The estimated funded status of the 100 largest U.S. public defined benefit pension plans rose to 79.9 per cent in June, from 79.4 per cent at the end of May, according to a new report by Milliman Inc. It found public DB plans in the report saw individual estimated returns ranging between 0.4 per cent […]
A culture of prudent investment standards and guideline compliance is keeping Canadian pension funds safe from some of the unique risk management cases seen abroad, says Scott McEvoy, a partner at Borden Ladner Gervais LLP. “Good governance starts at the top, it’s all about structure and process,” he says. Read: Canada’s retirement system ranks No. 12 […]
More than half (52) per cent of new public safety employee hires are expected to retire from a defined benefit pension plan, according to a new report by the National Institute on Retirement Security. The report, which reviewed data from 28 U.S. police and fire pension plan sponsors, found that DB plans are an effective […]
The funded ratio of the average Canadian defined benefit pension plan grew by two per cent during the second quarter of 2024 and nine per cent since the start of the year to 126 per cent, according to a new report by Normandin Beaudry. It found the average solvency ratio of Canadian pension plans rose […]
Ivanhoé Cambridge, the real estate arm of the Caisse de dépôt et placement du Québec, is increasing the size of its investment partnership with Walker & Dunlop Investment Partners to US$500 million. The investment partnership, which was originally formed in 2021, will continue to seek equity investments in multifamily properties, student housing and manufactured housing […]
The Caisse de dépôt et placement du Québec is investing $500 million in National Bank of Canada to support its acquisition strategy for Canadian Western Bank. The acquisition deal is worth $5 billion and will give National Bank a presence in Western Canada. Following the Caisse’s investment in National Bank, it will become the second […]
Institutional investors are at the forefront of an infrastructure overhaul expected to be worth more than $100 trillion, which will be crucial for global energy transition plans, according to a report by IFM Investors. It found over the next three decades, investments in infrastructure equity funding for renewable energy and climate change adaption methods will […]
Greenhushing — the withholding of sustainability milestones and other environmental investment goals by institutional investors and investee companies — is a trend that could already be on the way out, says Mary Jane McQuillen, head of environmental, social and governance investing at ClearBridge Investments, a subsidiary of Franklin Templeton Investments. The effects of greenhushing are expected […]
Institutional investors are limiting portfolio diversification through overexposure to a selected group of U.S. technology stocks, says Alec Murray, senior vice-president and head of equity client portfolio managers at Amundi Asset Management. Since the beginning of 2023, he says, public equities have offered strong returns largely due to the performance of a concentrated group of technology […]
The British Columbia Investment Management Corp. is selling more than US$1 billion worth of private equity funds to Ardian, a France-based independent private equity investment company, according to reporting by Bloomberg. Although it’s unclear which assets the BCI intends to sell, last June, Bloomberg also reported the investment manager was considering the sale of roughly $2 […]