Vestcor Investment Management Corp. returned 11.76 per cent in 2019, with total assets under management rising to $18.5 billion, according to its 2019 annual report. The organization, which manages the investment and administration for several of New Brunswick’s public sector pension plans, said the long-term annualized gross pension fund return since it began its business […]
The Local Authorities Pension Plan is reporting a $3.4-billion loss in an “exceedingly difficult” first quarter, reducing the size of the fund by 6.5 per cent. The LAPP reported $47.2 billion in assets as of March 31, down from $50.6 billion at the beginning of the year. However, it said the impact on the fund would have been […]
With so much uncertainty on the horizon, should pension plan sponsors be preparing to operate in a deflationary or inflationary environment? In the short term, the economic environment will be deflationary, says Hugh O’Reilly, executive in residence at the Global Risk Institute, noting demand is down because people are staying home and not spending. “And […]
The Caisse de dépôt et placement du Québec has released its annual report, highlighting the results previously announced on Feb. 20, including a return of 10.4 per cent for 2019 and a growth in net assets of $30.6 billion for the year. “2019 was a good year for investors – markets experienced one of their […]
The Caisse de dépôt et placement du Québec and the Canada Pension Plan Investment Board are investing in WSP Global Inc., an engineering and design services firm, through a private placement of common shares. The Caisse is set to buy about $44 million of common shares in aggregate, while a subsidiary of the CPPIB is purchasing about […]
While real assets have traditionally served institutional investors well during times of economic stress, the ramifications of the coronavirus pandemic are starting to take their toll in some places. In commercial real estate, investors will likely re-evaluate their capital spending for 2020 in pockets like Edmonton and Calgary with the areas hit hard by the […]
While real assets have traditionally served institutional investors well during times of economic stress, the ramifications of the coronavirus pandemic are starting to take their toll in some places. In commercial real estate, investors will likely re-evaluate their capital spending for 2020 in pockets like Edmonton and Calgary with the areas hit hard by the […]
The Canada Pension Plan Investment Board saw a 3.1 per cent net return for its fiscal 2020 year, which ended March 31. Rising to $409.6 billion in assets under management, the fund saw $12.1 billion in investment income and $5.5 billion in net contributions. However, the 3.1 per cent return falls short compared to the fund’s 8.9 per […]
Even before the coronavirus began affecting capital markets, fixed income investors were becoming more risk averse, according to Invesco’s latest survey. Close to half (43 per cent) of investors surveyed in late 2019 said they felt the then economic cycle had a year or less left to run and were adapting their portfolios accordingly. In some cases, this change […]
Will real estate help Canadian pension plans weather the coronavirus pandemic or will being a landlord prove to be a liability in an economic crisis? For several years, Canadian pension plans have been broadening the regional scope of their real estate holdings, diversifying portfolios in asset classes and geographic exposures. But with the coronavirus pandemic […]