Dr. Puffer sits on the Investment Review Committee for Canso Investment Management and Lysander Funds.
Dr. Marlene Puffer is a member of the Board of Trustees and she is Chair of the Asset-Liability Committee of the Hospitals of Ontario Pension Plan (HOOPP), one of Canada’s largest pension plans. The Asset-Liability Committee oversees all aspects of the leading-edge liability-driven investment strategy that makes extensive use of derivatives and alternative asset classes.
Dr. Puffer created and implemented a Liability-Driven Investment strategy (LDI) for NAV CANADA’s $3Billion pension plan using derivatives. She was responsible for all aspects of investment management and asset mix for the pension fund. She restructured the real estate and equity portfolios. The strategy reduced the volatility of the plan’s solvency ratio and improved the risk profile of the pension fund. She worked closely with the Board, senior management, unions and the plan actuaries to develop a governance process for the pension plan including risk assessment, risk budgeting, optimization, and risk monitoring.
Dr. Puffer was a key expert witness and provided 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 and has had important effects on the Canadian market. An article by Twist Financial on the Implications of the BCE transaction and court case on corporate bondholders in Canada can be found here.
September 27-29, case 2009, Treasury Management Association Conference, Niagara Falls, Ontario.
Dr. Puffer sat on the Pension Committee and on the Board at Havergal College. Pension Committee 2006 – 2009; Finance and Audit Committee 2006 – 2008