Although the Canadian Association of Pension Supervisory Authorities’ has yet to release its draft 2019-2022 strategic plan publicly, the Pension Investment Association of Canada has released comments on the draft. Specifically, the PIAC highlighted its support for finalizing an agreement respecting multi-jurisdictional pension plans as an appropriate top priority for the CAPSA. It also encouraged […]
The Pension Investment Association of Canada responded positively to a recent update from the Canadian Association of Pension Supervisory Authorities’ leverage working group. The PIAC agreed with the CAPSA that pension plans are using leverage more commonly and intensively. Further, it noted a recent development to find leverage being used at the fund level, as leverage has […]
The Canadian Association of Pension Supervisory Authorities has released an update on pension plans using leverage. “What makes it of particular interest to pension regulators now, is that it is being used more commonly and more intensively by pension plans, principally as a component of investment strategies aimed at achieving better asset-liability matching (through higher […]
Increasing exposure to less liquid, alternative assets like infrastructure, real estate and private equity hasn’t created difficulty for Canadian pensions in repaying creditors, according to a report by Moody’s Corp. As pension portfolios have increased their allocations to alternatives, with these assets now making up close to 40 per cent of Canadian plan’s investments, concerns around liquidity […]
In February, the Canada Pension Plan Investment Board flipped the script on fixed income by issuing its own bonds rather than purchasing them. The move to issue one billion euros’ worth of 15-year bonds at a 1.5 per cent fixed annual coupon marked the second time it had released euro-denominated bonds. In June 2017, it […]
China seeks to limit investment flows to world’s biggest money fund.
What are the big risks in the market? And how could the Dodd-Frank rollback help pension funds?
Malcolm Hamilton shares his concerns around alternative investments.
Coverage from the 2010 Risk Management Conference.
Leveraged Canadian stock portfolios: long-term effects on wealth and risk.