The Healthcare of Ontario Pension Plan is appointing Lori Hall-Kimm as head of global private equity. In the new role, which takes effect on Jan. 24, 2022, Hall-Kimm will lead the development of a strategic and operational plan for private capital investments. She’ll join the HOOPP after five years at the Canada Pension Plan Investment […]
The Healthcare of Ontario Pension Plan and Swiss Re Investments Holding Co. Ltd. are purchasing common shares in a Canadian property and casualty insurance company in its initial public offering. The gross proceeds from Definity Financial Corp.’s IPO are expected to be about $2.1 billion. The IPO is being made in connection with the conversion […]
Canada’s $4 trillion pension sector could enjoy immense commercial benefits by aligning with the transition to net-zero emissions and helping to mobilize $140 billion of low carbon investments per year, according to a new report by Corporate Knights, the Natural Step Canada and the Smart Prosperity Institute. It found Canada’s 12 largest pension fund managers […]
During the height of the coronavirus pandemic, the Ottawa Community Housing Corp. battened down the hatches and focused on addressing any absence management issues before they occurred. Now, Cindy Newell, the company’s director of human resources, says OCH is expecting to see fewer disability leaves post-pandemic, thanks to a proactive absence and disability management strategy […]
Canadian pension funds are among the institutional investors participating in Climate Engagement Canada, a new initiative to promote a net-zero economy. The initiative, which is coordinated by several investor networks, is launching with 27 institutional investors that collectively manage more than $3 trillion in assets, according to a press release. The participating pension funds include […]
The Healthcare of Ontario Pension Plan is appointing Michael Wissell as its chief investment officer. Prior to the new role, Wissell was the plan’s senior vice-president of capital markets and total portfolio since 2018. During his tenure, he’s credited with helping to foster a culture of innovation and for spearheading several new investment strategies. Read: HOOPP […]
As institutional investors seek portfolio diversification and the insurance industry seeks additional capacity amid global growth, investment strategies incorporating insurance-linked securities are providing a solution for both parties. Insurance-linked securities allow insurers to transfer some of their risk to investors. For example, in the case of catastrophe bonds, the issuer pays a coupon to an […]
By encouraging employees to be their authentic selves at work, pension plans can make better investment decisions, says Adrian Mitchell, vice-president of public equities at the Healthcare of Ontario Pension Plan. “I think having some out LGBTQ people around demonstrates to everyone else it’s safe to be who you are. We’re going to make better […]
A majority (70 per cent) of Canadians say they’re willing to forgo a higher salary in exchange for a workplace pension plan, according to a new survey for the Healthcare of Ontario Pension Plan by Abacus Data. The survey, which polled more than 2,000 Canadian adults in April, signals an opportunity for employers to build […]
Representatives from eight of Canada’s largest pension funds — known as the Maple Eight — participated in the first meeting of the Sustainable Finance Action Council last week. On June 11, representatives of the Alberta Investment Management Corp., the British Columbia Investment Management Corp., the Caisse de dépôt et placement du Québec, the Canada Pension […]