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Towers Watson: Funding ratios drop in 5 of 7 markets
trueThe funding levels of Towers Watson’s benchmark corporate pension plans in five major regions fell in the third quarter because of falling interest rates and modest investment returns.
Pyramis: U.S. investors have different take on alternatives than Europe, Asia
trueU.S. institutional investors' views on investing in alternatives has diverged from their investing brethren in Europe and Asia, said a new survey by Pyramis Global Advisors.
Ontario Teachers aims to clean up with new investment
trueThe C$140.8 billion (US$125.5 billion) pension fund acquired a 30% stake in CSC ServiceWorks, Plainview, N.Y., which leases coin-operated laundry machines and gas station tire pumps throughout North America and Europe. The stake was bought from private equity manager Pamplona Capital Management by ...
Canadian pension funds return 1.1% in quarter on foreign currency gains
trueCanadian defined benefit plans in the RBC Investor & Treasury Services universe returned 1.1% in the third quarter and 8.6% for the first nine months of 2014.
University of Guelph seeks consultant for asset/liability study
trueUniversity of Guelph (Ontario) is searching for an investment consultant to conduct an asset/liability study of its three defined benefit plans with a combined C$854 million (US$757 million) in assets.
Caisse invests in Manulife's new home
trueCaisse de Depot et Placement du Quebec, Montreal, and Manulife Financial reached agreement to build a new home for the combined staff of Manulife and Standard Life Investments' Canadian operations, which Manulife is acquiring.
Cambridge Global Asset Management elevates portfolio manager to co-CIO
trueBrandon Snow was promoted to principal and co-chief investment officer at Cambridge Global Asset Management, effective immediately, said Neal Kerr, senior vice president, investment management, at parent company CI Investments.
Canada may ban pension funds from investing in sponsor's stock
trueCanadian corporate pension plans would be banned from investing directly in their sponsoring company stock under a draft of federal regulatory changes announced late last month.
Canada officially launches pooled DC plans for employees in private sector, territories
truePooled registered pension plans now can be offered to Canadian businesses and employees working in federally regulated industries as well as residents of Canadian territories.
CIBC adds equity portfolio managers
trueScott Vali was named vice president and equity portfolio manager at CIBC Asset Management, and Sara Shahram was named associate portfolio manager, equities.
Mercer: Canadian pension plan funding drops in third quarter
trueCanadian defined benefit plans’ funding fell in the third quarter, based on the Mercer (Canada) Pension Health index, because of declines in long-term interest rates coupled with an increase in the estimated cost of purchasing annuities.
Aon Hewitt: Canadian DB plans' funding status slips
trueCanadian defined benefit plans administered by Aon Hewitt saw their funded status slip in the past three months, to a median 91.1% as of Sept. 26 from 96%.
TMX names new CEO
trueLou Eccleston was named CEO of TMX Group, operator of the Toronto and Montreal stock exchanges among other Canadian equity, fixed-income and energy trading venues.
Canada offers lessons for CalPERS, other U.S. funds
trueI was a member of a task force created in the late 1980s by the government of Ontario to recommend how the province's public-sector pension plans might be restructured for better performance.
Woman behind new Ontario pension plan getting a lot of help
trueThe woman overseeing Ontario's creation of a supplemental pension plan might not have direct pension fund experience, but the committee she oversees is packed with it, allowing her to do what she does best.