The Ontario Teachers’ Pension Plan is reporting a net return of 9.4 per cent for 2024, up from 1.9 per cent in 2023, according to its latest annual report. The investment organization underperformed its benchmark return of 12.9 per cent, equivalent to $7.6 billion in negative value add. Its net assets grew to $266.3 billion, […]
The Ontario Municipal Employees’ Retirement System is appointing Alexander Fraser as executive vice-president and global head of private equity, effective March 17. He’ll succeed Michael Graham, who retired from the position earlier this year, and will oversee the OMERS’ global private equity business, which manages roughly $27.5 billion in assets. Most recently, Fraser was a […]
The Healthcare of Ontario Pension Plan is reporting a 9.7 per cent return as at Dec. 31, 2024, with net assets increasing to $123 billion, up from $112.6 billion in 2023. Public equities (17.9 per cent) and private equities (17.9 per cent) accounted for the highest returns in 2024 within the HOOP’s portfolio. Infrastructure (12.3 […]
The Financial Services Regulatory Authority of Ontario is promoting the importance of retirement planning and the value of a workplace pension on the third anniversary of Pension Awareness Day taking place today Feb. 20. In an emailed statement to Benefits Canada, Andrew Fung, executive vice-president of pensions at the FSRA, said he’s proud that more […]
An article on the Benefits Alliance’s 2025 priorities was the most-read story on BenefitsCanada.com this past week. Here are the top five human resources, benefits, pension and investment stories of the last week: 1. Pharmacare, access to virtual health care among priorities for Benefits Alliance in 2025 2. Costco defends its diversity policies as other U.S. companies […]
Defined benefit pension plan sponsors can improve their performance and risk assessment by closely evaluating the connection between assets and liabilities, said Jason Malinowski, chief investment officer at the Seattle City Employees’ Retirement System, during the Canadian Investment Review’s 2024 Investment Innovation Conference. This is “because the portfolio return that changes your asset value is […]
User personalization and an ease-of-use approach are key in the adoption of artificial intelligence technology tools by pension plan sponsors, according to a new report by the CFA Institute Research & Policy Centre. It found the application of AI has the potential to revolutionize plan sponsors’ administrative duties but will require a collaborative approach that […]
The Canada Pension Plan Investment Board is selling a 49 per cent stake in a portfolio of China real estate projects for nearly $235 million. The assets are part of a joint venture with Chinese real estate company Longfor Group Holdings Ltd. and are being sold to an affiliate of Dajia Insurance Group Co. Ltd. The portfolio […]
The Toronto Transit Commission Pension Plan is appointing Heather Wolfe as its new chief executive officer, effective March 3, 2025. She succeeds acting CEO James Clarkson, who stepped into the role last March following the departure of Sean Hewitt as leading executive. Clarkson will return to his role as chief financial officer at the investment […]
The OPSEU Pension Trust has reduced its financed emissions intensity by 11 per cent when compared to 2022, according to the investment organization’s latest climate risk disclosure report. In 2023, the OPTrust extended the scope of its carbon footprint measurement to 70 per cent of its assets, up from 40 per cent in 2022. The […]