Rebounding public equities markets contributed “significantly” to a 10.1% return for the CPP Fund in the most recent fiscal year ending March 31.
Notwithstanding the boost from public equities, which represented 32.2% of the CPP Fund portfolio, executives of the CPP Investment Board (CPPIB) said Thursday that they remain committed to private market assets and expect them to outperform over the long-term.
MONTREAL • The Caisse de Dépôt et Placement du Québec will increase its investments in real estate, infrastructure and private equity by as much $12-billion over the next two years as it hunts for assets with intrinsic value not necessarily reflected in “hyper short-term focus” of public markets.
The California Public Employees' Retirement System (CalPERS) is an agency that manages pension and health benefits for more than 1.6 million California public employees, retirees, and their families. Its pension plan assumes 7.5% annual growth.
For fiscal year ending 2012 CalPERS Reports Preliminary Performance of 1 Percent.
How Underfunded is CalPERS?
TORONTO – There could be some relief on the horizon for Canadian pensions with solvency positions improving “sharply” in the first quarter of this year due to a strong equity market performance and an uptick in long-term interest rates, according to a report released Tuesday by pension consultant Mercer LLC.
In addition, “plan sponsors have been making contributions to fund the deficits,” said Manuel Monteiro, a partner in Mercer’s financial strategy group.
In the worst possible form of kicking the can down the road, at the worst possible time as well (given the lofty overvalued condition of the stock market), To Pay New York Pension Fund, Cities Borrow From It First.
MONTREAL — The Caisse de dépôt et placement du Québec moved to distance itself Wednesday from the Quebec government’s plans to shield the province’s corporations using a special $10-billion strategic fund, saying it is “not in the protection business.”
Quebec finance minister Nicolas Marceau indicated as recently as Feb. 13 that his Parti Québécois government was still working up plans for such a fund after Premier Pauline Marois insisted during last summer’s election campaign that Quebec “needs to act with force” in regaining control of its economic development.
Ford Motor Co. on posted surprise earnings of nearly a billion dollars in the third quarter and said it was on track to become "solidly profitable" by 2011 after years of painful losses.The number two US automaker swung to a profit of 997 million dollars from a loss of 161 million dollars in the same period in 2008 as it continued to restructure to cope with slumping sales amid the worst global downturn in decades.The profit amounted to 26 cents per share excluding special items, a huge surprise to analysts who had expected a 12 cent loss.