While massive monetary policy response didn’t drive inflation following the 2008/09 financial crisis, institutional investors are mulling over whether things may be different this time. The global economy has rarely seen such a swift willingness to engage with economic calamity on both monetary and fiscal levels, says Erik Weisman, chief economist and fixed income portfolio manager at MFS […]
Wellington Management Co. will be appointing Jean Hynes as chief executive officer upon the retirement of its current CEO Brendan Swords on June 30, 2021. “One of the most enduring lessons of the Wellington partnership is the notion of stewardship, bringing along the next generation of leaders to allow us to better serve clients,” said […]
Coming out of the fastest market crash in history, asset owners are cautiously optimistic heading into a vastly changed investment landscape, according to a new survey by bfinance. Indeed, 82 per cent of surveyed asset owners, including pension funds, endowments and sovereign wealth funds, said they’re satisfied with how their portfolios have performed so far […]
Institutional investors looking to score potential investments on environmental, social and governance factors now have a new option. Bloomberg is launching its own set of ESG scores, available to its terminal users. Initially, 252 companies in the oil and gas sector will receive environmental and social scores and more than 4,300 companies across several industries will be scored on […]
While Canadian pension plans hold a quiet confidence, it turns out they actually do outperform their international peers when it comes to asset performance and liability hedging, according to a research paper from McGill University and CEM Benchmarking. The paper found Canadian plans achieve this outperformance using a three-pillar model: managing assets in-house to reduce costs, redeploying […]
The Canadian chapter of the Alternative Investment Management Association is forming its new 2020-22 executive committee. Belle Kaura, vice-president of legal and chief compliance officer at Third Eye Capital, will remain chair for a second term, joined by Rob Lemon, executive director of the prime services group at CIBC Capital Markets, as deputy chair, who was […]
North American institutional investors are catching up to other global regions in their interest in sustainable investing, according to a new survey by FTSE Russell. Nearly half (42 per cent) of North American asset owners surveyed before the coronavirus pandemic said they’re interested in sustainable investing, up from just 17 per cent in 2019. This remains a […]
While it may seem counter intuitive to add higher-risk securities to a portfolio during times of severe market stress, doing so can be part of a prudent rebalancing strategy, according to a paper from T. Rowe Price Inc. “Regularly reorienting to targeted long-term asset allocations helps ensure that all risk exposures in the portfolio are […]
Saskatchewan’s Public Employees Benefits Agency is engaging CIBC Mellon to provide global and domestic custody, institutional accounting and securities lending. Through the partnership, the PEBA will use BNY Mellon global risk solutions’ data and analytics tools for its performance and compliance reporting for the defined benefit pension plans administered by the PEBA — the public employees’ pension plan and the […]
The Investor Leadership Network is appointing Charles Emond, president and chief executive officer of the Caisse de dépôt et placement du Québec, and Jean Raby, CEO of Natixis Investment Managers, as co-chairs of its CEO council. Raby and Emond are succeeding the founding co-chairs of the council, Ron Mock, former CEO of the Ontario Teachers’ Pension Plan, and Michael Sabia, […]