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 […]
The Healthcare of Ontario Pension Plan ended 2020 with a funded status of 119 per cent and posted a return of 11.42 per cent over the course of the year, according to a press release. That figure was lower than the 17.14 per cent return delivered in 2019, but Jeff Wendling, the plan’s president and chief […]
Taylor Guitars is moving to a 100 per cent employee-ownership model with the help of the Healthcare of Ontario Pension Plan and Canadian non-profit Social Capital Partners. Founded by Bob Taylor and Kurt Listug 46 years ago, the U.S. guitar maker has adopted an employee stock ownership program structure, enabling its staff around the globe […]
The Healthcare of Ontario Pension Plan recently surpassed 400,000 plan members, more than doubling since 2013 when it passed the 200,000 member mark. It added 12,000 new members following the merger of five plans with HOOPP in 2019. In all, membership grew by an additional 100,000 members since 2015 due, in part, to the growing […]
The Healthcare of Ontario Pension Plan’s struggles when the dot-com bubble burst planted the seeds for the liability-driven investing strategy it’s so well known for today. At the time, the plan had a traditional 60/40 portfolio of equities and bonds, and saw its significant funding surplus quickly turn into a deficit as equities took a […]