LDI – Benefits Canada.com

HOOPP returns 9.38% for 2023, driven by equities, fixed income

bmcgovern — Wed, 13 Mar 2024 19:00:42 +0000

The Healthcare of Ontario Pension Plan is reporting an annual return of 9.38 per cent for 2023, partly due to the performance of equities and fixed income, says Michael Wissell, chief investment officer at the HOOPP. The investment organization finished the year with $112.6 billion in net assets, compared to $103.7 billion and a return of […]

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HOOPP returns -8.6% for 2022, citing declines in equities, fixed income

bwolfe — Mon, 20 Mar 2023 13:00:41 +0000

The Healthcare of Ontario Pension Plan is reporting an annual return of negative 8.6 per cent for 2022, citing declines in equities and fixed income markets. The HOOPP finished the year with net assets of $103.7 billion and, despite the economic challenges, maintained a funded status of 117 per cent. Its fixed income portfolio generated […]

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World’s largest asset managers’ discretionary AUM up 10.2% in 2021: report

lbailey — Fri, 21 Oct 2022 19:00:37 +0000

The world’s 500 largest asset managers’ total discretionary assets under management increased by 10.2 per cent in 2021, reaching US$131.7 trillion, according to a new report by WTW’s Thinking Ahead Institute. It found North American AUM accounted for more than half (59.9 per cent) of AUM in the top 500 managers, garnering $78.9 trillion by […]

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LDI leveraging strategies left U.K. DB pensions vulnerable to bond yield spike: expert

Gideon Scanlon — Thu, 13 Oct 2022 16:30:09 +0000

The use of leverage by U.K. defined benefit pension plans with liability-driven investment strategies left them vulnerable to a sharp rise in bond yields in September, says Erwan Pirou, Canada chief investment officer of wealth solutions at Aon. “Many plans in the U.K. are using leverage in their LDI strategies . . . to reduce […]

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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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HOOPP looking to LDI strategy 2.0 amid low interest rates

mschmit — Fri, 04 Sep 2020 03:36:38 +0000

The Healthcare of Ontario Pension Plan is well-known for its liability-driven investing strategy, which helped it successfully weather the 2008 financial crisis. During the coronavirus fallout, in an era of historically low interest rates, the HOOPP is working on developing LDI 2.0. “We’re very focused on liabilities, but what you do when interest rates are […]

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A coronavirus game plan for defined benefit pension plans

mschmit — Thu, 02 Apr 2020 09:23:49 +0000

The novel coronavirus has introduced unprecedented volatility to financial markets and is taking its toll on pension plans. We’ve seen sharp corrections in most equity markets. At its lowest point in the correction to date, the S&P 500 lost 34 per cent of its value, from its peak in February. The TSX, which has also […]

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DB plans are better funded but expect returns to slump

mschmit — Wed, 20 Nov 2019 05:42:54 +0000

Defined benefit pension plans are lowering their long-term return expectations, according to research from U.S. consulting firm, NEPC. According to the NEPC’s survey of corporate and healthcare DB pensions, a third of plan sponsors now have a return assumption of six per cent or less, compared with 20 per cent that said the same in […]

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Taking risk off the table

mschmit — Tue, 28 Nov 2017 07:08:15 +0000

A U.S. and Canadian perspective on LDI

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Plan Sponsors Eager to Take Risk Off The Table

mschmit — Wed, 26 Apr 2017 05:23:40 +0000

A recent Benefits Canada pulse survey teases out the risks that really keep pension funds up at night.

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