Large Canadian pension funds are known to invest heavily in real assets, which include real estate, infrastructure and land. In this recently published final academic report entitled Green Urban Development: The Impact Investment Strategy of Canadian Pension Funds, the authors take the analysis down to the asset level and study how these funds create value and manage risks in the private real estate market.
Please join Sebastien Betermier, one of the authors of this report, as he discusses how large Canadian pension funds are uniquely active in the market of direct real estate investments.
The session will address the following:
- Even though they manage just 6 per cent of global pension assets according to the data, these funds are responsible for 60 per cent of the total value of direct real estate deals involving a pension fund.
- Their portfolio strategy combines global asset diversification with a local impact strategy that consists of internally developing and greening urban properties.
- Using a common benchmarking methodology across funds, the study shows that this strategy delivers superior performance net of fees while contributing to the green development of major city centers.
We look forward to having you join us.
Associate Professor of Finance at the Desautels Faculty of Management at McGill University.
Sebastien Betermier's research seeks to understand the relationships between risk and return and how these drive investors in their investment decisions and contribute to the development of sustainable pension systems. His work appears in top finance journals and has received several distinctions, including lead article in the Journal of Finance in 2017. Professor Betermier teaches Investment Management, Applied Investments, and Pension Investing at both the undergraduate and graduate levels. He has been recognized repeatedly through nominations for teaching excellence which includes receiving the Desautels Distinguished Teaching Award in 2016 and 2020 and coaching the winning team of the PRMIA international risk management challenge in 2016, 2017, and 2019. He was named one of the World's Best 40 under 40 Business School Professors by Poets and Quants in 2017. Professor Betermier holds a PhD in Finance from the Haas School of Business at the University of California at Berkeley.
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