The Ontario Teachers’ Pension Plan posted a net return of 10.4 per cent for 2019, bringing net assets to $207.4 billion. Its $20.2 billion in investment income represents an organizational best, said Jo Taylor, the pension fund’s president and chief executive officer, on a conference call Tuesday morning, outperforming the 2018 return of 2.5 per […]
The Ontario Teachers’ Pension Plan posted a net return of 10.4 per cent for 2019, bringing net assets to $207.4 billion. Its $20.2 billion in investment income represents an organizational best, said Jo Taylor, the pension fund’s president and chief executive officer, on a conference call Tuesday morning, outperforming the 2018 return of 2.5 per cent after a volatile year in […]
If climate change represents one of the largest systemic risks the global economy has ever faced, dealing with its ramifications is going to move a lot of money. The world’s youth have taken to the streets calling on their governments for massive, co-ordinated policy change, but it hasn’t yet manifested. Any piecemeal regulatory shifts suffer […]
With asset deterioration due to drops in equity markets and a decrease in long-term government bond yields causing an increase in solvency liabilities, pension funds are in a tough position. A Canadian defined benefit solvency funding calculation assumes some plan members will elect to take a commuted-value lump sum, while other members will elect to […]
With asset deterioration due to drops in equity markets and a decrease in long-term government bond yields causing an increase in solvency liabilities, pension funds are in a tough position. A Canadian defined benefit solvency funding calculation assumes some plan members will elect to take a commuted-value lump sum, while other members will elect to […]
Investors and economists around the world are drastically changing their forecasts as the world enters another week of disruption from the spread of the coronavirus. Indeed, Scotiabank’s updated economic forecast suggests recession is inevitable in many countries, with global growth expected to average 1.3 per cent in 2020, the lowest level since the decline of […]
The Healthcare of Ontario Pension Plan reported a strong 2019, posting a 17.14 per cent return for the year and hitting a funded status of 119 per cent on a smoothed basis. The fund outperformed its benchmark by 2.08 per cent — or just over $1.65 million — and far surpassed 2018’s return of 2.2 […]
Since stock markets can turn on a dime, long-term institutional investors may find some opportunities amid the current chaos. It’s been a long time since genuine panic hit markets, says Greg Taylor, chief investment officer and portfolio manager at Purpose Investments. “Generally, markets hate uncertainty and, arguably, we’ve never had a more uncertain time than […]
Canadian pension plans have increased their demand for long corporate bonds, but high demand and low yields combined with a relatively small marketplace in Canada can pose challenges for investors, said Randall Malcolm, senior managing director and portfolio manager of Canadian public fixed income at SLC Management. “When we look at the supply side of […]
In a historic move, the U.S. Federal Reserve lowered its target range for the federal funds rate to between zero and 0.25 per cent on Sunday. The Fed is taking the emergency action in a bid to help alleviate the extreme economic disruption caused by the spread of the coronavirus. It said it intends to […]