Institutional investors expect market volatility, high inflation and rising interest rates to spur portfolio de-risking policies over the next two years, according to a new survey by Aeon Investments. The survey, which polled pension plan sponsors, insurers and asset managers with about US$545 in combined assets under management, found 81 per cent said they expect […]
The University Pension Plan posted 9.1 per cent losses in 2022, according to its annual report. During the year, the jointly sponsored defined benefit pension plan’s assets declined from $11.8 billion to $10.8 billion. The plan finished the year with a solvency ratio of 103.3 per cent, down from 111 per cent at the end […]
“Investing in private markets comes with its fair share of challenges,” said Rémi Tétreault, director of client solutions at Trans-Canada Capital Inc., during the Canadian Investment Review’s 2023 Global Investment Conference. “There’s operational complexity, capital calls and distributions. You’ve got the selection of the right general partners . . . and there’s the challenge of […]
The Caisse de dépôt et placement du Québec is issuing $250 million to an organization that supports the institutional investment manager ecosystem in Quebec. The investment in the Quebec Emerging Managers Program works out to works out to $50 million each year for the next five years. Created in 2016, the program offers institutional investors access […]
The Alberta Investment Management Corp. is appointing David Scudellari as senior executive managing director and head of international investment. In the new role, he’ll act as vice-chair of the AIMCo’s investment committee and will oversee several key investment functions, including international expansion, credit and private debt and management of key external relationships. Schudellari joins the AIMCo […]
The Alberta Investment Management Corp. is appointing Marlene Puffer as chief investment officer, effective Jan. 30, 2023. In the role, she’ll serve as head of both public and private investments, including responsibilities for economics and fund strategy, fixed income, infrastructure, public and private equity, private debt and loan, private mortgages and real estate. Read: AIMCo […]
More than two-fifths (44 per cent) of North American institutional investors say they’re likely to increase allocations to alternative investments, citing high inflation (89 per cent) and expectations of lower returns (86 per cent), according to a new survey by Cerulli Associates. The survey’s respondents said they plan to increase allocations to infrastructure (28 per […]
When Saskatchewan’s Public Employees Pension Plan’s board introduced alternatives to its investment lineup in 2020 with an aim to improve the defined contribution plan’s risk-adjusted returns through diversification, it wasn’t its first time at the rodeo. The move came after 15 years of experience and comfort with alternatives through the PEPP’s defined benefit companion plan, […]
Alain Malaket has a nuanced perspective on risk — one informed by his experiences as a third-party administrator, pension regulator, consultant, pension plan director and motorcyclist. Today, InBenefits’ chief executive officer’s perspective informs his interest in alternative pension models. Put simply, he believes people don’t make the best decisions about safeguarding their futures. It’s a […]
Rising interest rates and market turmoil have called into question the ability of core fixed income to provide pension plan sponsors with its traditional benefits of stable returns and income, diversification and capital preservation. But Kevin Minas, vice-president and client portfolio manager of global fixed income at CIBC Asset Management Inc., said he actually expects […]