Latest news with #DavidCohen
Cision Canada
20-05-2025
- Business
- Cision Canada
Canadian Plan Sponsors Post Positive Median Returns in Q1, According to the BNY Canadian Asset Strategy View Universe
Canadian pension plans delivered positive Q1 2025 returns despite volatility across asset classes TORONTO, May 20, 2025 /CNW/ - The median return of the BNY Canadian Asset Strategy View universe, a BNY Global Risk Solutions fund-level tracking service, was 1.23% for the first quarter of 2025. The one-year median return as of March 31, 2025, was 9.21%, while the median 10-year annualized return was 6.46%. The BNY Canadian Asset Strategy View universe results are based on $328 billion worth of investment assets in Canadian investment plans, with the average plan size of $4.8 billion. The universe is designed to provide peer comparisons by plan type and size, and it comprises 69 Canadian corporate, public and university pension plans. Additional insight into the plan results is provided by BNY's Asset Strategy View sub asset class universes. "Despite challenging market conditions and shifting investor sentiment in Q1 amplified by the U.S. presidential transition and the tariff concerns, Canadian pension plans delivered positive returns, demonstrating continued resilience." said David Cohen, Director of Global Risk Solutions, BNY. "Outside of U.S. equities, which experienced a sharp sell off, most equity markets generated positive returns. Meanwhile, declining fixed income yields offered a measure of safety amid rising trade tensions. Stable private asset performance further supported Canadian plan sponsors in navigating public market volatility. Among traditional asset classes, International Equity posted the highest performance, with a quarterly median return of 3.67%. US Equity returns were the lowest, posting a negative quarterly return of -4.21%. With respect to non-traditional asset classes, Private Equity delivered the strongest performance, with a quarterly median return of 1.57%. Hedge Funds ended the quarter with a median return of 1.17% while Real Estate delivered a 0.56% quarterly return. Q1 2025 Highlights of the BNY Canadian Asset Strategy View Universe The BNY Asset Strategy View universe of Canadian pension plans over $1 billion underperformed the median return of the Total Canadian Asset Strategy View Universe in Q1 2025. Corporate Pension Plans posted a median performance of 1.24% for the first quarter, exceeding both Public Pension Plans and Foundations & Endowments. Most major equity segments posted positive returns in Q1. Canadian Equity posted a median return of 0.48% in the first quarter, behind the S&P/TSX Composite Index return of 1.51%. U.S. Equity posted a negative median return of -4.21%, on par with the S&P 500 Index return of -4.20%. Global Equity reported a flat median return of 0.02% in Q1, outperforming the MSCI World Index return of -1.61%. International Equity posted a quarterly median return of 3.67%, lagging the MSCI EAFE Index return of 7.08% Emerging Markets Equity posted a positive median performance for the quarter of 2.39%, underperforming the MSCI Emerging Markets Index return of 3.08%. The Canadian Fixed Income median return was 1.91% in the first quarter of 2025. Fixed Income lagged relative to the FTSE Canada Universe Bond Index for the quarter, which returned 2.02%. Private Equity reported a positive quarterly median return of 1.57% for the first quarter, Real Estate reported a quarterly median return of 0.56%. Hedge Funds reported a return of 1.17%. BNY Canadian Asset Strategy View Universe Median Plan Returns* *All returns are posted gross of fee results, calculated in Canadian dollars. About CIBC Mellon CIBC Mellon is a Canadian company exclusively focused on the investment servicing needs of Canadian institutional investors and international institutional investors into Canada. Founded in 1996, CIBC Mellon is 50-50 jointly owned by The Bank of New York Mellon (BNY) and Canadian Imperial Bank of Commerce (CIBC). CIBC Mellon's investment servicing solutions for institutions and corporations are provided in close collaboration with our parent companies, and include custody, multicurrency accounting, fund administration, recordkeeping, pension services, exchange-traded fund services, securities lending services, foreign exchange processing and settlement, and treasury services. As at June 30, 2025, CIBC Mellon had more than C$2.8 trillion of assets under administration on behalf of banks, pension funds, investment funds, corporations, governments, insurance companies, foreign insurance trusts, foundations and global financial institutions whose clients invest in Canada. CIBC Mellon is part of the BNY Mellon network, which as at June 30, 2025, had US$49.8 trillion in assets under custody and/or administration. CIBC Mellon is a licensed user of the CIBC trade-mark and certain BNY trade-marks, is the corporate brand of CIBC Mellon Global Securities Services Company and CIBC Mellon Trust Company, and may be used as a generic term to refer to either or both companies. Information containing any historical information, data or analysis should not be taken as an indication or guarantee of any future performance, analysis, forecast or prediction. Past performance does not guarantee future results. The Information should not be relied on and is not a substitute for the skill, judgment and experience of the user, its management, employees, advisors and/or clients when making investment and other business decisions. None of the Information constitutes an offer to sell (or a solicitation of an offer to buy), any security, financial product or other investment vehicle or any trading strategy. Some products or services are available only through BNY.
