RECENT Clients
and projects
Dr. Marlene Puffer is a member of the Board of Trustees and member of the Investment Committee of the Hospitals of Ontario Pension Plan (HOOPP), one of Canada's largest pension plans.
Advising a major Canadian pension plan on Liability Driven Investing (LDI), including risk assessment, risk budgeting, optimization, and risk monitoring.
Litigation support on behalf of bondholders involving emerging market high yield debt.
Consulting project for the Department of Finance on the Government of Canada bond and T-bill auction process, with Alexandra MacKay and David Goldreich (Rotman School, University of Toronto), and Walter Bauer, (ALM Model Metrics)..
Research for CMHC on US Regulation of Mortgage Markets, including Consumer Access, Consumer Protection, and Financial Market Stability, with Michael Lea (Cardiff Economic Consulting). Related article.
Advising an investor on the Pan-Canadian Investors' Committee regarding restructuring Canada's ABCP market. Key documents on the restructuring can be found here, and click here for articles by Twist Financial on ABCP.
Key expert witness and litigation support for BCE and their partners vs. bondholders in the context of Canada's largest ever Leveraged Buyout transaction. The case was decided in favour of BCE at the Supreme Court of Canada. Reasons for the Judgement have yet to be released. A Globe and Mail article regarding the testimony can be found here. Article by Twist Financial on the Imlpications of the BCE transaction can be found here.
Global corporate fixed iincome investment strategy for large investment management firm.
Expert witness and litigation support for bondholders represented by McCarthy Tetreault determining damages due to bond redemption in breech of covenants. The damages were assessed according to the bondholders claim. The reasons for judgement may be found here.
Evaluation
of the Canada
Mortgage Bond Program for CMHC. Part of a large team of consultants evaluating the CMB program, with a focus on Canada's residential mortgage market, with an update given market developments since August, 2007. Twist Financial component reports included a report on Capital Markets, a report on Canadian Mortgage Markest (with KPMG), and a Literature Review, with Prof. Paul Halpern and Prof. Alexandra Mackay, from the Rotman School of Management, University of Toronto. Other consultants on the project included ALM Model Metrics, KPMG, Dr. Michael Lea of Cardiff Economic Consulting. The final summary report is here.
Fixed income investment strategy for a large mutual fund.
Fixed
income sales strategy for a major investment dealer.
Evaluating
and enhancing the fixed income strategy for a large mutual fund
company, including product design, marketing, and investor education.
Marketing for Standard and Poor's to promote adoption of the S&P/TSX
Canadian Bond Index by institutional investors and consultants.
Product
development, IT systems and marketing strategy for an investment
counseling firm.
Created and delivered a series of educational seminars on fixed income to a large law
firm.
Teaching
Business Finance at the Rotman School of Management, University
of Toronto, January - May, 2006.
