securities – Benefits Canada.com

2023 Risk Management Conference: A look at BCI’s transformation from a decentralized to a centralized trading approach

bmcgovern — Wed, 18 Oct 2023 11:48:16 +0000

A centralized trading approach forms the backbone of the recently revamped British Columbia Investment Management Corp., offering a more protective process for its stakeholders, according to Carmen Firmani, senior manager of client relations at the BCI, speaking during the Canadian Investment Review’s 2023 Risk Management Conference. She detailed the BCI’s transformation from a passive to a […]

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HOOPP joining association to foster peer-to-peer trading

mschmit — Wed, 29 Jul 2020 05:00:06 +0000

The Healthcare of Ontario Pension Plan, along with three other large pension plans and other stakeholders, is forming the Global Peer Financing Association. The goal of the GPFA is to encourage and improve options for peer-to-peer trading activity in the securities lending and repo markets for the benefit of asset owners, according to a press release. […]

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Saskatchewan’s PEBA outsourcing asset servicing for DB plans

mschmit — Wed, 24 Jun 2020 04:30:38 +0000

Saskatchewan’s Public Employees Benefits Agency is engaging CIBC Mellon to provide global and domestic custody, institutional accounting and securities lending. Through the partnership, the PEBA will use BNY Mellon global risk solutions’ data and analytics tools for its performance and compliance reporting for the defined benefit pension plans administered by the PEBA — the public employees’ pension plan and the […]

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What could proposed changes to SEC rules mean for Canadian pensions?

mschmit — Wed, 05 Feb 2020 05:45:02 +0000

While it isn’t Canadian, the U.S. Securities and Exchange Commission certainly has plenty of power to affect assets held by Canadian pension plans. A number of proposed rule changes recently brought forward by the SEC are raising Canadian institutional investors’ eyebrows. The Pension Investment Association of Canada submitted two letters to the SEC addressing potential changes related to […]

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Is cyber security the next big growth industry?

mschmit — Fri, 21 Jun 2019 05:00:57 +0000

As certain major technology firms are struggling, a sub-sector of the industry is on the rise. “Cyber security companies are producing and providing essential services,” says Raj Lala, president and chief executive officer of Evolve ETFs. “They’re not producing a smartphone or a social media application, so they’re very different from the FAANG stocks out […]

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When companies push back on pension engagement, proxy voting

mschmit — Mon, 15 Apr 2019 05:05:59 +0000

As pension plans are engaging more often as active shareholders, some companies are beginning to chafe. One instance of pushback came after the the New York State Common Retirement Fund co-sponsored a proposal with the Church of England’s endowment fund requesting that Exxon Mobil Corp. include short-, medium- and long-term greenhouse gas reduction targets aligned with […]

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Ontario Teachers’ makes three senior investment appointments

mschmit — Tue, 23 Oct 2018 11:00:48 +0000

Three new senior appointments at the Ontario Teachers’ Pension Plan include new roles for Gillian Brown, Danilo Simonelli and Saurabh Rastogi. Brown will lead the pension fund’s capital markets group as senior managing director. The team manages total fund exposure to a number of asset classes, including equity, fixed income, credit and inflation sensitive. Since joining the Ontario Teachers’ in 1995, Brown has […]

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U.S. institutional investors petition SEC to regulate ESG disclosure

mschmit — Fri, 05 Oct 2018 05:15:16 +0000

A group of U.S. institutional investors is petitioning the Securities and Exchange Commission to impose an obligation on companies to report on certain prescribed environmental, social and governance issues. “In response to changing business norms and pressure from investors, most of America’s largest public companies are attempting to provide additional information to meet these changing […]

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Value of assets in trusteed pension funds up 3% in first quarter: Stats Can

mschmit — Thu, 13 Sep 2018 11:00:26 +0000

The market value of assets held by Canadian trusteed pension funds rose to $1.9 trillion in the first quarter of 2018, up from about $1.85 trillion in the fourth quarter of 2017, according to new data from Statistics Canada. The increase represents a rise of three per cent from the fourth quarter of 2017 and 5.7 per […]

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Turns Out Value Investing Is Harder Than We Thought

mschmit — Mon, 24 Apr 2017 09:36:38 +0000

New research shows formulaic approaches to value are missing the mark.

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