Return to note 121 Hamilton and Heinkel, supra endnote 106, 1994.
Return to note 122 Canadian National Railways Pension Fund, 1998.
Return to note 123 Caisse de dépôt, supra endnote 11, 1998.
Return to note 124 Morguard Investments, Morguard: The Long-term Solution, 1998, Penfund Realty Limited: 1997 Annual Report and Brochures, 1997-98.
Return to note 125 Greystone Properties, Greystone Properties: A Developer with a Difference, 1998 and Brochures and Newsletters, 1996-98.
Return to note 126 Mortgage Fund One, Brochures, 1998.
Return to note 127 Greystone Properties, 1998.
Return to note 128 Ibid, 1998.
Return to note 129 Rudd, Elizabeth and Kirsten Snow Spalding, Economically-Targeted Investment in the Policies and Practices of Taft-Hartley Pension Funds: Two Case Studies, prepared for the conference "High Performance Pensions: Multi- Employer Plans and the Challenges of Falling Pension Coverage and Retirement Insecurity", University of California, Berkeley, September, 1997.
Return to note 130 Caisse de dépôt, supra endnote 11, 1998.
Return to note 131 OCIO, Government of British Columbia, supra endnote 12, 1997-98.
Return to note 132 CLMPC interviews, 1997-98.
Return to note 133 Ibid, 1997-98.
Return to note 134 For example, see: Macdonald, Mary, supra endnote 36, 1991. See also the same name under Selected Reference Materials.
Return to note 135 Professor Riding has written extensively on the topics of Canadian angel venture financing and loan markets for SMEs, among others. For a full reference of his works and collaborations, see Riding, Allan and Barbara Orser, supra endnote 54, 1997.
Return to note 136 For instance, the Institute for Fiduciary Education has recently surveyed American public sector pension funds with regard to barriers to participation in private capital markets through economically-targeted investments.
Return to note 137 A copy of the CLMPC-PIAC survey questionnaire, compiled survey responses and CLMPC analysis can be found in: CLMPC, Pension Barriers to Financing Small and Medium-sized Business in Canada, presentation to a PIAC conference, Victoria, British Columbia, April, 1998.
Return to note 138 CLMPC interviews, 1997-98.
Return to note 139 A good example of American pension-led reforms of externally-managed pools and syndicates is: Mercer, William M., Key Terms and Conditions for Private Equity Investing, 1996. This report was commissioned by nine large public sector funds. It is discussed under Of Pools and Pooling.
Return to note 140 Fenn, George, Nellie Liang and Stephen Prowse, The Economics of the Private Equity Market, Board of Governors, Federal Reserve System, Washington, DC, 1995.
Return to note 141 Macdonald, Mary, supra endnote 36, 1991.
Return to note 142 Macdonald, Mary, supra endnote 38, 1998.
Return to note 143 E2 DataBank, Brochures, Government of the United States, Washington, DC, 1996.
Return to note 144 For further reference, see: Mercer, William, M., supra endnote 138, 1996.
Return to note 145 Ibid, 1996 and "Private versus public markets: annualized index returns", The Private Equity Analyst, Vol. VIII, Issue 1, January, 1998.
Return to note 146 McNeill, Marianna and Richard Fullenbaum, supra endnote 52, 1995.
Return to note 147 CLMPC interviews, 1997-98.
Return to note 148 Ambachtsheer, Keith and Don Ezra, supra endnote 15, 1998.
Return to note 149 For example, in Pension Funds and Venture Investing, reference is made to Miralta Capital and Technocap in Quebec, both of which relied in 1998 on supply from several pension funds with less than $5 billion in total assets.
Return to note 150 CLMPC interviews, 1997-98.