A new advisory board tasked with creating a benchmark for transparency throughout global pension investment systems will include two Canadian members. The board was jointly established by Top1000funds.com and CEM Benchmarking Inc. to foster more transparency in pension investments, with the aim of improving outcomes for plan members. According to a press release, the benchmark ratings will examine […]
Franklin Templeton Canada is appointing Andrew Forsyth as senior vice-president of institutional investment services. “We are excited to have Andrew on board to deepen our client relationships in the institutional space, while continuing to serve his current clients,” said Bill Tsotsos, head of institutional investments for Franklin Templeton, in a press release. Read: Franklin Templeton awarded for holistic […]
The Toronto Transit Commission Pension Fund Society has been reminded of the importance of liquidity during the coronavirus pandemic, according to Sean Hewitt, the fund’s chief executive officer, during a virtual roundtable hosted by the Canadian Pension and Benefits Institute on Thursday. “COVID-19 was a really interesting test study in liquidity,” he said, noting the TTC plan […]
The Alberta Investment Management Corp.’s chief executive officer, Kevin Uebelein, is stepping down early, most likely by July 2021. Uebelein and the AIMCo board have agreed to begin the process of a leadership transfer, with the goal of filling the role by June 30, 2021. “This decision is Kevin’s,” wrote Dénes Németh, director of corporate communications, in an […]
The Public Sector Pension Investment Board is part of a group investing $1 billion in Convex Group Ltd., a specialty insurer and reinsurer. In April 2019, Convex launched with $1.7 billion of committed capital. Its initial invested capital was raised from its management team, Onex Partners V, the PSP and a consortium of co-investors. The additional capital has been committed by the original investors, […]
In search of better risk-adjusted returns, the York University Pension Fund decided to look beyond Canada’s borders, shifting its equity allocation to be 100 per cent global. The fund is a hybrid defined benefit and defined contribution plan, with the benefit level depending on the rate of return and a minimum guarantee for members. Its investments, […]
Despite several bumps in the decade since the 2008/09 financial crisis, the swift and brutal crash in global equity prices when the coronavirus was declared a pandemic sent pension investors reaching for their playbooks to implement defensive strategies to mitigate the damage. “People have worked very hard at just acting on the set strategies that […]
Demand for defined benefit pension plan sponsors to focus on environmental, social and governance factors through their investments is growing. Both plan sponsors and members have been increasingly vocal about keeping ESG issues top of mind. For example, the Healthcare of Ontario Pension Plan has worked on balancing this increased appetite for ethical investing with an overall […]
As bond yields drop, many Canadian pension plans are looking at new strategies to increase returns through alternative investments, according to a webinar hosted by the Portfolio Management Association of Canada on Tuesday. “We’re looking for uncorrelated scalable risk, with low or no correlation to major markets like equity or credit,” said Jane Segal, portfolio […]
Now is the time for institutional investors to buy value, small cap and cyclical stocks and hold steady while the economy builds back, says Bill Callahan, an investment strategist at Schroders. Indeed, energy and financial sector stocks saw gains Monday as investors are rotating from growth and large cap stocks after Moderna Inc. released data […]