The era of predictable monetary policy and global co-operation is over. In this new epoch, defined by sweeping government intervention, geopolitical realignment and environmental catastrophe, new ideas must be embraced. At the 2023 Investment Innovation Conference at the Rancho Bernardo Inn in San Diego, Calif. on Nov. 15-17, leading academics and industry figures provided expert summaries […]
In today’s complex market, real estate investments continue to provide opportunities for institutional investors due to the simplicity of the risk spectrum, particularly when comparing equity and debt, said Marc Weidner, managing director and head of global real estate at Franklin Templeton, during the Canadian Investment Review‘s 2023 Investment Innovation Conference in November. “We think the case […]
Diversifying target-date funds by incorporating illiquid assets — such as private equity, real estate and infrastructure — could result in a 0.15 per cent annual increase in return over a decade, according to a recent report by Georgetown University’s Center for Retirement Initiatives in partnership with CEM Benchmarking Inc. The report was authored by Angela Antonelli, a […]
U.S. state and municipal pension funds are on track to miss investment targets and are unlikely to see meaningful improvements in their unfunded liabilities or funded ratios in 2023, according to a new report by the Equable Institute. The report, which analyzed trends in benefits, cash flows, contributions, funding and investments at 225 of the […]
The venture capital arm of the Ontario Teachers’ Pension Plan anticipates that a slowing global economy, interest rate hikes and limited funding opportunities will drive private equity valuations down by as much as 10 per cent in 2023, according to a new report. “So far, 2023 looks set to be another challenging year: the global […]
The Pension Investment Association of Canada is urging the Office of the Superintendent of Financial Institutions to ensure its guidance on pension investment risk management is flexible enough to be appropriate for plans of all sizes. In an open letter, PIAC chair Sean Hewitt addressed 15 points posed by the OSFI to the pension investment sector related […]
As central banks stepped into the market to fund operating losses, the ability to raise capital has usurped the natural function of markets: price discovery, says Rob Almeida, investment officer and global investment strategist at MFS Investment Management. Many companies have experienced an epic year raising capital because both good and bad businesses have been […]
As the novel coronavirus pandemic upended the way businesses operate, investors around the world have been able follow daily market gyrations in real time to see how public companies are being impacted and what the crisis is doing to valuations. What has been perhaps less visible is how private equity firms have responded to the […]
While the fallout from the coronavirus pandemic has wreaked havoc on many asset classes, institutional investors in real estate face a unique set of challenges. Firstly, the shutdown of non-essential businesses has put many tenants in a position where they can’t afford rent, forcing their investor landlords to decide how to react. Institutional investors are […]
Stretched valuation concern CPPIB head