Pension Pulse

Paula Sambo of Bloomberg reports  Canada Pension Plan board names veteran David Colla as credit chief: Canada Pension Plan Investment Board, the country’s largest such money pool , named insider David Colla as global head of credit investments, elevating a private-debt specialist after the strategy posted returns in the teens last fiscal year. Colla, who joined CPPIB in 2010 and most recently led its capital solutions group, will assume the role April 1 and join the senior management team, the pension manager said Tuesday. He succeeds Andrew Edgell, who led the credit platform for five years and nearly doubled its size. Edgell will move to a senior adviser position. Chief executive John Graham said Colla’s experience across leveraged finance and structured credit will help the unit for its “next phase,” as private debt takes on a larger role within the portfolio. CPPIB returned 14.4 per cent in the credit asset class in the fiscal year ended March 31, 2025. Colla previously...

James Bradshaw of the Globe and Mail reports OMERS pension fund reports 6% gain as weak U.S. dollar dents investment returns: Ontario Municipal Employees Retirement System (OMERS) gained 6 per cent on its investments in 2025, lagging its benchmark but earning positive returns across most its portfolio in what chief executive Blake Hutcheson called “one of the most difficult years in my career to invest.” The pension fund manager’s annual performance was hampered by a weakening U.S. dollar, which dragged returns down by 1.3 percentage points, and poor performance from private equity investments, which lost 2.5 per cent. All other asset classes had positive returns for the year, led by a stock portfolio that gained 12.3 per cent, as public markets surged largely on optimism about technology and artificial intelligence. That market optimism was overshadowed by political turmoil and wars around the world, as well as the disorienting effect that shifting tariff policy has had...

Sean Conlon and Pia Sing of CNBC report  S&P 500 rises, Dow gains 200 points after Supreme Court strikes down Trump emergency tariffs: Stocks rose on Friday after the Supreme Court  ruled against President Donald Trump’s tariffs , potentially providing relief for companies burdened by higher costs from the duties and easing concern about sticky inflation still plaguing the U.S. economy. The S&P 500 advanced 0.69% and closed at 6,909.51, while the Nasdaq Composite gained 0.9% and settled at 22,886.07. The Dow Jones Industrial Average added 230.81 points, or 0.47%, and ended at 49,625.97. The 30-stock index recovered from a 200-point loss earlier in the session on disappointing economic data. The Supreme Court struck down most of Trump’s sweeping tariff policy under the International Emergency Economic Powers Act, with the majority ruling that that law “does not authorize the President to impose tariffs.” In response, Trump announced he will impose a new 10% ...