annual results – Benefits Canada.com

Top 5 HR, benefits, pension and investment stories of the week

lbailey — Fri, 21 Jun 2024 13:00:45 +0000

A story discussing the factors leading employees to delay taking time off and instead engage in ‘quiet vacationing’ was the most-read story this week on BenefitsCanada.com. Here are the top five human resources, benefits, pension and investment stories of the past week: 1. Employees hesitant to take time off turning to ‘quiet vacationing’: expert 2. 42% of […]

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PSP Investments generates 7.2% annual return, net assets increase to $264.9BN

bmcgovern — Tue, 18 Jun 2024 13:00:09 +0000

The Public Sector Pension Investment Board ended its fiscal year on March 31, 2024, generating a net return of 7.2 per cent, up from 4.4 per cent the previous fiscal year, according to its latest annual report. The investment organization held $264.9 billion in net assets under management, up 8.7 per cent from the end […]

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UPP generates net return of 10.2% in 2023, net assets increase to $11.7BN

bmcgovern — Wed, 12 Jun 2024 19:00:44 +0000

The University Pension Plan generated a net return of 10.2 per cent in 2023, up from a 9.1 per cent loss in 2022, according to its latest annual report. As of Dec. 31, 2023, the investment organization’s net assets increased to $11.7 billion, up from $10.8 billion in 2022. It also reported a funded status […]

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CPPIB generates net return of 8% as of Q1 2024, net assets increase to $632.3BN

lbailey — Thu, 23 May 2024 15:00:36 +0000

The Canada Pension Plan Investment Board earned an eight per cent return last year but significantly underperformed the 19.9 per cent return of its reference portfolio. The lower return can be explained in part by higher volatility in the stock-focused benchmark portfolio compared with the diversified, long-term return focus for the pension fund, says John Graham, the […]

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IMCO returns 5.6% for 2023, driven by public equities

bmcgovern — Thu, 11 Apr 2024 13:00:26 +0000

The Investment Management Corp. of Ontario is reporting a net return of 5.6 per cent for 2023, with net assets increasing to $77.4 billion. The investment organization’s year-end report found public equities returned 18 per cent in 2023, followed by global credit (7.7 per cent), fixed income (5.9 per cent), private equity (5.7 per cent), […]

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Canada Post pension plan down 6.7% in 2022

Gideon Scanlon — Tue, 11 Jul 2023 13:00:20 +0000

Canada Post Corp.’s defined benefit pension plan’s assets declined 6.7 per cent in 2022, according to its latest annual report “2022 was a turbulent year for financial markets,” said Jan Faryaszewski, chief financial officer at the Canada Post pension plan, in the report. “The DB component of the plan fell from $32.3 billion to $29.5 […]

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BCI’s net assets grow 3.5% in fiscal 2023, led by alternatives

Gideon Scanlon — Tue, 27 Jun 2023 16:30:38 +0000

The British Columbia Investment Management Corp. saw a return of 3.5 per cent and increased its assets under management from $228.6 billion to $233 billion during the fiscal year ending March 31, 2023. According to the investment organization’s annual results, the $3.9 billion increase reflected investment gains of $6.8 billion and $2.8 million in net […]

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Caisse failing to fulfill investment mandate, according to report

Gideon Scanlon — Thu, 22 Jun 2023 16:30:25 +0000

The Caisse de dépôt et placement du Québec isn’t fulfilling its mandate to achieve optimal investment returns within its investment framework, according to a new report by the Centre for Productivity and Prosperity, a public interest group funded by the Quebec government and the Walter J. Somers Foundation. “The CDPQ is performing well enough to […]

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University Pension Plan’s assets declined 9.1% in 2022, led by public equities

Gideon Scanlon — Tue, 13 Jun 2023 13:00:19 +0000

The University Pension Plan posted 9.1 per cent losses in 2022, according to its annual report. During the year, the jointly sponsored defined benefit pension plan’s assets declined from $11.8 billion to $10.8 billion. The plan finished the year with a solvency ratio of 103.3 per cent, down from 111 per cent at the end […]

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Vestcor posts 3.63% loss for 2022

Gideon Scanlon — Thu, 11 May 2023 16:30:30 +0000

Vestcor Investment Management Corp., an organization that manages the investment and administration of 11 public sector pension plans in New Brunswick, saw its investment decline 3.63 per cent in 2022. During the year, Vestcor’s assets declined from about $21 billion to $20 billion, according to a press release, which credited the losses to the unusually […]

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