The Ontario Teachers’ Pension Plan is appointing Bruce Crane as executive managing director and head of Asia-Pacific, effective immediately. He will lead investment activities and portfolio management across the Ontario Teachers’ offices in Hong Kong, Mumbai and Singapore. Crane joined the pension fund in 2020 as its first employee in the Singapore office. In the new […]
The Caisse de dépôt et placement du Québec is underwriting $75 million of bonds issued to finance a portion of the construction of a new bridge in Quebec. The underwriting will cover a significant portion of a $380-million issuance from Groupe Nouveau Pont Île-Aux-Tourtes Inc. It will be used to fund the construction of the […]
The University Pension Plan posted 9.1 per cent losses in 2022, according to its annual report. During the year, the jointly sponsored defined benefit pension plan’s assets declined from $11.8 billion to $10.8 billion. The plan finished the year with a solvency ratio of 103.3 per cent, down from 111 per cent at the end […]
The Public Sector Pension Investment Board is reporting a net return of 4.4 per cent for fiscal 2023. As of March 31, 2023, the investment organization had $243.7 billion in net assets under management, up 5.7 per cent from $230.5 billion at the end of the previous fiscal year. It also reported a 10-year annualized […]
“Investing in private markets comes with its fair share of challenges,” said Rémi Tétreault, director of client solutions at Trans-Canada Capital Inc., during the Canadian Investment Review’s 2023 Global Investment Conference. “There’s operational complexity, capital calls and distributions. You’ve got the selection of the right general partners . . . and there’s the challenge of […]
The Canada Pension Plan Investment Board is bracing for headwinds in the event of a recession, but says a wide range of investments makes it well-positioned for uncertain economic conditions. The CPPIB reported Wednesday it earned a net return of 1.3 per cent in its latest fiscal year as inflation and rising interest rates weighed on both […]
At the best of times, selecting an optimal asset mix for a defined benefit pension plan is challenging. The times of today are downright turbulent. Last year, inflation reached 8.1 per cent in Canada as a result of a prolonged period of government stimulus spending to manage the fallout of the coronavirus pandemic. In response […]
The Ontario Teachers’ Pension Plan is investing in a wireless communications infrastructure company. Diamond Communications, which specializes in developing wireless network facilities to enhance internet and cellular services in remote regions, owns and manages a network of 300,000 wireless infrastructure sites in Canada and the U.S. It also owns 4,000 sites rented by internet service […]
A Northern Ontario-based hydroelectric power company owned by the Public Sector Pension Investment Board is being integrated into another one of PSP Investments’ assets, a clean power producer, developer and energy storage company. The integration of H2O Power by FirstLight Power represents the latter’s first venture into the Canadian market and brings its combined portfolio to […]
The Saskatchewan Healthcare Employees’ Pension Plan is appointing Colette Wagner as a senior investment analyst. In the new role, she’ll oversee the asset managers responsible for the SHEPP’s allocations to fixed income, public and private equities, infrastructure, real estate and opportunistic investment. In addition, she’ll ensure these approaches are aligned with the $9.7-billion pension fund’s […]