While the fact that past performance is not a guarantee of future results is a familiar refrain, it appears public pension funds’ return expectations do correlate with how they’ve performed in the past. A paper by Aleksandar Andonov, an associate professor of finance at the University of Amsterdam and Joshua Rauh, director of research and […]
The Alberta Teachers’ Association and the Alberta Teachers’ Retirement Fund are calling on the province’s auditor general to examine the 2019 budget proposal that would put the pension’s investments under the control of the Alberta Investment Management Corp. In a letter to the auditor general, the ATRF said it would prefer to remain in control of its own investments. “Without […]
Canada’s retirement system jumped one spot to ninth place in Melbourne Mercer’s annual global pension index. Comparing 37 global retirement systems, the report found the Canadian system showed improvement partly due to the growth in assets under the Canada Pension Plan and the Quebec Pension Plan. It also demonstrated a link between the increasing household debt in developed and […]
The Public Sector Pension Investment Board and the Alberta Teachers’ Retirement Fund Board are acquiring all issued and outstanding common shares of AltaGas Canada Inc. The Canadian company holds natural gas distribution utilities, as well as renewable power generation assets. In the transaction, the cash offering of $33.50 per common share is an approximate 31 per cent premium on AltaGas’ closing […]
What effect do low interest rates really have on how pension funds invest and what are the long-term consequences? When plan sponsors are underfunded, they have a few set options, according to a new paper by the Federal Reserve Bank of Boston. For a state-sponsored plan, the choice of whether to take on assets with higher […]
The Economist: Canadian pension funds as leading lights.
Where on earth are US pension managers going to find 8.5% returns?