Business Wire
19-05-2025
- Business
- Business Wire
Gartner to Participate in Upcoming Investor Conferences
STAMFORD, Conn.--(BUSINESS WIRE)--Gartner, Inc. (NYSE: IT) today announced that Craig Safian, EVP & CFO, will present at the William Blair Growth Stock Conference at 3:20 pm CT on Tuesday, June 3, 2025 in Chicago, Illinois. Additionally, David Cohen, SVP, Investor Relations, will present at the TD Cowen 53rd Annual Technology, Media & Telecom Conference at 2:25 pm ET on Wednesday, May 28, 2025, in New York, New York. A link to the live webcasts of the presentations will be available via the Company's web site at Replays of the webcasts will be available for approximately 30 days following the presentations. About Gartner Gartner, Inc. (NYSE: IT) delivers actionable, objective insight that drives smarter decisions and stronger performance on an organization's mission-critical priorities. To learn more, visit Source: Gartner, Inc. Gartner-IR
Yahoo
19-05-2025
- Business
- Yahoo
Gartner to Participate in Upcoming Investor Conferences
STAMFORD, Conn., May 19, 2025--(BUSINESS WIRE)--Gartner, Inc. (NYSE: IT) today announced that Craig Safian, EVP & CFO, will present at the William Blair Growth Stock Conference at 3:20 pm CT on Tuesday, June 3, 2025 in Chicago, Illinois. Additionally, David Cohen, SVP, Investor Relations, will present at the TD Cowen 53rd Annual Technology, Media & Telecom Conference at 2:25 pm ET on Wednesday, May 28, 2025, in New York, New York. A link to the live webcasts of the presentations will be available via the Company's web site at Replays of the webcasts will be available for approximately 30 days following the presentations. About Gartner Gartner, Inc. (NYSE: IT) delivers actionable, objective insight that drives smarter decisions and stronger performance on an organization's mission-critical priorities. To learn more, visit Source: Gartner, Inc. Gartner-IR View source version on Contacts David CohenSVP, Investor Relations, Gartner+1 Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Forbes
15-05-2025
- Entertainment
- Forbes
At Upfronts And NewFronts 2025, Ad Industry Navigates Uncertainty
UNSPECIFIED - Jimmy Kimmel provided his annual lacerating appearance at Disney's 2025 Upfront (2021 ... More Photo by Media Access Awards Presentedfor Easterseals) I say upfronts, you say NewFronts – let's not call the whole thing off, OK? Whatever tumult continues to envelop the TV/streaming advertising industry, there is something comforting about the media swallows returning to Capistrano/Manhattan for the formal kick off to the now perpetual scramble for ad dollars in the media industry. The historic shift of global political winds and our macroeconomic uncertainty are never far from anyone's thoughts these days. Yet in the media ad business, there is still a clinging notion of optimism that 'we'll figure this out.' To paraphrase a conversation I had with David Cohen, President of the Interactive Advertising Bureau, the alternative to being optimistic is pretty bleak and doesn't do much practical good for anyone, so why not cling to optimism? And in the midst of the accelerating decline in the linear TV business among cable subscribers and ratings, some lingering uncertainty might even be a good thing for media sellers and buyers. If you're a big brand, can you really afford to dramatically change things up right now? What if you cut back spending and your competitors don't? What if despite all the Trump turmoil the economic winds actually die down? Being innovative is one thing, but radical moves? For once the linear TV business might benefit from some marketplace jitters. What did the upfronts and NewFronts tell us about where we are in media advertising right now? Here's a few somewhat random takeaways. Warner Bros. Discovery announced that Max (nee HBO Max, adopted son of HBO Now) will once again be called HBO Max. It's been quite a branding journey for WBD's streaming efforts (remember CNN+? The streaming DC Universe?) but to the company's credit they poked a bit of fun at themselves, finally (one hopes) re-embracing an iconic brand in entertainment. 