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Big Moves at OPTrust, OTPP and PSP
OPTrust recently appointed Peter Lindley as its president and CEO:OPTrust, one of Canada’s largest defined benefit pension plans, today announced the appointment of Peter Lindley as the President and...
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The DB Pension Plan Model Has Failed?
Brent Simmons, Senior Managing Director & Head, Defined Benefit Solutions at Sun Life, wrote an op-ed for the Globe & Mail on why the DB pension plan business model has failed – and everyone is...
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OMERS on Closing the Asia Infrastructure Gap
Michael Rolland, President and Chief Operating Officer, Asia-Pacific at OMERS, wrote an interesting comment for the Milken Institute offering a Canadian pension investment executive's perspective on...
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Quant Quake 2.0 and QE Infinity Unnerving Investors?
Robbin Wigglesworth of the Financial Times reports how the drop in hot stocks stirs memories of ‘quant quake’:The stock market may appear tranquil again after a rollercoaster summer, but many analysts...
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Did HOOPP Exploit the Danish Tax System?
Zach Dubinsky of CBC News reports that Ontario health-care workers' pension has up to $430M at stake in Danish tax dispute:One of Canada's largest pension funds has been hauled into court in Denmark in...
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BCI Misreporting its SEC Filings?
Viktor Ferreira of the Financial Post reports that one of Canada's largest pension funds forgot to disclose $2.46 billion in Canadian holdings to the SEC — and it's not the first time:One of Canada’s...
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More Fallout at the Caisse's Otéra Capital?
Hugo Joncas of TVA Nouvelles wrote an article discussing why a director of the Caisse's real estate lending subsidiary, Otéra Capital, was fired back in May. The article is in French but I used Google...
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CPPIB Buys Stake in Indonesian Toll Road
IPE reports that CPPIB just bought a toll road stake as a debut infrastructure investment in Indonesia:Canada Pension Plan Investment Board (CPPIB) has made its debut infrastructure investment in...
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Revisiting the DB Pension Plan Model Failure
Last week, I critically reviewed an op-ed in the Globe and Mail written by Brent Simmons, Senior Managing Director & Head, Defined Benefit Solutions at Sun Life on why the DB pension plan business...
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Investors to Decarbonize the Global Economy?
Joy Williams, a senior advisor at the climate change service provider Mantle314 who also chaired the Decarbonization Advisory Panel for the New York State Common Retirement Fund (see full report here),...
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Top Funds' Activity in Q2 2019
Vincent Bielski, Melissa Karsh, Brandon Kochkodin and Paul Murray of Bloomberg report the world's biggest hedge funds piled into Uber and sold Microsoft, among other big moves during the second...
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Notes on the CAIP Quebec & Atlantic Conference
I attended the CAIP Quebec & Atlantic conference in Mont-Tremblant over the last two days. You can view the full agenda here. Below, I go over the presentations, with more emphasis on some of the...
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Revisiting the DB Pension Plan Model Failure
While in Mont-Tremblant covering the CAIP Quebec & Atlantic conference, I had a fat finger incident and inadvertently deleted a very important post on corporate DB plans which I was able to recover...
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Is Sustainable Finance Going Mainstream?
Earlier this month, CDPQ's Kim Thomassin and OTPP's Barbara Zvan wrote a comment for Benefits Canada on why it's time for sustainable finance to go mainstream:As members of the federal government’s...
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Bob Baldwin's Reflections on DB and Pension Design
Bob Baldwin, a former director of PSP Investments who runs Baldwin Consulting and is a director at Addenda Capital, sent me an important paper, DB and Pension Design: Reflections on Risks and...
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US Pensions Abandoning 8% Pipe Dreams?
Robert Steyer of Pensions & Investments reports that US public pension funds are abandoning their 8% dreams:When it comes to public pension plans' assumed rates of return, what is rare today was...
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OTPP's New Internal Incubator Called Koru
The Ontario Teachers’ Pension Plan and BCG Digital Ventures are tackling technological disruption with a new venture incubator called Koru:Ontario Teachers’ Pension Plan is launching a venture...
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CPPIB Bolsters Real Estate, Private Debt
PE Hub Network reports that the Canada Pension Plan Investment Board (CPPIB) and Boston Properties Inc. have formed a joint venture to develop Platform 16, an urban office campus in San Jose,...
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Are US Stocks Set For a Major Reversal?
CNBC's Bob Pisani reports that the stock market goes from worried to rally mode on Friday:The market is in a slow melt-up mode on Friday.There was a volume spike at 11:30 a.m. as European markets...
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World's Best-Run Pensions Starting to Worry?
Frances Schwartzkopff of Bloomberg reports that the world's best-run pensions say it's time to start worrying:Back in 2012, the world’s best-managed pension market was thrown a lifeline by the Danish...
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