Dozens of business leaders recently signed an open letter to Finance Minister Christia Freeland arguing that pension funds should invest more in Canadian businesses. But their argument doesn’t line up with the facts, writes Prof. Sebastien Betermier in an op-ed in The Globe and Mail. Academic research has shown Canadian pension funds allocate a large portion of their portfolio to domestic assets.

Classified as: Sebastien Betermier
Category:
Published on: 22 Mar 2024

 

McGill University hosted its annual Bravo Gala on Thursday, March 21, which honours its faculty members and researchers who have won special awards, memberships and prizes over the past year. McGill Desautels is proud to announce 14 of its faculty amongst the distinguished honourees this year. Congratulations to our deserving laureates! Full list below.
#Bravo2024

· Geneviève Bassellier, Best AMCIS Emergent Research Forum Paper, Americas Conference on Information Systems

Classified as: Genevieve Bassellier, Sebastien Betermier, Yolande E. Chan, Maxime Cohen, Samer Faraj, Warut Khern-am-nuai, Anna Kim, Henry Mintzberg, Robert Nason, Amandine Ody-Brasier, Saibal Ray, Emmanuelle Vaast, David Schumacher, Thomas Rivera
Published on: 21 Mar 2024

For people with defined contribution pension plans, longevity risk is a significant concern. You don’t want to outlive your money. The issue is compounded because today’s retirees have longer life expectancies than ever before, writes Sebastien Betermier in Benefits Canada. Most retirees decumulate their capital on their own, but because they’re afraid to outlast their savings, this leads to a pattern of living poor and dying rich. An advanced life deferred annuity (ALDA) can help address this problem.

Classified as: Sebastien Betermier
Published on: 14 Mar 2024

Sebastien Betermier and David Schumacher (both Associate Professors in Finance) along with their co-author Ali Shahrad (Assistant Professor, University of Saskatchewan) have won the “Best Paper Using EUROFIDAI Daily Data Award” in 2023 for their research paper titled “Mutual Fund Proliferation and Entry Deterrence”, published in the journal Review of Asset Pricing Studies.

Classified as: desautels research, Sebastien Betermier, David Schumacher, Finance (T)
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Published on: 22 Jan 2024

For its 7th edition, the 2023 McGill International Portfolio Challenge (MIPC), as part of McGill’s Sustainable Growth Initiative (SGI), gathered over 80 teams from 27 countries to address retirement challenges amidst inflation. Participants tackled the task of developing decumulation strategies for the fictional Maple Leaf Pension Plan, simulating real-world data.

Classified as: McGill International Portfolio Challenge (MIPC), Sustainable Growth Initiative (SGI), Sebastien Betermier
Published on: 19 Jan 2024

Pension funds manage enormous amounts of capital, but they don’t create as much value as other players in the financial sector. Entrepreneurs, venture capitalists and private equity funds all play a more direct role in launching projects and creating value. But some Canadian pension funds have taken control of the value-creation process with investments in real estate, natural resources, infrastructure, and private credit, writes Associate Professor Sebastien Betermier in Wealth Professional.

Classified as: Sebastien Betermier, Finance (T)
Published on: 10 Jan 2024

Canadian pension funds have outperformed their counterparts elsewhere, and a recent study co-authored by Associate Professor of Finance Sebastien Betermier examines how they’ve accomplished this. The study analyzes four deals – in the agricultural, railway transportation, real estate development, and financial services– that diversified their holdings and enabled their success.

Classified as: Sebastien Betermier
Published on: 12 Dec 2023

More than 3 million Canadians will be facing mortgage renewal in the next 18 months – and with interest rates still at their highest level in years, many will face payments that are 30-40% higher. “Inflation has been off the charts for the past couple years, and when the Bank of Canada raises interest rates, it is to bring inflation down,” explains Sebastien Betermier, Associate Professor of Finance.

Classified as: Sebastien Betermier
Published on: 12 Dec 2023

Canadian pension funds are strategically divesting from their private equity holdings to realign their portfolios. Recognizing the inherent lag in private equity valuations compared to publicly traded assets, the move aims to address potential overvaluations, particularly in the context of rising interest rates.

Classified as: Sebastien Betermier, Finance (T)
Published on: 21 Nov 2023

Canada and Australia are both examples of successful pension fund management, said Prof. Sebastien Betermier in a keynote presentation to the Government Employees Pension Fund (GEPF) Thought Leadership Conference in Cape Town, South Africa. While there are differences, both capture similar efficiencies: getting people to save money early, so they benefit from compounding. The assets in these funds are professionally managed, which provides multiple advantages.

Classified as: Sebastien Betermier, Finance (T)
Published on: 20 Nov 2023

The Canada Pension Plan (CPP) launched in 1966 and pays retirees a monthly amount based on contributions deducted from their paycheques throughout their working lives. "You contribute with the understanding that when it comes your time to retire, you can expect your own steady stream of income where the risks are being managed directly by the plan," says Prof.

Classified as: Sebastien Betermier, Desautels Faculty of Management
Published on: 10 Nov 2023

Congratulations to the McGill Desautels professors who received 2023 SSHRC Insight Grants.


The Social Sciences and Humanities Research Council of Canada (SSHRC) is the federal research funding agency that promotes and supports research and training in the humanities and social sciences.

Taha Havakhor (Principal Investigator) and Hyunji So (Co-Applicant) for “Social Media Use and Workforce Disparities: A Study of Gender Pay and Promotion Gaps”

Classified as: Social Sciences and Humanities Research Council (SSHRC), Sustainability, Sustainability (R), SSHRC Funded, Taha Havakhor, Ernan Haruvy, Sebastien Betermier, Samer Faraj, Hyunji So
Category:
Published on: 28 Sep 2023

The global transition to net-zero requires significant changes in the way businesses operate and grow. How can business leaders successfully manage this energy transition? What are its opportunities and risks for businesses? And what role do corporate boards and investors play in overseeing and encouraging the transition?

Classified as: delve, Thought Leadership, Sebastien Betermier, Sustainable Growth Initiative (SGI)
Published on: 8 Jun 2023

Across programs and subject areas, the Desautels Faculty of Management recognizes the vital role that teaching plays in enriching the student experience and in inspiring the next generation of leaders.

The Distinguished Teaching Award recipients Anna Kim and Warut Khern-am-nuai were honoured at McGill’s 2023 Management Convocation ceremony on May 31, for their excellence in teaching.

Classified as: Faculty Awards, Anna Kim, Warut Khern-am-nuai, Ghahhar Zavosh, Melissa Marginson, Philippe Levy, Vadim di Pietro, Changseung Yoo, brian rubineau, Tatiana Gauvin, Liette Lapointe, Robert David, Sebastien Betermier
Published on: 31 May 2023

Lockdowns and remote work presented unique challenges for the commercial real estate sector. Vast amounts of office space were suddenly empty as people worked from home. But the sector is rebounding. There are projects underway in cities around the world are a testament to investors’ confidence in its outlook, says Sebastien Betermier, an Associate Professor of Finance at Desautels.

Classified as: Sebastien Betermier, Finance (T)
Published on: 23 Mar 2023

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