The Local Authorities Pension Plan is reporting a $3.4-billion loss in an “exceedingly difficult” first quarter, reducing the size of the fund by 6.5 per cent. The LAPP reported $47.2 billion in assets as of March 31, down from $50.6 billion at the beginning of the year. However, it said the impact on the fund would have been […]
A group of more than 80 global investment managers with a combined $10 trillion in assets under management is calling on Alphabet Inc. to implement board-level oversight for human rights risks. The Investor Alliance for Human Rights, which includes co-filers Hermes Investment Management, Loring, Wolcott and Coolidge, Robeco and Canadian responsible investing firm NEI Investments, […]
The Caisse de dépôt et placement du Québec and the Canada Pension Plan Investment Board are investing in WSP Global Inc., an engineering and design services firm, through a private placement of common shares. The Caisse is set to buy about $44 million of common shares in aggregate, while a subsidiary of the CPPIB is purchasing about […]
Mawer Asset Management Ltd. is appointing Crista Caughlin as lead manager of Canadian bond, global bond and Canadian money market strategies. Caughlin, who joined Mawer in May, will take over in July from the firm’s chief investment officer Paul Moroz, who’s been acting as interim co-manager of fixed income strategies. He’ll continue to act as […]
The Canada Pension Plan Investment Board saw a 3.1 per cent net return for its fiscal 2020 year, which ended March 31. Rising to $409.6 billion in assets under management, the fund saw $12.1 billion in investment income and $5.5 billion in net contributions. However, the 3.1 per cent return falls short compared to the fund’s 8.9 per […]
The funded status of the Segal Group Inc.’s model multi-employer pension plan fell from 95 per cent to 86 per cent during the first quarter of 2020, according to a new report by the firm. The model’s portfolio is comprised of 55 per cent equities and 45 per cent bonds. Overall, its investments saw dismal […]
Sustainable indexes largely outperformed during the first quarter of 2020 amid market turmoil caused by the coronavirus pandemic, according to BlackRock Inc.’s latest sustainability report. “While this short time period is not determinative, it aligns with the resilience we have seen in sustainable strategies during prior downturns,” said the report. The big question for institutional […]
Public companies are deferring long-term capital expenditure, pausing share repurchase programs and cutting dividends to deal with the economic fallout of the coronavirus crisis. But companies in the health-care and information technology sectors are proving to be more resilient, said Nick Getaz, vice-president and portfolio manager in Franklin Templeton’s equity group, in a webinar on Thursday. “At this point, […]
The MSCI Inc. is launching a new set of indexes focusing on disruptive innovation, building on the index provider’s megatrend index suite. The new indexes will focus on companies in fields like autonomous technologies, genomics, fintech and next generation internet. The new indexes will use insights from ARK Investment Management, a firm specializing in analyzing […]
In 2009, when Vincent Morin walked through the doors of Air Canada as the vice-president of asset allocation and strategy for its investment division, he faced a tough situation. The company’s eight defined benefit pension plans, which buy units of a single master trust fund, were facing a $2.6 billion deficit. In the following years, […]