Canada’s largest pension fund manager, the C$120 billion ($108 billion) Caisse de depot et placement du Quebec, has restructured its real estate group and ceased investing in the mezzanine and subordinated loans sector after suffering more than $4.5 billion in losses on its real estate and private equity portfolio in the first half of the
The CIC has named a 14-member International Advisory Council, which will advise the board and senior management on issues including portfolio development, strategy, and overseas investments.
CIC is poised to invest more than 80 per cent of the assets still allocated to cash in its $100 billion global portfolio, as it outlined in its first annual report to stakeholders it”cannot achieve its goals without productively deploying its capital”.
Governments are among the few agencies that can help the private sector hedge against the increasing problem of aggregate longevity risk. David Blake, Tom Boardman, Andrew Cairns and Kevin Dowd from the Pensions Institute at Cass Business School urge governments to issue longevity bonds as soon as possible
The £3.6 billion ($5.9 billion) London Pensions Fund Authority has recently beefed up its internal environmental, social and governance capabilities, resulting in more effective engagement, including with the Mayor of London. Kristen Paech talks to chief executive Mike Taylor about LPFA’s short, medium and long-term objectives for ESG and why the fund has taken matters
The Pension Research Council, part of the Wharton School at the University of Pennsylvania, recently hosted the 2009 Wharton Impact Conference, where leading academics, public pension sponsors and their advisors met to examine ways to reformulate and restructure retirement risk management. This is a summary of the proceedings, organised by Olivia Mitchell and Robert Clark.
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