The Public Sector Pension Investment Board reported a net return of 7.1 per cent at the end of its last fiscal year, ending March 31, 2019. The fund increased its overall assets under management by 9.7 per cent, jumping from $153.1 billion to $168 billion, including the $3.7 billion the fund received in net contributions. […]
The market value of Canadian trusteed pension fund assets decreased by 1.3 per cent in Q4 2018 compared to the previous quarter, landing at $1.87 trillion. Yet, on a year-over-year basis, the market value of assets rose by 1.6 per cent compared to the fourth quarter of 2017. The strongest area of growth was mortgage […]
Since standard banks began to shy away from their traditional financing role after the 2008 financial crisis, institutional investors have helped maintain markets by becoming increasingly important providers of long-term capital. Historically low interest rates also pushed these sovereign wealth and pension funds away from the traditional fixed income bedrock of their portfolios into a bevy […]
Canadian investors are keen to increase their allocations to alternatives over the next 12 months, according to a new survey by CIBC Mellon. Specifically, 58 per cent of Canadian institutional investors surveyed said they expect to increase allocations to this asset class and none said they expect to reduce allocations. This contrasts global findings in […]
The Ontario Teachers’ Pension Plan is selling its stake in BluEarth Renewables Inc. to DIF Infrastructure V, a European independent infrastructure fund. The Ontario Teachers’ was a founding shareholder in BluEarth, an independent renewable power producer that builds, owns and operates solar, hydro and wind facilities in North America. Following the sale, DIF V will own […]
The Caisse de dépôt et placement du Québec, through its investment platform with port and terminal operator DP World, is taking on a 45 per cent interest in DP World Chile, which operates terminals in Puerto Central and Puerto Lirquen. The terminals, which serve Chile’s main consumption and industrial centres, join a portfolio of ports […]
While defined benefit plans are traditionally known for their paternalism, defined contribution pensions represent the next generation. Learning from their parents’ years of investment experience, DC plans are catching up, but hurdles still exist in the quest to invest like DB plans. The liquidity question As more DC plan sponsors consider adding illiquid alternatives to […]
Strong governance allowed the Colleges of Applied Arts and Technology pension plan to find success in private markets, according to Julie Cays, the plan’s chief investment officer. Before the CAAT plan hired its first CIO in 2004, it was using an outsourced chief investment officer-type model — although it didn’t use this term at the […]
As allocations to alternative assets grow, private equity is the most popular, trailed closely by real estate according to data from Preqin for the first half of 2019. Currently 65 per cent of institutional investors hold private equity, 63 per cent own real estate and 51 per cent have hedge funds. Somewhat less popular are […]
After starting to manage funds for its first two clients, the Ontario Pension Board and the province’s Workplace Safety and Insurance Board, the Investment Management Corp. of Ontario has released its 2018 annual report outlining its progress. Though the investment results of its activities will be reported independently by its clients, the report delineated the specifics of […]