CIR news

Latest news in DB

Caisse boosts investment in Canadian logistics provider

The Caisse de dépôt et placement du Québec will make additional investments in Metro Supply Chain Group Inc., a Canadian third-party logistics services provider. The…

  • By: Staff
  • January 16, 2019 January 12, 2021
  • 15:00
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OMERS Ventures opens new office in San Francisco

OMERS Ventures, the venture capital arm of the Ontario Municipal Employees Retirement System, is expanding into the U.S. with an office in Silicon Valley, California. The firm is hiring Michael Yang,…

  • By: Staff
  • January 16, 2019 January 12, 2021
  • 10:11
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City of York pension plan joins OMERS

The Corporation of the City of York Employee Pension Plan officially transferred the management of its assets and liabilities to the Ontario Municipal Employees Retirement…

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Pension legislation should balance DB sustainability with pension promise: CIA

Any modifications to federal pension legislation should encourage plan sponsors to continue offering defined benefit pension plans, while helping them fulfil their pension promises to plan members,…

  • By: Jann Lee
  • January 15, 2019 January 12, 2021
  • 10:05

PSP takes majority stake in Australian farm business

The Public Sector Pension Investment Board is taking on a majority stake in B.F.B. Pty Ltd., an Australia-based agricultural business. Currently, BFB has taken on more…

  • By: Staff
  • January 15, 2019 January 12, 2021
  • 10:02
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Taking the North American economy’s temperature

For those worried the cycle is about the turn, it’s important to consider that there is no established length for a market cycle, said Avery…

Caisse invests in security guard software company

The Caisse de dépôt et placement du Québec, alongside equity firm Georgian Partners, is investing $45 million in Montreal-based technology startup TrackTik Software Inc. TrackTik, which…

  • By: Staff
  • January 9, 2019 January 12, 2021
  • 10:11

Ontario Teachers’ invests in Alphabet-owned life sciences business

The Ontario Teachers’ Pension Plan is taking part in a US$1 billion investment round, led by global technology investor Silver Lake, into Verily, a business…

  • By: Staff
  • January 7, 2019 January 12, 2021
  • 09:28

Canadian pensions end 2018 with solvency decline

The solvency positions of Canadian defined benefit pension plans declined in the fourth quarter of 2018 after experiencing gains in the first nine months of…

  • By: Staff
  • January 4, 2019 January 12, 2021
  • 09:08
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Rough Q4 for stocks hits U.S. pension funding status: study

The largest corporate pension plans in the United States experienced a slight drop in their funded status at the end of 2018 due to the…

  • By: Staff
  • January 3, 2019 January 12, 2021
  • 10:24
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CPPIB to invest additional CPP contributions

Starting this week, the Canada Pension Plan Investment Board will receive additional Canada Pension Plan contributions to invest as part of a new CPP enhancement.…

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PSP takes stake in elevator company, Caisse in Latin American financial institution

The Public Sector Pension Investment Board is buying 32 per cent of Wittur International Holding, an elevator components manufacturer. Purchasing the stake from funds controlled by Bain Capital…

  • By: Staff
  • January 2, 2019 January 12, 2021
  • 09:56

Trends and changes for pension plan sponsors heading into 2019

The start of a new year is a time to prepare for changes in the year ahead. For pension plan sponsors, there are some key…

CPPIB increases efforts to promote board diversity

In an effort to increase board diversity, the Canada Pension Plan Investment Board will establish a policy to vote against the chair of the board…

  • By: Staff
  • December 24, 2018 January 12, 2021
  • 12:03
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PSP Investments takes on Hawaiian farmland

Through a joint venture with California-based agricultural firm Pomona Farming, the Public Sector Pension Investment Board is buying about 165 square kilometres of land to…

  • By: Staff
  • December 21, 2018 January 12, 2021
  • 09:03
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CPPIB strives for gender equality with new voting policy

The Canada Pension Plan Investment Board is adopting a new global policy to improve gender equality and increase the representation of women on corporate boards. Under…

  • By: Staff
  • December 21, 2018 January 12, 2021
  • 09:01
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When is a delegated service model right for a pension plan?

In an increasingly challenging investment and regulatory environment, many pension plans are looking to a new model, delegating key investment management and service activities to…

OMERS invests in Australian offices, PSP sells animal tech company

The Ontario Municipal Employees Retirement System’s real estate arm is investing $3.3 billion to acquire a portfolio of 19 office buildings across Australia. Oxford Properties Group…

  • By: Staff
  • December 17, 2018 January 12, 2021
  • 09:17
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Caisse and partner looking to accelerate AI developments in Quebec

The Caisse de dépôt et placement du Québec is entering into a strategic partnership with Mila, the province’s artificial intelligence institute, to support and accelerate the development of AI…

  • By: Staff
  • December 14, 2018 January 12, 2021
  • 09:00
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Ivanhoé Cambridge investing $100M in Quebec real estate

The Caisse de dépôt et placement du Québec’s real estate arm is forming a second investment vehicle for projects in the province’s urban centres. Ivanhoé Cambridge…

  • By: Staff
  • December 11, 2018 January 12, 2021
  • 15:00
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Ontario Teachers’ appoints new chair for 2019

The Ontario Teachers’ Pension Plan is appointing Steve McGirr as its new chair beginning January 2019. McGirr will replace Jean Turmel, the current chair, whose…

  • By: Staff
  • December 10, 2018 January 12, 2021
  • 15:30
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Caisse providing $150M in financing to Quebec-based insurer

The Caisse de dépôt et placement du Québec is lending $150 million to SSQ Life Insurance Co. Inc. SSQ Insurance, a large insurance and investment company based in…

  • By: Staff
  • December 6, 2018 January 12, 2021
  • 15:15
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Canadian taxpayers bearing risk of public DB pension plans: report

Canadian taxpayers are providing $22 billion each year to the country’s public sector pension plans by assuming undisclosed investment risks, according to a new report…

  • By: Staff
  • December 6, 2018 January 12, 2021
  • 10:48
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Canadian DB pensions benefit from higher asset returns in November: Aon

Though financial markets were volatile and bond yields dropped, Canadian defined benefit pension plans benefited from higher asset returns in November, with median solvency standing…

  • By: Staff
  • December 6, 2018 January 12, 2021
  • 08:30

OMERS sells majority stake in U.S. auto repair company

The Ontario Municipal Employees Retirement System’s private equity arm is selling its majority stake in a U.S. auto repair company to investment firm Hellman & Friedman. The pension…

  • By: Staff
  • December 5, 2018 January 12, 2021
  • 15:30