Pension Pulse

Earlier today,CNBC's Morgan L Brennan sat down at the Reagan National Economic Forum with J.P. Morgan CEO Jamie Dimon to discuss tariffs, China, U.S. policy and more. The Reagan Foundation made the entire interview available and I highly recommend you watch it all below. This is by far Dimon's best interview, he didn't hold back one bit discussing everything from the "enemies within," why the USD will not remain the reserve currency, why immigration, education and taxation policies need to be reformed, why the Biden administration wasted billions on the green economy, why China remains a powerhouse no matter what tariffs the US government imposes, why bond vigilantes are back, why pension funds have abdicated their fiduciary duty, blindly following ISS on proxy votes and a lot more . He also discusses private equity and the rise in private credit and why we need better regulations there.  He doesn't hold back one bit, everyone should watch this interview, no B...

Today, University Pension Plan Ontario (UPP) reported a 10.3% return and sustained growth in 2024: Toronto, ON – University Pension Plan Ontario (UPP) today announced a 10.3% annual net rate of return in 2024, growing net assets to $12.8 billion. The Plan remained fully funded at 102% with a surplus, staying well-equipped to pay members’ pensions today and over the long term. These results were published in UPP’s 2024 Annual Report, which outlines the Plan’s performance and progress during its third full operating year.  “UPP was created to protect and grow the pension security of our members, and that responsibility guides every decision we make. This past year marked an important step forward—strengthening the foundation that supports our members through strong investment performance, disciplined risk management, and the continued rollout of dedicated member services. As we build on this momentum, we remain firmly focused on delivering the ...

 Iris Dorbian of PE Hub reports  Brookfield and CDPQ snap up Antylia Scientific for $1.34bn: Antylia is a manufacturer and distributor of consumables and testing equipment serving diagnostics, environmental and life sciences labs The acquisition was made by Brookfield’s private equity group It marks Brookfield’s latest transaction in the US industrial and manufacturing sector Brookfield Asset Management and Caisse de dépôt et placement du Québec (CDPQ) have acquired Antylia Scientific, a Vernon Hills, Illinois-based life sciences company, for about $1.34 billion. The seller was GTCR , which acquired Antylia in 2014. Antylia is a manufacturer and distributor of consumables and testing equipment serving diagnostics, environmental and life sciences labs. The business makes and sells essential products that support the accuracy and repeatability of processes in labs and benefits from a diverse and long-term customer base which supports its strong cash flow generation. A...

Freschia Gonzalez of Benefits and Pensions Monitor recently reported that Oxford Properties took full control of Calgary and Vancouver office portfolio: Oxford Properties has agreed to acquire Canada Pension Plan Investment Board’s (CPPIB) stake in a portfolio of seven office buildings in a deal that values the assets at $1.5bn, according to a person familiar with the matter, as reported by BNN Bloomberg .  The person, who requested anonymity due to the private nature of the discussions, said Oxford—real estate arm of the Ontario Municipal Employees Retirement System (Omers)—will purchase the 50 percent stake it does not already own.   ...

Mary McDougall of the Financial Times reports Canadian pension giant CDPQ set to invest more than £8bn in UK over next fives years: Canada’s second-largest pension fund plans to invest more than £8bn in the UK over the next five years, in a boost to chancellor Rachel Reeves as she seeks external investment to fund big infrastructure projects. Caisse de dépôt et placement du Québec, which manages C$473bn (£254bn) on behalf of 6mn pension savers, planned to increase its allocation to UK assets by 50 per cent over the next five years, the fund’s chief executive Charles Emond told the Financial Times in an interview. “We’d like to be a partner of trust and choice in the UK,” said Emond, adding that the government’s plans to increase infrastructure spending were “a huge opportunity and we’d like to be there in the early stages to see if we can do something”. He added that the UK would be “top of the list” compared with many other countries in terms of “willingness, clarity, tran...