Great year for Ontario Teachers still not good enough
Pity the folks at Ontario Teachers’ Pension Plan. They shot the lights out with investment performance last year and the fund is still in the red.
Fairfax County Employees’ Retirement System says its allocation to digital assets has become the best-performing investment in the fund’s history. The $6.3 billion pension plan first invested in blockchain infrastructure and digital assets through venture funds in 2019, and early distributions are now beginning to arrive.
Pity the folks at Ontario Teachers’ Pension Plan. They shot the lights out with investment performance last year and the fund is still in the red.
The positions have changed, over the past three years, in the food chain of professional funds management, away from the manager and towards the fiduciary. And it is not just the large fiduciary funds which can benefit from the trend.
While risk for investment portfolios has been well-studied in the light of the financial crisis – if insufficiently before – the notion of long-term risk is still underexplored, according to Roger Urwin.
As incongruous as it sounds, executives at Transocean Ltd – the company that owns the Deepwater Horizon oil rig which exploded in the Gulf of Mexico last year killing 11 people – have been paid bonuses for their improved safety performance.
You have to feel sorry for the investment professionals at large public sector pension funds around the world. They must pay a big price for the transparency of their funds.
The Norwegian Government Pension Fund has outsourced the management of its Spanish equities to one of the country’s top-performing managers.
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