'It's not TV, it's HBO' once resonated meaningfully with audiences, and it still means a lot more than Max. Speaking of WBD, the company's content approach is heavily centered on its content library ('IP' for you marketing and legal eagles). WBD's newly labeled branded content studio, Storyverse, sells its main value in a concept the company called 'Newstalgia,' which sounds like a yearning for Walter Cronkite but is instead a means of linking brands with a host of well-known WBD brands and franchises from Looney Tunes to DC Comics. Stars are a tried and true upfronts strategy, and stars of every stripe were all over the upfronts and in parts of the NewFronts as well. They were the center piece of every presentation, and Netflix and Amazon take a back seat to no one in the traditional media world, rolling out big guns such as Arnold Schwarzenegger, Jason Momoa, Charlize Theron, Jason Bateman and folks that played 'both sides' of the Big Tech-media company divide such as Candace Parker, Elizabeth Banks, Octavia Spencer, and John Cena. Even David Letterman was a double attendee, promoting the new Letterman TV for Samsung TV Plus and his role as a racing car team owner for Fox, the new home of the Indy 500. Hey, all is fair in the scramble for love, attention, and ad dollars. And how about that old canard, broadcast television? Don't look now but Samsung is starting the Samsung Television Network, which curates a mix of entertainment, news, and sports content entirely ad-supported and broadcast live 24/7 on Samsung TV Plus. Hmm…sounds familiar, no? And take a look at Fox's Tubi, its free a-supported on-demand and streaming service whose commercial load is noticeably creeping up (personal experience there) and beginning to resemble the linear TV world more than you'd think. Sports of all kinds are now the kings, queens, and even court jesters of the media world. Karen Kovacs, NBCU's President of Advertising Sales & Partnerships, noted to me in advance of the upfronts the centrality of sports for the NBCU presentation. Jimmy Fallon, of some note as a late-night talk show host, greeted the NBCUniversal upfront crowd with 'Welcome to the NBA – I mean NBC – upfront!' He wasn't far off as NBC rolled out John Tesh to accompany a full symphony orchestra for Tesh's fabled 'Roundball Rock,' the NBA on NBC theme song of the 1990s which the network is bringing back. NBCU had a live opera singer (in Italian of course) accompany its orchestra over a montage on the upcoming winter Olympics in Milan Cortina. And a troupe of dancers celebrated the upcoming 2026 FIFA World Cup to be broadcast on Telemundo. Disney announced its new ESPN stand-alone streaming flagship called ESPN (I guess Max was taken). And Jimmy Kimmel said, 'there are more athletes [at the upfront] than there were at the Knicks game last night.' Fox leaned heavily and unsurprisingly on NFL legends Tom Brady and Rob Gronkowski. And WBD, soon to be without the NBA, highlighted a range of somewhat less shiny sports programming from Roland Garros tennis to Big 12 and Big East college basketball. Beyond the games themselves, plenty of companies pitched their sports-adjacent or sports-related programming from the football-themed sitcom Chad Powers starring Glen Powell on Disney+ to the women's sports talk Vibe Check on ESPN. There may be a ton of controversy in the political environment around diversity policies, but for brands and publishers in constant search of audience scale there can't be any pullback in serving the increasingly diverse U.S. population. As more than one company noted in the last two weeks, the Latino population alone has accounted for 30% of the growth in the U.S. economy since 2019. Televisa Univision and NBCU's Telemundo are the 800-pound gorillas in serving that audience segment and Telemundo was prominently promoted at NBCU's upfront, although SNL's Marcello Hernandez did poke some fun at the overwhelmingly white audience noting that the 'energy in here is insane.' Beyond the established incumbents, a number of other companies pitched their value proposition to advertisers over the last two weeks. Canela Media is an entirely digital platform whose 'Futbol sites' (featuring soccer chatter) garner more social media users that those from Telemundo or Univision. LatiNation is another company seeking a place in the multicultural conversation. MediaCo is a new publicly traded company branching out beyond its Latino Estrella TV with its Hot97 property, the biggest name in HipHop radio. That brand is heading to the FAST channel world as well. RevryTV has solidified its place as a unique streaming destination for the LGBTQ+ community. Sheila Marmon, founder of a multiculturally-focused agency named Mirror Digital, noted that her company has been been at it for twelve years, pitching its value proposition of community-centered 'authentic storytelling.' It is harder than ever to be in the news business, with the algorithmic-driven fragmentation of audiences clinging