Investment Archives - Page 83 of 149 - Pension Policy International

18NovNovember 18, 2022

Canada. CPP Investments Increases Net Assets to $529 Billion at End of Second Quarter 2023

Toronto-based Canada Pension Plan Investment Board, and its’ investment arm CPP Investments, increased its total assets in the second quarter of fiscal 2022, which ended on September 30, to $529 billion, compared to $523 billion at the end of Q1. The $6 billion increase in net assets for the quarter consisted of $1 billion in net income and $5 billion in net transfers from the Canada Pension Plan (CPP). The Fund, which includes the combination of the base CPP and additional...

November 18, 2022

NewsCanada, Investment

18NovNovember 18, 2022

Danish pension fund cuts China exposure

PFA, Denmark’s largest commercial pension fund, has exited two Chinese clothing manufacturers and is discussing how to handle its other China holdings amid an evolving risk environment, reports Bloomberg. The Copenhagen-based fund, which manages about $100 billion in assets, has sold out of Anta Sports and Li Ning, Rasmus Bessing, chief operating officer at PFA Asset Management, said in an interview. The holdings were worth around $4.2 million, he said. “We see China and the political development and believe that there...

November 18, 2022

NewsChina, Denmark, Investment

17NovNovember 17, 2022

Getting In On The Act: A New Generation Of Investors Is Here

Gen-Z and millennials are digital natives, caring about climate change, advocating for fair practices, and seeking impact investments that align with their values, and offer more than a short-term financial return. The investment world has undergone rapid change since the onset of the COVID-19 crisis. Data shows that global venture funding reached a record US$621 billion in 2021- more than double the 2020 mark of $294 billion. It is also swinging away from the historically dominant US, with Asia now...

November 17, 2022

NewsESG, Investment, Millennials

11NovNovember 11, 2022

Canadian teachers could have a $95 million hole in their pensions due to the FTX crypto implosion

The crisis at cryptocurrency exchange FTX is having ramifications far and wide. Now Canada’s third largest pension plan is revealing details about its exposure to the troubled company led by 30-year-old crypto billionaire Sam Bankman-Fried. On Thursday, the Ontario Teachers Pension Plan (OTPP) released a statement saying that in October 2021 it invested $75 million in both FTX International and its U.S. entity FTX.US. Additionally, it said, it made a follow-on investment of $20 million in FTX.US in January this...

November 11, 2022

NewsCanada, Investment, Pension Management

11NovNovember 11, 2022

Regulators researching all-to-all trading in U.S. Treasury market

In an effort to boost resiliency in the U.S. Treasury market, federal regulators are studying the pros and cons of widespread all-to-all trading, which would allow any market participant to trade directly with any other market participant, according to a report released Thursday. The report from the Inter-Agency Working Group on Treasury Market Surveillance, or IWAG, which is composed of staff from the Department of the Treasury, the Board of Governors of the Federal Reserve System, the Federal Reserve Bank...

November 11, 2022

NewsInvestment, US

10NovNovember 10, 2022

UK. Insurers face claims threat from pension fund LDI crisis

The events of the past few weeks are likely to result in claims and/or pressure on commercial relationships, particularly when pension schemes conduct their triennial valuations and agree new deficit reduction plans with employers. UK pension scheme managers and their insurers could face claims over their use of liability-driven investment strategies following the turbulence caused by Liz Truss's mini-budget There may be a surge in professional negligence claims against liability-driven investing (LDI) pension funds in the wake of the UK’s mini-budget. Claims...

November 10, 2022

NewsInvestment, Pension Management, UK

09NovNovember 9, 2022

UK. How Pensions Threatened Financial Stability

Speech By Sarah Breeden, Bank Of England Executive Director, Financial Stability Strategy And Risk, Given At ISDA & AIMA On the afternoon of 28 September, I found myself in a rather unusual position: having to explain to journalists why a part of the pensions industry, unheard of to most of their readers, had posed such a large threat to financial stability that it warranted intervention in the gilt market from the Bank of England. Financial markets globally had been volatile for...

November 9, 2022

NewsInvestment, Pension Management, UK

08NovNovember 8, 2022

US. Climate investors eye midterms with caution

After an active year of federal policy in favor of climate technology, investors are preparing to go it alone should the midterm results change the tone in Washington. Why it matters: Private investors may have to step up and fund potentially risky, capital-intensive projects like battery-manufacturing plants or grid-resilience projects should federal funds and incentives be pulled back or stopped altogether. Context: Several Republican candidates in state and federal races have indicated that ESG initiatives, particularly from large asset managers running...

November 8, 2022

NewsESG, Investment, US

08NovNovember 8, 2022

Japan’s GPIF reports 0.88% decline for latest quarter

Japan's Government Pension Investment Fund, Tokyo, said its portfolio ended the latest quarter with ¥192.1 trillion ($1.33 trillion) in assets, down 0.88%, or $11.6 billion, from the prior quarter. In a statement posted on GPIF's website Friday, Masataka Miyazono, the pension fund's president, said rate hikes in the U.S. and Europe to contain inflationary pressures stoked concerns of recession, depressing stock prices at home and abroad. But the dollar's continued gains vs. the yen during the quarter ended Sept. 30, to...

November 8, 2022

NewsESG, Investment, US

07NovNovember 7, 2022

UK bond turmoil leaves smaller pension schemes with longer-term costs

The recent crisis in Britain's government bond market means smaller UK pension schemes may fork out more money for a bespoke liability-driven investment (LDI) strategy in future to ensure better protection, industry sources say. LDI products, sold by asset managers such as BlackRock, Legal & General and Schroders to pension funds, use derivatives to help them "match" assets and liabilities so there is no risk of shortfall in money to pay pensioners. Pension funds, who must post cash as collateral against...

November 7, 2022

NewsInvestment, Regulation, UK

November 2022