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Keyword: Absolute return

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Nav Canada, Goodyear Canada share experiences with LDI in low interest rate world

Despite the low interest rate environment, it still makes sense for defined benefit pension plan sponsors to adopt a liability-driven investment strategy, said Serge Lapierre, global head of LDI at Manulife Investment Management, during a webinar sponsored by the firm on Monday. LDI investing is a risk management framework, he noted. “It’s not an asset […]

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The Public Sector Pension Investment Board posted a negative 0.6 per cent net return for the fiscal year, which ended March 31, 2020. Severe market declines in the lead up to the end of March took a heavy toll. However, the fund did outperform its reference portfolio, which saw a negative 2.2 per cent return. […]

  • By: Staff
  • July 10, 2020 December 6, 2020
  • 12:41

For years, institutional investors have used absolute return or cash-plus benchmarks to measure infrastructure performance, but it’s time to put these in the past and adopt market-relevant benchmarks based on fair value and representative data, according a new paper by the EDHEC Infrastructure Institute. “From the viewpoint of the state of the art in financial […]

  • By: Staff
  • July 10, 2020 December 6, 2020
  • 08:00
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As alternative asset classes continue to be a major area of interest for institutional investors, considering the benefits and drawbacks of real estate as an allocation is an important exercise. In Canada, real estate, particularly residential, in core metropolitan areas has been an area of major investor and media interest as property values have skyrocketed. […]

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In just a few short years, Concordia University’s pension plan has transformed its governance model and investment approach. Before the financial crisis, the university’s plan, like many plans, had its assets in a 60/40 mix, said Marc Gauthier, Concordia’s treasurer and investment officer. Yet, in the financial crisis, its funding ratio went from 101 per […]