You are invited to attend an investment update presentation on Thursday, December 3, 2020 at 10 a.m. over Zoom video conferencing. The presentation will be made by Kamila Giesbrecht, Executive Director, Investments for the UBC Faculty Pension Plan. Ms. Giesbrecht will provide an update on the Plan’s investments and review of how the funds are […]
The UBC Faculty Pension Plan (FPP) Board of Trustees recently approved a change in the asset mix allocation of the FPP Balanced Fund option. This change is a result of our Asset Mix Study in 2019 when it was determined that increasing allocation to real estate and adding new non-domestic real estate mandates would lead […]
Asset markets continued their-V-shaped bounce off the March lows, with many equity markets nearly recovering to all-time highs by the end of June. This continues to be in stark contrast to economic activity, which is still undeniably weak and recovering much more slowly in the face of on-again, off-again lockdowns and general COVID-19 fears. In […]
In November, the UBC Faculty Pension Plan (FPP) Board of Trustees approved the addition of a new Fossil Fuel Free Balanced Fund to the UBC FPP investment options. Although there is still a process required to implement this new investment fund, it is expected that the fund will be available in the first half of […]
Two changes were recently made to the bond allocations in both the UBC Faculty Pension Plan Balanced and Bond Funds. The Real Return Bonds were sold in August and these assets were reinvested in a passive Universe bond mandate with BlackRock. State Street Global Advisors’ passive Universe bond mandate was terminated and these assets were […]
Environmental, Social and Governance (“ESG”) Investing has been very topical in the last few years and this article addresses what impact this has had on the UBC Faculty Pension Plan (“FPP”). There are many definitions of “ESG Investing” (sometimes referred to as Responsible Investing, Socially Responsible Investing, or Impact Investing). There is no clearly accepted […]
An undefined number of Plan members have expressed interest in having a new fund option that would exclude investing in firms associated with the fossil fuel industry (i.e. a Fossil Fuel Free or “FFF” fund). This mandate would be a narrower subset of the broader ESG factors but it is an area that has received […]
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 […]
Every two years, the UBC Faculty Pension Plan (FPP) Board of Trustees reviews the Statement of Investment Objectives and Beliefs as required by the Plan’s Governance Policy. The Statement of Investment Objectives and Beliefs forms part of the Statement of Investment Policies and Goals. At their January 18, 2017 meeting, the Board approved a change […]
Investment Update Presentation from Dec 3, 2020 – Recording and Q&A
January 14, 2021
On Thursday December 3, 2020, the FPP held an online investment update presentation. Kamila Giesbrecht, Executive Director, Investments, provided an update on the Plan’s investments and review of how the funds performed in 2020, followed by a brief question period. If you weren’t able to attend, you may view the recorded presentation here. Not all […]