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 […]
An article on the federal government’s decision to transfer a $1.9 billion public pension surplus to general revenue 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. Feds’ decision to transfer $1.9BN public pension surplus to general revenue within its […]
The Caisse de dépôt et placement du Québec is investing $335 million in TerraPact, a U.S.-based firm that owns and operates ground leases and rights of way for more than 700 digital, utility and energy infrastructure assets. The financing will support TerraPact’s real estate portfolio across the U.S. and in British Columbia. It will also refinance […]
Investment management fees for open-end real assets funds can reach as high as 20 per cent, while median fees cost institutional investors either 10 per cent or 15 per cent, according to a new study from Callan. The study, which reviewed 144 real assets partnerships across real estate, infrastructure, farmland and timberland, found the median […]
Evolving expectations, a shifting interest rate environment and the need to manage increasingly large asset bases for performance and for national and societal impact are transforming how and where institutional investors allocate capital, according to a new report by the Boston Consulting Group. It found in 2024, sovereign wealth funds and public pension funds accounted […]
Finance Minister Chrystia Freeland says today’s fall economic statement will remove the cap that currently restricts Canadian pension funds from owning more than 30 per cent of the voting shares of a Canadian entity. Freeland says this will make it easier for Canadian pension funds, which have more than $3 trillion in assets, to make […]
While both experts point to the obligation of the pension promise, one argues that many pension funds are already overweight in Canadian allocations, while the other cites these funds’ risk-return calibrations, highlighting the strategic assets available abroad. Jeremy Forgie, pension lawyer and senior counsel at Blake, Cassels & Graydon LLP Whether our governments should try […]
The Ontario Teachers’ Pension Plan is appointing Kevin Kerr as executive managing director of its new portfolio solutions department, effective immediately. The department will integrate value creation and portfolio management capabilities from across the Ontario Teachers’ private asset groups, according to a press release, noting Kerr and his team will be accountable for monitoring and […]
With 15 different client organizations, including nine public sector pension plans, the Alberta Investment Management Corp. has opted to engage, rather than divest, from certain investments, particularly those in the energy sector. “One of the things we were very clear on, both for ourselves and in talking to clients, is that divestment wasn’t the way […]
In the years following the 2008/09 financial crisis, Dan Langlois realized the allocation strategy for the Calgary Foundation’s endowment portfolio needed a significant adjustment if it planned to meet its annual funding goals. “I knew we needed to do something in terms of increasing the return in the portfolio to preserve the corpus or the […]