/desautels/taxonomy/term/1979/all en /desautels/channels/event/mcgill-mmf-information-session-toronto-oct-12 <p><big>黑料不打烊 University's new Masters of Management in Finance (MMF) is coming to Toronto next month. If you鈥檙e passionate about pursuing a career in Finance and would like the tools to achieve this goal, join Prof.</big></p> Thu, 22 Sep 2016 15:56:51 +0000 thao.nguyen3@mail.mcgill.ca 66540 at /desautels /desautels/channels/news/canadian-pension-funds-are-already-overweight-canadian-equities-360457 <p>Canada鈥檚 eight largest pension funds are big players in the world of institutional investing with more than $1 trillion under management collectively. Pressure is being applied for the funds to invest a greater proportion of their money in Canadian stocks. Yet, 18 per cent of their portfolio is already invested in domestic markets, explains Associate Professor <a href="/desautels/sebastien-betermier"><strong>Sebastien Betermier </strong></a>in an interview with Les Affaires.</p> Tue, 15 Oct 2024 20:09:37 +0000 arsh.prakash@mcgill.ca 1474203 at /desautels /desautels/channels/news/changes-pension-funds-portfolio-management-produce-different-demands-analysts-and-managers-360451 <p>Historically, pension funds managed their portfolios using a strategic asset allocation approach. Fundamentally, this meant buying a mix of asset classes with the highest probability of achieving the necessary returns, at a level of risk that was acceptable 鈥� or buying and holding. But since the mid-2000s, some large pension funds have adopted a total portfolio approach strategy, which seeks to maximize returns while keeping a portfolio鈥檚 volatility low.</p> Tue, 15 Oct 2024 19:55:06 +0000 arsh.prakash@mcgill.ca 1474110 at /desautels /desautels/channels/event/mipc-2024-grand-challenge-liquidity-retirement-savings-359415 <h4>As countries such as Peru, Chile, South Africa, and the UK advance with key liquidity initiatives, the question arises: How can we formulate innovative portfolio strategies that not only withstand the pressures of inflation but also cater to the </h4> Fri, 06 Sep 2024 17:56:23 +0000 john.sawaya@mcgill.ca 1290617 at /desautels /desautels/channels/news/lack-strategic-assets-can-be-deterrent-domestic-investment-large-pension-funds-358906 <p>In 2023, the Government of Australia suggested that some of the country鈥檚 pension assets might be used to fund social housing or renewable energy. The idea received mixed reception, and to understand why, Lachlan Maddock of Investor Strategy News looked to Canada, where a group of business leaders called for pension funds to increase their holdings of Canadian equities. Maddock quoted research published by 黑料不打烊 Desautels鈥� Associate Professor of Finance <a href="/desautels/sebastien-betermier"><strong>Sebastien Betermier</strong></a>.</p> Tue, 27 Aug 2024 22:20:22 +0000 arsh.prakash@mcgill.ca 1236624 at /desautels /desautels/channels/news/2020-sshrc-insight-grants-awarded-329114 <h4>Congratulations to the Desautels professors who received 2020 SSHRC Insight Grants and Insight Development Grants.</h4> <hr /> <h5>SSHRC Insight Grants</h5> <ul> <li>Professor <a href="/desautels/laurent-barras">Laurent Barras</a> (with Professor <a href="/desautels/david-schumacher">David Schumacher</a>)</li> <li>Professor <a href="/desautels/sebastien-betermier">Sebastien Betermier</a></li> <li>Professor <a href="/desautels/lisa-cohen">Lisa Cohen</a></li></ul> Tue, 23 Feb 2021 23:02:04 +0000 angela.l.williams@mcgill.ca 79909 at /desautels /desautels/channels/news/opening-infrastructure-could-encourage-canadas-pension-funds-invest-more-domestically-357950 <p>The Government of Canada is exploring ways to increase investments in the country鈥檚 pension fund equities, but doing so sacrifices returns, according to The Economist. Over the past decade, Canadian mid and small-cap stocks have returned just 3-4% each year, while U.S. stocks have seen a 13% return annually. Opening infrastructure to investment is another way to encourage pension funds to invest more of their capital domestically.</p> Mon, 15 Jul 2024 18:08:14 +0000 arsh.prakash@mcgill.ca 1194523 at /desautels /desautels/channels/news/domestic-investment-should-canadian-pension-funds-focus-local-companies-357933 <p>Canada鈥檚 biggest pension funds are some of the world鈥檚 largest investors and their diversified portfolios span the globe. But, should they be investing more in Canadian companies? Some CEOs think so. In March, 90 CEOs signed an open letter to<strong> Finance Minister Chrystia Freeland</strong> urging her to find ways to get pension funds to invest more in Canadian companies. But forcing pension funds to do so would be a mistake, says CD Howe Institute Senior Fellow Miville Tremblay in an op-ed in LaPresse.