Not to worry. When mark to market won’t give you the results you want, just mark to book value. If need be, fill the balance sheet with made up numbers. That’s sure to safeguard your retirement savings.
Canada’s large pensions are facing rising losses from real estate investments, according to a sector report by Fitch Ratings Inc., which concluded that fund titans are nevertheless well-positioned to absorb near-term market swings.
The ratings agency said it has not seen widespread private credit losses, though defaults are likely to tick up for the remainder of this year and into 2025 given higher debt service burdens for underlying borrowers and slowing growth.
CPP is heavily invested in the uk energy firm octopus energy, a company that boasts that it makes no profit.
Canadian pension fund Ontario Municipal Employees Retirement System has a major stake in Thames water, a utility that is 19 billion (GBP) in debt and has massive infrastructure problems that make Calgary look well managed.
Don’t even start with the ONT teacher pension fund.
Happy retirement….you won’t even get bugs to eat.
High investment management fees are paid for mediocre results.
A balanced mix of ETF’s would provide comparable or better results with dramatically reduced
management expenses.
But then who would the bonuses go to?
Y’all need to watch this:
https://www.youtube.com/watch?v=dk3AVceraTI
I gotta RIET to sell ya!
FP publishes that article yesterday, then closes the comments after ONE comment. What gives? Did someone in Ottawa take offense?