By the time Nick Chamie graduated with his first degree in economics in 1992, the Berlin Wall had already fallen and the Soviet Union had ceased to exist. Still, Chamie — now the chief strategist and senior managing director at the Investment Management Corp. of Ontario — explains that, as he began making his way in the […]
In the institutional investment sector, risk management means thinking about a lot of doom and gloom, but for Danny Ip, the job is more about being prepared for what could happen tomorrow rather than forecasting what storms lie ahead. The TTC Pension Plan’s director of investment risk and analytics employs an analytical approach to measuring […]
A majority (77 per cent) of U.S.-based institutional investors expect interest rates and inflation to remain elevated in 2024, causing problems for risk assessments over the next year, according to a new survey by CoreData. The survey, which polled 100 U.S. institutional investors, found the number of investors concerned about the role of inflation over […]
While fixed income has long had the reputation of being the conservative and stable supporting partner in the traditional balanced portfolio, unbundling fixed income into its sub-components presents opportunities for enhanced risk-adjusted returns, said Aaron Young, vice-president and client portfolio manager at CIBC Asset Management. When investors buy the FTSE universe bond index or even […]
While artificial intelligence represents a new cornerstone for institutional investors’ operational tasks, corporate governance will be essential to ensure the risks are properly managed, according to Andrew Roth, deputy director of the Teacher Retirement System of Texas. During a webinar hosted last week by the National Institute on Retirement Security, he detailed how the pension […]
Climate and cybersecurity are the leading risk factors concerning Canadian pension plan administrators, according to a pension lawyer. Susan G. Seller, a pension and benefits lawyer at Bennett Jones LLP, adds third-party arrangements and commercial real estate risks round out the most pressing categories for federally regulated pension plans. “We’re living in a time where […]
Canadians could see a regime change in the next federal election if the current housing crisis holds tight, according to Chantal Hébert, political commentator, journalist, columnist and author, during the keynote session at the Canadian Investment Review’s 2023 Risk Management Conference. While health care and inflation are major concerns for Canadians, the one issue that keeps coming to the forefront […]
Despite an attractive pitch to asset owners, concentrated equity strategies may be letting investors down, according to Seth Weingram, senior vice-president and director of client advisory at Acadian Asset Management, speaking at the Canadian Investment Review’s 2023 Risk Management Conference. “We’re thinking about a discretionary sort of stock-picking context, where you’ve got an individual manager who has […]
Institutional investors’ strategic approach to interest rates must evolve to properly reflect the risks and opportunities in today’s markets, according to Michael Cook, vice-president of client relations and liability-driven investment client portfolio manager at CIBC Asset Management, during a session at the Canadian Investment Review’s 2023 Risk Management Conference. The previous low in interest rates was […]
The underlying conservatism of public real estate investment markets can provide an inflation-proof cushion for institutional investors in uncertain times, said Corrado Russo, managing partner and head of global securities at Hazelview Investments, during the Canadian Investment Review’s 2023 Risk Management Conference. Indeed, with debt levels of only 32 per cent, public markets are more conservatively […]