With group retirement plans aimed at helping members avoid risks and achieve their savings goals, defined contribution plan sponsors are uniquely positioned to step up and take a more active role in managing risk, said Christine van Staden, regional vice-president of group customer and national accounts business development at Canada Life, during Benefits Canada‘s 2023 […]
The Canada Pension Plan Investment Board is supporting an effort to spin off the steel-making side of an investee mining company despite previously saying it would oppose the measure. The board-backed proposal, which was approved at Teck Resources Inc.’s annual general meeting, called for the company to consider spinning off its steel-making business as a […]
The Caisse de dépôt et placement du Québec is issuing $250 million to an organization that supports the institutional investment manager ecosystem in Quebec. The investment in the Quebec Emerging Managers Program works out to works out to $50 million each year for the next five years. Created in 2016, the program offers institutional investors access […]
The Investment Management Corp. of Ontario is reporting that the weighted average net return of its clients’ portfolios was negative 8.1 per cent for the year ended Dec. 31, 2022, which narrowly beat its consolidated benchmark return of negative 8.4 per cent. Over the three years since assets have been managed according to the IMCO’s strategies, the annualized return […]
The market value of assets held by Canadian trusteed pension funds rose 2.3 per cent in the third quarter of 2022, hovering around $2.1 trillion, according to a new report by Statistics Canada. Public sector plan assets rose 2.7 per cent to $1.7 trillion, while private sector assets increased by 0.6 per cent to $420.9 billion. The report also […]
The Ontario Teachers’ Pension Plan is reporting a total fund net return of four per cent for 2022, driven by strong returns from private equity and inflation-sensitive asset classes. The pension fund exceeded its benchmark of 2.3 per cent, according to a press release announcing its annual results. Its inflation-sensitive asset portfolio — including commodities […]
More than two-thirds (68 per cent) of global institutional investors say they plan to maintain allocations to private markets in line with current targets, despite the potential for rising interest rates to reduce the attractiveness of the highly-leveraged asset class, according to a new survey by State Street Corp. The survey, which polled 480 institutional […]
The Canada Pension Plan Investment Board is investing US$205 million as an anchor investor in IndoSpace’s new real estate fund in India. The investment marks the first close for IndoSpace Logistics Parks IV, the real estate company’s fourth development vehicle, which is targeting US$600 million of total equity commitments. In 2017, the CPPIB and Indospace […]
The world’s 42 largest public sector pension investment organizations saw their combined assets decline by nine per cent in the year ending June 30, 2022, according to a new report by data platform Global SWF. “The last time we saw a decline was 2015 but that was a small drop,” says Diego Lopez, founder and […]
The market value of assets held by Canadian trusteed pension funds decreased 5.4 per cent to $2.1 trillion in the second quarter of 2022, down from $2.21 trillion in the previous quarter, according to new data from Statistics Canada. Trusteed pension funds posted a net loss of $3.4 billion in the second quarter, compared with […]