liability-driven investment – Benefits Canada.com

How lessons from one crisis helped HOOPP tackle another

mschmit — Wed, 30 Dec 2020 05:00:16 +0000

The Healthcare of Ontario Pension Plan’s struggles when the dot-com bubble burst planted the seeds for the liability-driven investing strategy it’s so well known for today. At the time, the plan had a traditional 60/40 portfolio of equities and bonds, and saw its significant funding surplus quickly turn into a deficit as equities took a […]

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Nav Canada, Goodyear share experiences with LDI in low interest rate world

mschmit — Fri, 20 Nov 2020 05:05:40 +0000

Despite the low interest rate environment, it still makes sense for defined benefit pension plan sponsors to adopt a liability-driven investment strategy, said Serge Lapierre, global head of LDI at Manulife Investment Management, during a webinar it sponsored on Monday. LDI investing is a risk management framework, he noted. “It’s not an asset class or a […]

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Plan Sponsor Week: HOOPP looking to LDI strategy 2.0 amid low interest rates

mschmit — Fri, 04 Sep 2020 04:37:46 +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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HOOPP ready to weather market volatility after strong performance in 2019: CEO

mschmit — Tue, 24 Mar 2020 05:00:00 +0000

The Healthcare of Ontario Pension Plan reported a strong 2019, posting a 17.14 per cent return for the year and hitting a funded status of 119 per cent on a smoothed basis. The fund outperformed its benchmark by 2.08 per cent — or just over $1.65 million — and far surpassed 2018’s return of 2.2 […]

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Don’t be tempted by forecasts, says CBC pension plan CEO

mschmit — Fri, 17 Jan 2020 06:30:34 +0000

When pension plans have access to a lot of forecasting information, it’s easy to be tempted into straying from an initial plan. Yet sticking to strategy is key, said Duncan Burrill, managing director and chief executive officer of the Canadian Broadcasting Corp. pension fund, speaking at a Canadian Pension and Benefits Institute event in Toronto […]

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Air Canada pension plan investment team launches investment management firm

mschmit — Wed, 18 Dec 2019 05:00:50 +0000

In 2009, the Air Canada pension plan was in dire straits with a $2.6 billion solvency deficit. A decade later, it has a surplus of more than $2 billion. The complete turnaround is in part due to a new investment team that joined in 2009 and transformed the pension fund’s investments. With the $21 billion […]

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Jim Keohane reflects on his HOOPP career, LDI strategy

mschmit — Fri, 18 Oct 2019 04:53:25 +0000

Twenty years ago, Jim Keohane was brought into the Healthcare of Ontario Pension Plan to launch its derivatives program. Since then, he’s climbed his way to the role of president and chief investment officer, grown his reputation as a trailblazer in liability-driven investing and navigated the pension fund through the financial crisis with positive returns. […]

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Sun Life grows DB solutions team, Morneau Shepell adds B.C. partners

mschmit — Tue, 06 Feb 2018 12:00:03 +0000

Sun Life Financial has appointed Heather Wolfe as managing director of liability-driven investment strategies in its defined benefit solutions team. For the previous seven years, Wolfe was a managing director of client relationships in the defined benefit solutions team. Her previous roles in the industry include assistant vice-president of retirement and savings plans at TD Bank Financial Group, […]

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Global DC pension assets projected to outgrow DB in two years

mschmit — Mon, 05 Feb 2018 07:06:52 +0000

Global defined contribution plan assets are growing faster than defined benefit pension assets, according to a new report by the Thinking Ahead Institute and Willis Towers Watson. Over the past 20 years in the seven largest pension markets (Australia, Britain, Canada, Japan, Netherlands, Switzerland and the United States), defined contribution plan assets grew at a rate of […]

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Institutional investors exploiting risk for better returns, yields: survey

mschmit — Tue, 14 Mar 2017 05:00:51 +0000

Institutional investors are turning to riskier assets for better returns in order to cope with the current environment of low yields and volatile markets, according to a new study by Natixis Global Asset Management. Its survey of 500 global institutional investors with $15.5 trillion in assets found while increasing their exposure to riskier assets, organizations are still […]

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