In the early days of 2020, no one could have foreseen the social and economic havoc the coronavirus pandemic would wreak on the world. Nearly two years later, as markets and economies continue to recover, Canadian pension plan sponsors are looking to their money managers to help light the way to a brighter financial future. […]
Canada’s $4 trillion pension sector could enjoy immense commercial benefits by aligning with the transition to net-zero emissions and helping to mobilize $140 billion of low carbon investments per year, according to a new report by Corporate Knights, the Natural Step Canada and the Smart Prosperity Institute. It found Canada’s 12 largest pension fund managers […]
The future has arrived — it’s just not evenly distributed yet,” wrote science fiction author and futurist William Gibson. It’s a favourite quote for Chris Evdaimon, investment manager of private companies at the investment management firm Baillie Gifford. He likes it so much that, during his presentation at the 2021 Global Investment Conference, he used […]
The Ontario Teachers’ Pension Plan and the Public Sector Pension Investment Board are part of a consortium making a binding offer to buy an Australian infrastructure investment company. The deal, which also includes the Toronto-based Kohlberg Kravis Roberts and Co., values the Spark Infrastructure Group at about AU$ 5.2 billion ($4.8 billion). It has already […]
From the rise of cryptocurrency DogeCoin and non-fungible tokens to Reddit members beating hedge fund managers at their own game, 2021 has been an eventful year in the world of retail investing. And while institutional investors might not be betting big on Gamestop Corp. or Elon Musk’s latest cryptocurrency tweet, some have inched closer to […]
The Ontario Teachers’ Pension Plan is selling Aurora Plastics, an Ohio-based plastics manufacturer, alongside its co-owner, Chicago-based private equity firm Wild Point Partners. The pension fund purchased its stake in the firm, which produces custom rigid polyvinyl chloride powders, pellets, foams and alloys for small-and medium-sized manufacturers, in 2016. At the time, it had facilities in […]
The Public Sector Pension Investment Board is reporting a net return of 18.4 per cent in fiscal 2021. As of March 31, 2021, the PSP had $204.5 billion in net assets under management, up 20.4 per cent from $169.8 billion at the end of the previous fiscal year. The PSP also reported a 10-year annualized […]
It’s likely that investors seeking the potential higher returns and the lower downside risks of private equity in their diversified portfolios already know that, historically, private equity has outperformed stock market indices by two-to-three per cent per year. They might also know that, from 2007-2020, the S&P 500 was up 9.5 per cent per year […]
Last spring, when fixed income markets in Canada were especially hard hit, exchange-traded funds proved their ability to continue to deliver liquidity, according to speakers at a recent webinar hosted by the Association of Canadian Pension Management. That lesser-known benefit is contributing to a change in the way institutional investors are using ETFs. “We basically saw […]
The Alberta Investment Management Corp. is reporting a total fund return of 2.5 per cent net of all fees for 2020, approximately 5.4 per cent below that of its benchmark. The total represents approximately $3 billion in net investment income, with assets under management reaching $118.6 billion, according to a press release, which noted the […]