Pension Pulse

Alex Harring and Yun Li of CNBC report Nasdaq falls more than 2% to post 6th straight losing day as Nvidia craters 10%:
The Nasdaq Composite fell for a sixth straight session on Friday, notching its longest losing streak in more than a year. The downtrend comes as Nvidia dived, adding to recent market woes tied to geopolitical conflicts and sticky inflation....

Matthew Black of the Edmonton Journal reports hundreds turn out to discuss state of CPP, possible Alberta pension plan:
Hundreds turned out Wednesday night to hear Canada Pension Plan Investment Board (CPPIB) officials discuss the state of the national retirement plan while acknowledging Alberta’s ongoing discussion about leaving it....

Benefits Canada reports Vestcor returns 7.5% for 2023, amid rising inflation, high interest rates:
Vestcor Corp. is reporting a 7.5 per cent return for 2023, despite the challenges of rising inflation and high interest rates.
The New Brunswick-based investment organization achieved five- and 10-year annualized returns of 6.27 per cent and 6.73 per cent, respectively. In a press release, Vestcor noted these returns ensure its clients continue meeting their funding objectives...

Derek Decloet and Christine Dobby of Bloomberg report Canada taps ex-BOC governor to examine how pension funds invest:
Canada’s finance minister has asked former central bank governor Stephen Poloz to examine ways to entice its pension funds to invest more in the country....