LDI

Liability Driven Investments refers to an investment strategy that aims to reduce risk relative to liabilities such as pension payments. The strategy often includes a hedging portfolio combined with a return-seeking portfolio.

Hospitals of Ontario Pension Plan (HOOPP)

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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.

LDI Strategy and Implementation

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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.

Recent Trends in LDI and Practical Considerations

January 13, visit web thumb there 2010. Panel discussion with Jonathan Tetrault and Malcolm Hamilton. CPBI Ontario - Pension Investment Forecast 2010, Toronto, Ontario.

Pensions: Roundtable on Current Topics

April 15, pills 2009, rx Canadian Institute of Actuaries Pension Seminar, Toronto, with Patricia Croft.
April 15, pills 2009, rx Canadian Institute of Actuaries Pension Seminar, Toronto, with Patricia Croft.
September 27-29, case 2009, Treasury Management Association Conference, Niagara Falls, Ontario.

Impact of Today's Environment and Market Intervention on Bond and Money Markets

September 27-29, 2009, "Impact of Today's Environment and Market Intervention on Bond and Money Markets". Treasury Management Association Conference, Niagara Falls, Ontario, with David Schaffner.

Market Turmoil and Pension Plans

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April 15, 2009, Canadian Institute of Actuaries Pension Seminar, Toronto, with Patricia Croft. This speech addressed the determination of the long-term corporate bond discount rate for pension liabilities. Dr. Puffer was a member of the CIA's Task Force on Discount Rates.

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Recent Trends and Developments in Fixed Income

April 22, health 2008, Toronto CFA Society luncheon, introductory remarks and moderator with Purdy Crawford, Francesca Guolo, and Andrew Kresse. Including live webcast. Click to read the handout summarizing the restructuring.
April 22, health 2008, Toronto CFA Society luncheon, introductory remarks and moderator with Purdy Crawford, Francesca Guolo, and Andrew Kresse. Including live webcast. Click to read the handout summarizing the restructuring.
October 20, viagra sale 2008, malady Insight Fixed Income Conference, Toronto, ON. The presentation focussed on the differences between Canadian and US mortgage markets and implications for Canadian bond markets. Marlene Puffer was a featured speaker for the third year in a row.

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Pension Plan Risk

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October 29-30, what is ed hospital hospital 2007, Insight Fixed Income Conference, Toronto, ON.  Featured Speaker.
October 29-30, what is ed hospital hospital 2007, Insight Fixed Income Conference, Toronto, ON.  Featured Speaker.
October 29-30, treat 2007, Insight Fixed Income Conference, Toronto, ON
October 29-30, what is ed hospital hospital 2007, Insight Fixed Income Conference, Toronto, ON.  Featured Speaker.
October 29-30, treat 2007, Insight Fixed Income Conference, Toronto, ON
November 20, cialis 2007, International Foundation, Foundations for Trustees 2 Pensions, San Antonio, TX

Update on Industry Trends and Developments in Fixed Income Investing

October 29-30, what is ed hospital hospital 2007, Insight Fixed Income Conference, Toronto, ON.  Featured Speaker.