to ever-narrower views of the world through their social media. The New York Times held its first NewFronts event in six years and highlighted the breadth of its 'lifestyle' brands in games, cooking, consumer products (the Wirecutter), and sports (The Athletic) as critical to supporting its core journalistic mission. As Tusar Barik, The Times's new SVP for Advertising Marketing told me, the Times provides advertisers 'a platform that connects all different parts of your life.' The company revels being 'at the center of culture' such as in SNL's recent sketch with Trump signing an executive order to make playing the Times's 'Connections' easier. Of course, for Good Morning America and The Today Show, produced by ABC News and NBC News respectively, it's hardly a revelation that advertisers love 'news' segments on cooking, travel, healthcare, parenting, and a panoply of lifestyle tips. Hey, if this stuff helps advertisers and helps support the mission of 'real' news, I'm in.
Axios
06-05-2025
- Business
- Axios
Ad giants tout strength despite warnings of economic chaos
The digital ad industry is pitching its strengths to Madison Avenue this week in an effort to lure future ad dollars, despite economic and regulatory headwinds. Why it matters: President Trump's economic policies present a significant threat to ad spend, causing analysts to reduce their forecasts and companies like Snap to withhold guidance. The big picture: David Cohen, CEO of the Interactive Advertising Bureau which hosts the annual NewFronts event, kicked off this week's showcase on Monday with a reminder that change can benefit the industry. The digital ad spending sector grew 35% during the pandemic, from 2020 to 2021, he noted. "We need to remember that change — even massive, unsettling change — isn't always bad. We need to remember that the digital advertising industry was born from change, and it was born to change," Cohen said onstage at Google's Pier 57 office. "The faster things change, the more disruption is in our world, the more that digital grows. ... Now is not the time for fear. Now is not the time for hunkering down and short-termism," he added. Zoom in: Snap chief business officer Ajit Mohan, who is presenting on Wednesday, told Axios that he views this NewFronts as a good time to be a challenger company and noted Snap's unique audience and improved ad platform. "When disruptions happen, there's always a good opportunity for challengers to ... remind advertisers that their current mode of putting a disproportionate amount of ad money on just a couple of platforms may not be the right answer," Mohan said. T-Mobile is also returning to NewFronts after hosting its first presentation last year as it invests more in ad tech with its acquisition of Vistar Media and Blis even as its telecom competitors retrench. "We look at the market and we see a tremendous opportunity," said JP Colaco, senior vice president and chief T-Ads officer for T-Mobile Advertising Solutions. "We're one of the largest marketers in the United States, so we're able to understand the pain points from a marketer's position." Between the lines: Ad platforms shared how they are making buying easier for advertisers and innovating in the fast growing sectors of connected TV and retail media. Smart TV maker Vizio on Monday said it is making its ad inventory available on the demand-side platform of its new parent company, Walmart, to select advertisers. Also on Monday, LG announced more interactive ad formats, in partnership with BrightLine, and shoppable ad units with QR scans. The intrigue: Google's hour-long presentation did not mention losing a federal antitrust case on online advertising, which sought to force Google to sell off part of its "network" ad business. Instead, Google repeatedly touted its dominance with its overall network and YouTube. Google shared ad updates including adding live inventory to its demand-side platform, Display & Video 360, and retail media solutions to YouTube. In a Monday filing, the Justice Department argued Google should sell two of its ad businesses. "The DOJ's additional proposals to force a divestiture of our ad tech tools go well beyond the Court's findings, have no basis in law, and would harm publishers and advertisers," Lee-Anne Mulholland, Google vice president of regulatory affairs, said in a statement to Axios. What's next: Other presenters this week include TikTok and Meta. Next week, the legacy networks and streaming giants including NBC, Fox, Disney, Amazon, Netflix and YouTube will host their own events.
