Changes to Bonds – Balanced and Bond Funds
The UBC Faculty Pension Plan (FPP) Board of Trustees recently approved two changes to the bond investment manager structure that affect both the UBC FPP Balanced Fund and the UBC FPP Bond Fund options. The following are the changes: The Real Return Bonds managed by BlackRock are being sold and these assets will be reinvested […]
Change in Global Equity Manager
As reported in the September newsletter, the UBC Faculty Pension Plan Board approved the termination of one of the two active global equity managers, JP Morgan, and the hiring of a new global equity manager, Arrowstreet Capital. The assets were transferred to Arrowstreet on October 27, 2017. The change was made because JP Morgan had […]
Termination of Global Equity Manager, JP Morgan
The UBC Faculty Pension Plan Board recently approved the termination of one of the two active global equity managers, JP Morgan, and the hiring of a new global equity manager, Arrowstreet Capital. This change affects the Balanced Fund and Foreign Equity Fund options. Effective October 2017, the assets being managed by JP Morgan will be […]
Pending Changes to Foreign Equities – Balanced and Foreign Equity Funds
Two changes to the foreign equity manager structure were recently approved by the Plan’s Board of Trustees that affect both the Balanced Fund and Foreign Equity Fund options. There is no change in the total allocation to foreign equities in either fund option; however, there are changes in the manager/mandate allocations. These two changes are: […]
Termination of Canadian Equity Manager, PCJ Investment Counsel
The FPP Board recently approved the termination of one of the four Canadian equity managers, PCJ Investment Counsel. This change affects the Balanced Fund and Canadian Equity Fund options. Effective mid-June 2016, the assets being managed by PCJ Investment Counsel were equally distributed to the remaining three Canadian equity managers (i.e. Connor, Clark & Lunn, […]
Termination of Canadian Equity Manager, PCJ Investment Counsel
The FPP Board recently approved the termination of one of the four Canadian equity managers, PCJ Investment Counsel. This change affects the Balanced Fund and Canadian Equity Fund options. Effective mid-June 2016, the assets being managed by PCJ Investment Counsel will be equally distributed to the remaining three Canadian equity managers (i.e. Connor, Clark & […]
UBC FPP Short Term Investment Fund Investment Management Change
As of December 9, 2015 the investment management of the UBC Faculty Pension Plan (UBC FPP)’s Short Term Investment Fund (STIF) has been changed from British Columbia Investment Management Corp (bcIMC) to Sun Life Global Investments (Canada) Inc. This change was made primarily for operational reasons and will allow for more efficient handling of the […]
Termination of the Hedge Fund
The FPP Board of Trustees terminated the current investment in the hedge fund with BlackRock Inc. as of December 31, 2014. This fund was not meeting the performance expectations established for the fund. The existing Policy Mix for this hedge fund was a 3% allocation in the Balanced Fund and a 6% weighting in the […]
Investment Changes Affecting Bond and Balanced Funds
A change was recently approved to the allocation amongst three of the Fund’s current bond managers as shown below. This change provides a larger allocation to the two bond managers that employ a Core Plus mandate (ie. PIMCO and Alliance Bernstein). This Core Plus mandate allows a broader range of the type of bonds they […]
Investment Mandate Change affecting Bond and Balanced Funds
As of July 2013, State Street Global Advisors, one of the Plan’s bond managers, has slightly changed their investment mandate. Their prior mandate was an “Enhanced” index fund seeking to outperform the bond benchmark index (i.e. DEX Universe) by 0.15% per annum. As of July 2013, their new mandate is a fully passive one and […]