</p> Thu, 11 Jul 2024 19:10:44 +0000 arsh.prakash@mcgill.ca 1194519 at /desautels /desautels/channels/news/negative-real-estate-returns-have-some-pension-funds-considering-change-approach-357921 <p>Over the past few decades, Canada鈥檚 big pension funds have piled into direct real estate investments. But, as higher borrowing costs hit property markets, returns have gone negative. Some funds are considering whether they should take a step back and make this type of investment through third-party managers. 鈥淵ou have a few pension funds asking themselves, should I continue to go as direct?鈥� says Associate Professor of Finance聽<a href="/desautels/sebastien-betermier"><strong>Sebastien Betermier</strong></a>聽in an interview with BNN Bloomberg.</p> Tue, 09 Jul 2024 18:31:33 +0000 arsh.prakash@mcgill.ca 1194509 at /desautels /desautels/channels/news/sustainable-investing-doesnt-only-mean-companies-are-already-green-large-investors-can-push-357716 <p>Many pension funds are pledging to invest in green assets with net-zero emissions, but these investments tend to yield lower returns than the broader market index. Beyond that, a hard shift toward green investments could remove the incentive for heavy emitters to clear up their act. Investors need to rethink the assumption that sustainable investing means investing primarily in green assets, writes Professor<a href="/desautels/sebastien-betermier" target="_blank"><strong> Sebastien Betermier</strong></a> in Benefits Canada.</p> Thu, 13 Jun 2024 18:26:13 +0000 arsh.prakash@mcgill.ca 1194454 at /desautels /desautels/channels/news/new-york-city-public-pension-fund-pushes-rbc-energy-transparency-356859 <p>The New York City Public Pension Fund has pushed Canada鈥檚 largest bank to deliver greater transparency about its investments in green energy and fossil fuels. The Royal Bank of Canada (RBC) will begin publishing the ratio between the two types of energy investments in its portfolio.</p> Wed, 17 Apr 2024 18:01:53 +0000 arsh.prakash@mcgill.ca 1113677 at /desautels /desautels/channels/news/after-slow-2023-exchange-traded-fund-listings-are-revitalizing-356858 <p>In 2023, more than 120 exchange-traded funds (ETFs) were delisted in Canada鈥攎ore than four times as many as in an average year. Even so, there was still a net gain in the overall number of ETFs, with 164 new ones launching for the year. With numbers in for the first quarter of 2024, the high number of delistings appears to have been an anomaly.</p> Wed, 17 Apr 2024 17:57:31 +0000 arsh.prakash@mcgill.ca 1113676 at /desautels /desautels/channels/news/mcgill-desautels-faculty-members-and-researchers-celebrated-bravo-gala-356258 <p>聽</p> <p>黑料不打烊 University hosted its annual Bravo Gala on Thursday, March 21, which honours its faculty members and researchers who have won special awards, memberships and prizes over the past year. 黑料不打烊 Desautels is proud to announce 14 of its faculty amongst the distinguished honourees this year. Congratulations to our deserving laureates! Full list below.<br /> #Bravo2024</p> <p>路 <a href="/desautels/genevieve-bassellier"><strong>Genevi猫ve Bassellier</strong></a>, Best AMCIS Emergent Research Forum Paper, Americas Conference on Information Systems</p> Thu, 21 Mar 2024 17:55:09 +0000 arsh.prakash@mcgill.ca 1063860 at /desautels /desautels/channels/news/any-changes-pension-fund-policies-should-carefully-consider-risks-and-rewards-domestic-investments-356274 <p>Dozens of business leaders recently signed an open letter to Finance Minister Chrystia Freeland arguing that pension funds should invest more in Canadian businesses. But their argument doesn鈥檛 line up with the facts, writes <a href="/desautels/sebastien-betermier"><strong>Prof. Sebastien Betermier</strong></a> in an op-ed in The Globe and Mail. Academic research has shown Canadian pension funds allocate a large portion of their portfolio to domestic assets.</p> Fri, 22 Mar 2024 16:40:52 +0000 arsh.prakash@mcgill.ca 1066128 at /desautels /desautels/channels/news/advanced-life-deferred-annuities-can-give-retirees-peace-mind-356136 <p>For people with defined contribution pension plans, longevity risk is a significant concern. You don鈥檛 want to outlive your money. The issue is compounded because today鈥檚 retirees have longer life expectancies than ever before, writes<a href="/desautels/sebastien-betermier"><strong> Sebastien Betermier</strong></a> in Benefits Canada. Most retirees decumulate their capital on their own, but because they鈥檙e afraid to outlast their savings, this leads to a pattern of living poor and dying rich. An advanced life deferred annuity (ALDA) can help address this problem.</p> Thu, 14 Mar 2024 16:49:21 +0000 arsh.prakash@mcgill.ca 1045017 at /desautels