The University Pension Plan is appointing Brian Gill as its chief technology officer. In the new role, Gill will oversee the teams responsible for the UPP’s strategic initiatives, technology infrastructure, data analytics and business intelligence. He’ll also be involved in shaping the organization’s strategic and operational direction by providing input on a wide spectrum of […]
The Canada Pension Plan Investment Board’s assets returned 0.2 per cent during the second quarter of fiscal 2023, according to its latest quarterly report. By Sept. 30, 2022, the investment organization’s net assets reached $529 billion, up from $523 billion at the end of June. About $5 billion was generated by net transfers, while the […]
Institutional investors must recognize the risks and opportunities presented by climate change and national efforts to mitigate it, says Jaakko Kooroshy, head of sustainable investment research at FTSE Russell. “Climate-related physical and transition risk threats to the global economy are real,” says Kooroshy, who leads a team that recently published a paper on the carbon reduction […]
The Ontario Teachers’ Pension Plan is facing losses from an investment in a cryptocurrency exchange that filed for bankruptcy on Nov. 11. The pension fund invested a total of US$95 million in FTX International, a Bahamas-based exchange, which was valued at US$32 billion in 2021. In October 2021, the Ontario Teachers’ invested US$75 million in FTX, followed by […]
Canada’s defined benefit pension plans aren’t taking full advantage of regenerative agriculture practices, says Shidan Gouran, founder and chairman of Bluesphere Carbon, a New York-based carbon credit marketplace. “Agriculture is a good way of sequestering carbon, though it can be a very bad way, too. . . . Any pension fund that owns a lot […]
A joint venture involving the Canada Pension Plan Investment Board is investing in a hotel in Rome. The acquisition of the W Rome is part of a joint venture between the CPPIB and Hamilton Pyramid Europe, a subsidiary of the Pyramid Global Hospitality Group. The luxury hotel, which will continue to operate under the W […]
The Public Sector Pension Investment Board is entering a joint venture to invest in life sciences facilities in the U.K. The institutional investor and its partners, Longfellow Real Estate Partners and Norges Bank Investment Management, will invest £1.5 billion in sites located in Cambridge, Oxford and London. PSP Investments and Longfellow originally entered a similar partnership […]
QuadReal Property Group, the real estate investment arm of the British Columbia Investment Management Corp., is unveiling an updated strategic pathway to decarbonize its portfolio by 2050. “Sustainability has always been a key component of QuadReal’s investment and management strategies and is becoming more and more of a precondition for the long-term financial feasibility of […]
The Canada Pension Plan Investment Board is investing $60 million in an infrastructure trust sponsored by the National Highways Authority of India. In 2021, the investment organization previously allocated $257 million to the National Highways Infra Trust during the platform’s initial public offering. Following the transaction, the CPPIB’s stake reached 25 per cent. The investment […]
For the first time in three years, Canadian defined contribution pension plan sponsors, investment professionals and industry thought leaders gathered in person for Benefits Canada’s 2022 DC Investment Forum. On Sept. 23 at the Ritz-Carlton Toronto, the full educational day covered topics such as behavioural finance, target-date funds, sustainable investing, real estate and fixed income, […]