Institutional Investors

Canadian institutions hedge expectations


Hedge fund strategies are still in focus for Canadian investors where benign market conditions helped increase the value of assets managed by Canadian pension funds, endowments and foundations by some 10% last year, according to Greenwich Associates.

Greenwich interviewed 189 corporate funds, 48 public/provincial funds and 22 endowments and foundations in Canada totalling $1.3 trillion in assets. Despite market recovery and asset growth, the pension plan sponsors surveyed have made little progress in improving funding levels. Roughly 12% of institutions plan on increasing their hedge fund allocations over the next three years, while only 4% say they plan