Assets of the Alberta Investment Management Corp. reached C$210.7 billion, with big moves in Cenovus, Enbridge, Nvidia and American index ETFs.
The gains raised the pension giant’s asset value to more than $2 trillion.
But the stake may be a drag on Q3 results, as its value has plummeted by nearly $2 billion in two months.
A head of insurance client solutions stresses why long-term investors need to distinguish between measurable risks and the broader uncertainty inherent in investing.
A 7.3% loss from real estate investments created a drag on the pension giant’s performance.
The $300 billion pension giant has been increasing its holdings of international and emerging markets equities.
The increased agility available in public markets might provide more value than the higher-return expectations in private markets.
The meager 2.3% return from the Quebec pension fund’s private equity portfolio fell well short of the benchmark’s 12.6%.
The $57 billion endowment slashed its holdings in Amazon, Microsoft, Bitcoin and Nvidia, while raising its stakes in Alphabet and Taiwan Semiconductor.
Commodities rise; the dollar falls amidst deglobalization.
While most forecasts are optimistic for next year, volatility is projected to continue, likely resulting in a variety of strategies rising to navigate it.
New research from National Australia Bank found that artificial intelligence and digitization are the leading themes influencing investment decisions.
CalPERS will vote next month on a proposal to adopt the trending investment strategy.