liquidity risk – Benefits Canada.com

Feds’ plan to discontinue Canada mortgage bonds may limit pension funds’ abilities to mitigate risk: PIAC

lbailey — Mon, 24 Jul 2023 13:00:18 +0000

The federal government’s plan to consolidate Canada mortgage bonds into the Government of Canada bond program could limit pension funds’ ability to mitigate risk through diversification, according to the Pension Investment Association of Canada. In an open letter to Finance Canada, the PIAC said the move may force institutional investors to choose between accepting lower […]

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PIAC calls for going-concern plus regime, VPLAs, PRPP framework in pre-budget submission

lbailey — Wed, 15 Feb 2023 14:00:18 +0000

The Pension and Investment Association of Canada is calling on the federal government to establish a going-concern plus regime as a long-term minimum funding requirement for federally regulated defined benefit pension plans. In its pre-budget submission to Finance Canada, the PIAC said it believes the Canadian government should set a uniform funding requirement for all provinces […]

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Majority of institutional investors expecting recession, stagflation challenges in 2023: survey

lbailey — Mon, 12 Dec 2022 14:00:15 +0000

While the vast majority (85 per cent) of institutional investors believe the economy is in a recession or will enter a recession next year, two-thirds (65 per cent) think stagflation is the bigger risk ahead, according to a survey by Natixis Investment Managers. The survey, which polled 500 institutional investors across the globe, found more than half […]

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2022 GIC coverage: Relaxing constraints in liquid portfolios could lead to better investment outcomes

lbailey — Mon, 30 May 2022 12:53:38 +0000

While institutional investors have likely relaxed leverage constraint in their private equity portfolios, they could realize better investment outcomes by taking the same approach with their public market exposures “Constraints [on leverage] prevent some of the most useful tools in portfolio management — namely, full diversification,” said Roberto Croce, head of risk parity and liquid […]

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How resilient were bond funds in the face of coronavirus?

mschmit — Wed, 19 Aug 2020 06:42:29 +0000

Market turmoil caused by the coronavirus served as a real-life test for bond funds and their liquidity, according to a new paper from the Bank of Canada. The amount of corporate bonds held by open-ended fixed-income mutual funds is growing, sitting at around 23 per cent of the total market of corporate Canadian-dollar denominated bonds, […]

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Look Out For These Three Long-term Risks

mschmit — Tue, 19 Aug 2014 23:42:28 +0000

And how to manage the resulting volatility.

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How to Quantify Liquidity Risk

mschmit — Tue, 06 Jul 2010 05:41:49 +0000

Start with the motto "be prepared".

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Philippe Jorion Delves into Risk

mschmit — Mon, 05 Jul 2010 12:11:21 +0000

Risk management does not guarantee that big losses will not occur.

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