Retirement

Top Funds' Activity in Q1 2020

Jason Orestes of The Street reports Amazon is clearly what hedge funds are betting on these days:Amazon has been a major beneficiary of the Covid-19 chaos, and hedge funds have taken notice.The fastest bear market in history saw a 30% plummet followed by a rapid 30% rebound. But there has been a l ...

CPPIB Gains 3.1% in Fiscal 2020

Pete Evans of CBC News reports CPP adds $17 billion to assets now worth more than $409 billion despite the pandemic:The Canada Pension Plan earned a return of 3.1 per cent after expenses during the financial year ended March 31, the board that manages the fund's money reported Tuesday.Net assets fo ...

CAAT Pension Plan Gains 16% in 2019

Yaelle Gang of the Canadian Investment Review reports that CAAT pension plan returns 16% in 2019, well-positioned to weather coronavirus storm:The Colleges of Applied Arts and Technology pension plan saw a strong 2019, delivering a 16 per cent return, net of investment management fees, while growin ...

Blake Hutcheson is Now OMERS' New CEO

OMERS today made it official, announcing Blake Hutcheson the new CEO to continue global expansion:OMERS is pleased to announce the official appointment of Blake Hutcheson as President and CEO, effective today. Mr. Hutcheson, currently OMERS President, succeeds Michael Latimer as CEO. His appointme ...

CDPQ's 2019 Annual Report

Caisse de dépôt et placement du Québec (CDPQ) just released its 2019 Annual Report:Caisse de dépôt et placement du Québec (CDPQ) today released its Annual Report for the year ended December 31, 2019, a little later than usual due to the exceptional situation related to COVID‑19. In addition ...

AIMCo's All Too Familiar Vol Blowup?

Brett Friedman, Managing Partner at Winhall Risk Analytics, sent me a guest comment titled, AIMCo, Allianz, and Malachite Capital: All Too Familiar:As Warren Buffet once said, “Only when the tide goes out do you discover who’s been swimming naked.” The Alberta Investment Management Company ( ...

Reverse Alberta's Public Pension Changes?

Janet French of CBC News reports that an opposition bill seeks to reverse public sector pension changes in Alberta:An Opposition MLA is attempting to reverse changes the Alberta government made last year to the control of several public sector pension plans.NDP MLA and labour and immigration critic ...

Defensive Strategies Help CNID and ATRF

Martha Porado of Benefits Canada reports on how defensive strategies played out for CN's pension and ATRF as markets crashed:When the coronavirus pushed equity markets off a cliff, Canadian defined benefit pension plans had to mobilize to address a number of concerns.The Canadian National Railway C ...

OMERS 2020 Webcast Annual Meeting

On April 8, OMERS hosted its 2020 Annual Meeting, held entirely through webcast. Over 600 members logged in to watch, which was by far the largest virtual audience we’ve ever had. The Chair of the OAC Board, George Cooke was the Master of Ceremonies and he welcomed the following presenters: Bla ...

CalPERS' $80 Billion Leverage Plan?

John Plender and Peter Smith of the Financial Times report that CalPERS aims to juice returns via $80bn leverage plan:Calpers is to move deeper into private equity and private debt by adopting a bold leverage strategy that the $395bn Californian public sector pension fund believes will help it ach ...