Keyword: public pension plans

29 results found
Why are institutional investors ramping up allocations to private equity?

As private equity becomes a more sizeable part of Canadian pension portfolios, the British Columbia Investment Management Corp.’s resources and staffing are growing with it. In April 2016, when Jim Pittman joined the BCI as its senior vice-president of private equity, his group comprised six or seven people. Three and a half years later, the […]

Lower interest rates inflating federal pension costs: Morneau

Heading into 2020 and beyond, the outlook for interest rates is impacting the federal government’s projected pension obligations and its budgetary balance. In its 2019 fall economic update on Monday, the government reduced the projected budgetary balance by $4.2 billion in 2019/20 and $11.6 billion in 2024/25. While the balance projections aren’t entirely related to pension obligations, […]

  • By: Staff
  • December 17, 2019 November 30, 2020
  • 09:20

While the fact that past performance is not a guarantee of future results is a familiar refrain, it appears public pension funds’ return expectations do correlate with how they’ve performed in the past. A paper by Aleksandar Andonov, an associate professor of finance at the University of Amsterdam and Joshua Rauh, director of research and […]

  • By: Staff
  • November 22, 2019 December 13, 2020
  • 07:51
Alberta teachers calling on auditor general to investigate proposed public pension changes

The Alberta Teachers’ Association and the Alberta Teachers’ Retirement Fund are calling on the province’s auditor general to examine the 2019 budget proposal that would put the pension’s investments under the control of the Alberta Investment Management Corp. In a letter to the auditor general, the ATRF said it would prefer to remain in control of its own investments. “Without […]

  • By: Staff
  • November 20, 2019 November 30, 2020
  • 09:45
Canada’s retirement system ranked 9th in the world

Canada’s retirement system jumped one spot to ninth place in Melbourne Mercer’s annual global pension index. Comparing 37 global retirement systems, the report found the Canadian system showed improvement partly due to the growth in assets under the Canada Pension Plan and the Quebec Pension Plan. It also demonstrated a link between the increasing household debt in developed and […]

  • By: Staff
  • October 22, 2019 November 30, 2020
  • 09:30
PSP, Alberta Teachers’ to buy Canadian natural gas and renewables company

The Public Sector Pension Investment Board and the Alberta Teachers’ Retirement Fund Board are acquiring all issued and outstanding common shares of AltaGas Canada Inc. The Canadian company holds natural gas distribution utilities, as well as renewable power generation assets. In the transaction, the cash offering of $33.50 per common share is an approximate 31 per cent premium on AltaGas’ closing […]

  • By: Staff
  • October 21, 2019 November 12, 2020
  • 16:00
What drives U.S. state-sponsored pension plans to take bigger risks?

What effect do low interest rates really have on how pension funds invest and what are the long-term consequences? When plan sponsors are underfunded, they have a few set options, according to a new paper by the Federal Reserve Bank of Boston. For a state-sponsored plan, the choice of whether to take on assets with higher […]

  • By: Staff
  • July 24, 2019 November 12, 2020
  • 08:30
Let’s Hear It for the Maple Revolutionaries

The Economist: Canadian pension funds as leading lights.

  • March 5, 2012 September 13, 2019
  • 18:04
Returns: Where in the World?

Where on earth are US pension managers going to find 8.5% returns?

  • November 14, 2011 September 13, 2019
  • 10:36