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), […]
Significant headwinds in the commercial real estate sector have impacted the number of transactions seen in 2023, leading institutional investors to pursue diversification at home and abroad. The totals for acquisition dispositions of office assets in 2023 were “extremely low” compared to the previous year, says Lewis Gascoigne, an investment consulting principal at Eckler Ltd., […]
The Canada Pension Plan Investment Board is investing up to $40 million in the creation of a real estate investment platform dedicated to purpose-built student accommodation opportunities in Europe. The new group is being created through the CPPIB’s acquisition of Nido Living (which will be a wholly owned but independently-operated portfolio company), as well as its […]
An article on considerations for plan sponsors ahead of the rollout of a new generation of obesity drugs was the most-read article on BenefitsCanada.com. Here are the top five human resources, benefits, pension and investment stories of the past week: 1. What plan sponsors should know ahead of rollout of new obesity drugs in Canada 2. What’s […]
A renewed call for increased domestic investments by Canadian pension plans isn’t surprising amid an ongoing discussion around the role of investment organizations in supporting the economy, says Malcolm Hamilton, a senior fellow at the C.D. Howe Institute. “I think it’s very natural for Canadian businesses . . . [that] focus on the Canadian economy, not […]
The Ontario Teachers’ Pension Plan is gaining a minority stake in a new financial entity resulting from a merger between Fairstone Bank of Canada and Home Trust Company. The new group will have a national branch and broker network to offer residential and commercial mortgages, personal loans, credit cards, retail financing, auto financing, digital lending […]
The decision by the Canada Pension Plan Investment Board this month to reduce 10 per cent of its China equity team based in Hong Kong is a positive move. It highlights a shift in the CPPIB’s approach to China, which previously saw the Canadian pension fund fend off accusations that its past investment activity in […]
The Canada Pension Plan Investment Board and the Ontario Teachers’ Pension Plan are reinvesting in an infrastructure trust sponsored by the National Highways Authority of India. The CPPIB and the Ontario Teachers’ renewed their financial commitment to the infrastructure fund through a new capital raise, contributing $297 million and $298 million, respectively. The total respective […]
An article on how transparency and communication are key for employers planning to pay out executive bonuses was the most-read story on BenefitsCanada.com. Here are the top five human resources, benefits, pension and investment stories of the past week: 1. Employers paying out executive bonuses can avoid criticism by embracing transparency 2. Survey finds Canadian employers looking […]
The Caisse de dépôt et placement du Québec is appointing N. Venkatram as managing director of its India division, effective April 1, 2024. Venkatram, who previously served as chief executive officer and managing partner of Deloitte India, will be a member of the Caisse’s international management team including supporting asset classes like infrastructure and private […]