Lauren Bailey

3 weeks ago | marketsgroup.org | Lauren Bailey

The C$4.8B ONE Investment appointed Julie Pittini as the new chair of its Board of Directors. In addition to her new role, Pittini is also the deputy treasurer and director of treasury services at the Region of Peel, where she has worked since 2017. Prior to joining the Region of Peel, Pittini worked at the Ontario Power Generation, serving in multiple roles including, senior advisor of investments, senior manager of investments and director of public markets.

3 weeks ago | marketsgroup.org | Lauren Bailey

By StaffThe Nova Scotia’s Teachers’ Pension Plan Trustee Inc. generated a net return of 9.76% in 2024, missing its benchmark of 12.54%. According to its latest annual report, by the end of the fiscal year-end of 2024, the plan’s assets were $6.2B, up from $5.8B in 2023. Notably, the gap between plan liabilities and net assets decreased last year to -$1.4B from -$1.617 in 2023. Indeed, its funded ratio increased from 78.1% to 81.1%.

3 weeks ago | marketsgroup.org | Lauren Bailey

By Lauren BaileyFor the first time in nearly two decades, the average funded status of the 100 largest public U.S. corporate defined benefit pension plans increased to 101.1% by the fiscal year end of 2024, up from 98.5% the year prior, according to a report by Milliman. The report, which studied employers across multiple business sectors, found the total value of the pension plan assets among the indexed companies was $1.26T at the end of 2024.

3 weeks ago | marketsgroup.org | Lauren Bailey

Alberta Premier Danielle Smith is putting plans to hold a referendum to determine support for a provincial pension plan on the back burner for now. According to a report by the Edmonton Journal, Smith said she doesn’t think Albertans have “an appetite” to pull out of the $632.3B Canada Pension Plan, noting there is still the question of just how much of the national program’s total assets would be allocated to the province should it decide to exit the CPP.

3 weeks ago | marketsgroup.org | Lauren Bailey

KCERA adding to FI credit, core allocations for liquidity, risk mitigation By Lauren BaileyThe $6.2B Kern County Employees Retirement Association is restructuring its fixed income allocations to ensure the fund meets its objectives of providing liquidity and risk mitigation. In 2023, the pension plan conducted a strategic review of its asset allocations, which determined a structural shift was needed to de-risk the fixed income portfolio so it could meet its objectives.