The end of the federal government’s real return bond program will deprive institutional investors and pension plan members of a valuable investment tool that can help protect against inflation, according to a new report by the C.D. Howe Institute. It found a majority of Canada’s largest institutional investors are interested in investing in real return bonds and […]
An article on Citigroup Inc.’s new parental and caregiver leave programs for U.S. employees 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. Citigroup enhancing parental leave, introducing caregiver leave for U.S., Puerto Rico employees 2. Caisse invests $35M in energy […]
The Alberta Investment Management Corp. is reporting a net return of 5.4 per cent for the first half of 2024. During the six-month period ending June 30, 2024, the AIMCo’s total assets under management were $168.9 billion. The investment organization’s balanced fund — a composite of client accounts that invest in money market and fixed income, […]
U.K. Chancellor Rachel Reeves met with some of Canada’s biggest public sector pension plans this month, as the country looks to reform its public pension system, according to a report by the Financial Times. Reeves is pursuing the creation of a pension model that would allow the U.K.’s local government pension scheme — worth about […]
The Caisse de dépôt et placement du Québec is investing $35 million in a new energy transition fund from Quebec-based equity firm MacKinnon Bennett & Co. The investment is part of a larger $145 million commitment alongside the Canada Growth Fund, Investissement Québec and BDC Capital. The fund will target growth-stage businesses commercializing emission reduction […]
An article on how the concept of merit, excellence and intelligence can thwart employers’ diversity, equity and inclusion efforts 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. Concept of ‘MEI’ taking away from employers’ DEI efforts: expert 2. Employers […]
Eduard van Gelderen, the Public Sector Pension Investment Board’s senior vice-president and chief investment officer, is stepping down after six years with the organization. Effective immediately, Alexandre Roy, PSP Investments’ senior managing director of total fund management, will assume the CIO’s responsibilities on an interim basis, according to a press release. Read: PSP Investments appointing Oliver […]
Four of Canada’s largest pension funds have been ranked among the top 10 global pension funds for demonstrating best practices in governance, sustainability and resilience, according to a new report by data platform Global SWF. The assessment tool, which reviews the practices and efforts of state-owned sovereign wealth funds and public pension funds, gave the […]
The Canada Pension Plan Investment Board is appointing Caitlin Gubbels as senior managing director and global head of private equity. In this role, she’ll lead the investment organization’s teams dedicated to direct private equity, Asian private equity and private equity funds and secondaries. Gubbels joined the CPPIB in 2010 and was most recently its head […]
The Canada Pension Plan Investment Board reported an eight per cent return in its fiscal year ending March 31, but significantly underperformed the 19.9 per cent return of its reference portfolio. The reference portfolio, made of 85 per cent global equity and 15 per cent Canadian bonds, benefited last year from stock price surges in the […]