PSP Investments Names Eduard van Gelderen CIO
Fills year-long vacancy left by Daniel Garant’s 2017 departure.
Fills year-long vacancy left by Daniel Garant’s 2017 departure.
Although most plans are now fully funded, solvency gains can vanish quickly, firm says.
$15 billion fund has 7.6% of it portfolio invested in renewable energy and green real estate.
Representing $6 trillion in AUM, the group aims to further G7 initiatives.
CEO expects fund to report double-digit losses once every 10 years.
Defined benefit plans return 0.2% after gaining 4.4% in previous quarter.
Pensions returned 0.37% during Q1, despite Canadian equities falling 3%.
The 334 pooled funds turn negative after record gains in 2017.
Emmanuel Jaclot will replace Macky Tall effective June 1.
Canada’s second-largest pension fund manager reports five-year return of 10.2%.
Total assets gain C$8.9 billion to reach record high of C$337.1 billion.
Low interest rates, and a rising global economy boosted returns.
US equities were the top-performing asset class.
Regulations still needed for new pension type to take effect.
Strong Q4 equity markets boost funded status ratios across the board.