Diversification Steers Canadian Pension Giant’s Ship into the Black
CEO Machin expects the next few years to be ‘much more challenging’ for investments.
CEO Machin expects the next few years to be ‘much more challenging’ for investments.
Tumbling equity markets in Q4 negated a strong first half.
Contributions remain stable, as funds face possible economic slowdown ahead.
But long-term returns fall well below target rates for endowments of all sizes.
Japan’s GPIF lost a staggering $136 billion due to Q4’s rout in equities.
$454.9 billion pension fund blames losses on market turmoil.
Investment returns fell by 50% from 2017 for state and university educators.
Leader Ray Dalio attributes portfolio balance to flagship Pure Alpha fund’s 14.6% returns.
Managers, auditors split on 2019 rate of returns, which are less than the previous two years.
Study of more than 28,000 endowments says ‘wisdom’ of top universities is ‘a myth.’
The star asset class’ 20.2% gains raises Trust’s value to $38.4 billion.
Declining Canadian equities, weakness in energy stocks weigh down returns.
Exchange rates leave a 0.6% performance, despite strong showing in Canadian-denominated returns.