"Canada is home to some of the world’s most admired and successful public pension organizations" and
"The core characteristics of the Canadian pension model, articulated in more detail in the next section, have been demonstrated to improve performance. Strong, independent governance is often cited by experts as a driver of outperformance. Inhouse investment management tends to result in improved returns after taking costs into account."
The pension funds all take a much more broadly diversified AND deeper approach than actively managed mutual funds. They are more akin to a Blackstone or Apollo.
Almost all of the top Canadian pension funds have better performance to benchmark over a 3 decade horizon including during the financial crisis, so arguably the proof is in the pudding so to speak.
FTA:
"Canada is home to some of the world’s most admired and successful public pension organizations" and "The core characteristics of the Canadian pension model, articulated in more detail in the next section, have been demonstrated to improve performance. Strong, independent governance is often cited by experts as a driver of outperformance. Inhouse investment management tends to result in improved returns after taking costs into account."
The pension funds all take a much more broadly diversified AND deeper approach than actively managed mutual funds. They are more akin to a Blackstone or Apollo.
Almost all of the top Canadian pension funds have better performance to benchmark over a 3 decade horizon including during the financial crisis, so arguably the proof is in the pudding so to speak.