddall, chief executive officer of the AIMCo, […]
As U.S. President Joe Biden signs an executive order obstructing the departure of domestic capital from venture and private capital into China, it’s raising a red flag for institutional investors interested in significant returns from the advanced technology space. The executive order, which took effect earlier this month, branded the production of semi-conductors, quantum computers […]
Canadian defined benefit pension plans generated a median return of 1.19 per cent in the second quarter of 2023, according to the BNY Mellon Canadian asset strategy view universe. The universe, which is based on $300.1 billion worth of investment assets in Canadian DB plans, found the one-year median return at June 30, 2023 was 10.05 per cent, while the […]
Approaches to climate scenario analysis are currently based on “implausible” assumptions that could delay action and create fiduciary duty challenges for investors, according to a new study by the Institute & Faculty of Actuaries. Sandy Trust, head of organizational risk at M&G, a global investment manager headquartered in London, England and one of the authors […]
Five Canadian pension funds are among the most transparent in the world, according to the global pension transparency benchmark, a collaboration between Top1000funds.com and CEM Benchmarking Inc. The benchmark, launched in 2021, measures the transparency of disclosures of 15 pension systems across measurements such as cost, governance, performance and responsible investing. The Canada Pension Plan […]
The median solvency ratio of Canadian defined benefit pension plans rose during the first quarter of 2023, from 113 per cent at the beginning of the year to 116 per cent at the end of March, according to Mercer’s latest pension health pulse. The measure, which tracks the median solvency ratio of the DB plans […]
When two U.S. banks failed this month, among the investors who lost millions were U.S. public sector pension funds responsible for ensuring the retirements of teachers, firefighters and other government workers. Since the pension funds are diversified investors whose holdings in Silicon Valley Bank and Signature Bank were small portions of their portfolios, experts aren’t […]
“I’m going to start my presentation by saying what any self-respecting consultants say all the time — we got it wrong,” said Andrew Bishop, senior partner and global head of policy research at Signum Global Advisors, during a session at the Canadian Investment Review‘s 2022 Defined Benefit Investment Forum. “I’m referring to China’s easing of […]