Environmental, social and governance investment strategies can improve a portfolio’s ability to generate alpha, according to Patrick Vizzone, managing director of global private equity at Franklin Templeton, speaking during a session at the Canadian Investment Review‘s 2022 Investment Innovation Conference. “Impact investing is sometimes regarded as being a drag on financial returns, but we believe […]
Four major misconceptions about fixed income impact investing have taken root in the minds of many institutional investors, according to Matt Lawton, fixed income portfolio manager of global impact credit strategy at T. Rowe Price, during a session at the Canadian Investment Review‘s 2022 Investment Innovation Conference. The first, he noted, is that investors can’t […]
“I’m starting to become a glass half full person. . . . I think that at least one of the two anchors of the 60/40 [balanced portfolio] is going to start working. I wish I could tell you which one,” said Jurrien Timmer, director of global macro at Fidelity Investments, during a session at the […]
“As the preceding presentations showed quite clearly, the climate is changing and the impact won’t have a linear correlation with temperature rises,” said Aaron Bennett, chief investment officer of the University Pension Plan, during a session at the Canadian Investment Review’s 2022 Investment Innovation Conference. This once controversial position underpinned the $11-billion multi-employer defined benefit […]
Since interpretations of environmental, social and governance investing can vary, institutional investors can leverage artificial intelligence tools to strip away the noise and reveal data sets required to eliminate greenwashing and generate sustainable alpha, said Andy Moniz, senior vice-president and director of responsible investing at Acadian Asset Management, during the Canadian Investment Review’s 2022 Investment […]
Few people have as clear a perspective on the differences between public sector defined benefit pension plans in Canada and the U.S. as Paul Matson. “I know the Canadian system,” said the executive director of the Arizona State Retirement System, during a session at the Canadian Investment Review‘s 2022 Investment Innovation Conference. “Before [the Alberta Investment […]
The uncertainty about the direction interest rates will move in 2023 means defined benefit pension plan sponsors should be reconsidering their asset allocation strategies, says Ben Ukonga, principal at Mercer. “I don’t think anybody knows when, or if, interest rates will come down. If [inflation] comes down, the Bank of Canada’s likely to stop increasing […]
The Ontario Teachers’ Pension Plan is providing an equity injection to help finance the acquisition of an automotive financing and insurance company. APCO Holdings, in which the pension fund holds a majority stake, is acquiring National Auto Care for an undisclosed sum. While a portion of the price tag was secured through third-party debt financing, APCO […]
The Canada Pension Plan Investment Board is joining a funding round for an energy network service provider. The investment organization is investing about US$200 million in Redaptive Inc., a company that installs energy-saving and energy-generating equipment at client businesses. The company funds the upfront costs of its installations to help customers to overcome financial and […]
If there was one message for defined benefit pension plan sponsor delegates at the 2022 Defined Benefit Investment Forum, it was that the fate of global markets in 2023 is on a knife’s edge. In the keynote address, Douglas Porter, chief economist and managing director at BMO Financial Group, said he expects the Canadian economy […]