Bâtirente – Benefits Canada.com

Market share of responsible investing AUM increases to 49% in 2023: report

Jennifer Paterson — Thu, 26 Oct 2023 13:00:10 +0000

The market share of responsible investment assets under management rose slightly in 2022, from 47 per cent to 49 per cent, even as AUM in general decreased, according to the Responsible Investment Association’s annual trends report. The report tracks the national trends and outlook for responsible investing by surveying asset managers, including the Alberta Investment […]

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OMERS backing oncology network, Caisse and Bâtirente supporting ESG investment fund

Gideon Scanlon — Thu, 01 Jun 2023 16:30:16 +0000

The Ontario Municipal Employees’ Retirement System’s private equity arm is backing the series B investment round for a U.S. medical company specializing in surgical and cancer care. Carrum Health, a health-care platform for self-funded employers, secured US$45 million from investors during the funding round, with OMERS Growth Equity serving as the lead investor. The digital platform, which […]

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Imperial Oil shareholders reject ESG proposals from Bâtirente, BCI

Gideon Scanlon — Tue, 09 May 2023 16:30:32 +0000

Imperial Oil Ltd. shareholders have voted against environmental, social and governance-related proposals backed by the Bâtirente and the British Columbia Investment Management Corp. during the company’s annual general meeting. The Bâtirente’s motion called on Imperial Oil to adopt direct and indirect greenhouse gas emissions reduction targets for 2030. If passed, the proposal would have obliged […]

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Bâtirente’s diversified funds lost between 5.7% and 8.6% in 2022

Gideon Scanlon — Thu, 02 Mar 2023 17:00:16 +0000

Bâtirente’s diversified funds lost between 5.7 per cent and 8.6 per cent in 2022 as a result of tumultuous conditions in the global economy, according to its latest results. “Global inflation reached a 40-year high due to several factors, such as the war in Ukraine, the persisting [coronavirus] pandemic, the world’s supply chain failures and […]

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2022 Top 50 DC Plans Report: How are DC pension plans evolving?

bwolfe — Fri, 14 Oct 2022 12:55:41 +0000

While defined contribution pension plans currently outnumber defined benefit pension plans, this wasn’t always the case, recalls Bita Jenab, a principal at RetirementWorks Services Inc. DC plans began to gain popularity in the mid-1980s, due to a combination of legislative and economic changes, she adds. “This period marks the introduction of pension accounting rules under […]

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Bâtirente’s diversified funds return between negative 4.63% and negative 8.87% in Q2

Gideon Scanlon — Tue, 30 Aug 2022 16:30:15 +0000

The second quarter of 2022 proved difficult for Bâtirente’s diversified funds, according to the organization’s investment strategy manager. “As was the case in the first quarter, Bâtirente’s diversified funds experienced a difficult second quarter performance . . . [with losses correlating with] their risk profile,” said Jean-François Dumais, in a press release. The five diversified […]

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Bâtirente appointing Vickie Lavoie as COO

Gideon Scanlon — Thu, 14 Oct 2021 05:16:39 +0000

Bâtirente is appointing Vickie Lavoie as chief operating officer. Lavoie joined the Montreal-based pension fund in 2015 as an advisor to its business development group. In 2019, she was promoted to the post of director of development strategies. Prior to joining Bâtirente, Lavoie served as a retirement consultant at Aon. She will replace retiring COO Daniel […]

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Bâtirente appointing Éric Filion as CEO

bwolfe — Fri, 17 Sep 2021 13:00:13 +0000

Bâtirente is naming Éric Filion (pictured) as chief executive officer, effective Oct. 6. He’ll take over the position from Daniel Simard, who is retiring after 25 years as CEO. Simard will remain with Bâtirente as a special management advisor until June 30, 2022. Read: Bâtirente unveils new plan to optimize investments across all funds Since 2016, […]

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Bâtirente unveils new plan to optimize investments across all funds

Gideon Scanlon — Thu, 26 Aug 2021 16:30:35 +0000

Bâtirente is introducing a new strategy that seeks to optimize its fixed income, global equity and environmentally responsible investment allocations. The Montreal-based pension’s new fund optimization plan specifically addresses the organization’s main priorities. By implementing the new plan, it will seek to improve its funds’ diversity in fixed income and global equities and focus on […]

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Imperial Oil urging investors to vote against Bâtirente’s net-zero emissions motion

bwolfe — Tue, 23 Mar 2021 05:00:07 +0000

Imperial Oil Ltd. is recommending investors attending its annual meeting in May vote against a shareholder resolution that it adopt a corporate-wide target to achieve net-zero carbon emissions by 2050. The motion, made by Aequo Shareholder Engagement Services on behalf of Quebec group retirement system Bâtirente, argues that Imperial’s current 2023 emissions-reduction target is a step in […]

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