The Public Sector Pension Investment Board is buying a majority stake in a passenger rail sector business it’s been invested in for the past 13 years. According to the terms of the deal, PSP Investments and asset management company Amber Infrastructure Group Holdings Ltd. will buy a 51 per cent stake in Angel Trains Ltd. […]
The Canada Pension Plan Investment Board and the Ontario Teachers’ Pension Plan are among the 20 largest pension funds in the world in terms of assets under management, according to a new report from the Thinking Ahead Institute. The not-for-profit investment research organization’s report, which was based on figures from the end of 2020, ranked […]
The Alberta Investment Management Corp. has reached an investment management agreement with the Alberta Teachers’ Retirement Fund Board following a protracted period of negotiation. The agreement will see the Alberta Teachers’ assets, valued at $19.1 billion in its 2020 annual report, transferred to the custody of the AIMCO. According to Rod Matheson, the Alberta Teachers’ […]
The Alberta Investment Management Corp. is investing in an Australian agricultural company. The AIMCo and Australian investment management firm New Forests Ltd. will co-own Lawson Grains. The company produces more than 200,000 tonnes of cereals and vegetable oils per year. It operates out of about 100,000 hectares of farmland spread across New South Wales and Western […]
“Plans are, for the first time in a long time, in a position to off-load risk,” says Murray Wright, one of the contributors to LifeWorks Inc.’s monthly report on Canadian pensions. According to Wright, the principal of retirement and financial solutions at LifeWorks, pension chief financial officers are paying particular attention to one number found […]
The majority of climate-themed equity funds offer only marginal benefits compared to the broader market, according to a new report by the London-based think tank InfluenceMap. The report scored climate-themed and environmental, social and governance-themed investment funds on the basis of how well-aligned portfolios are with the environmental commitments made by governments, including the Canadian […]
Phishing and ransomware attacks are among the top threats to pension plan sponsors and institutional investors by cyber criminals, according to Jennifer Williams, director of information security at the Healthcare of Ontario Pension Plan. “A common approach by cyber criminals begins with a simple phishing email designed to cause an employee to mistakenly action the […]
Board and executive-level efforts to integrate environmental, social and governance issues into pension plans’ investment strategies are frequently thwarted by unclear guidance from plan sponsors and uncertainty about fiduciary duties, according to a new working paper by the University of Pennsylvania. The paper concluded that efforts to implement ESG criteria in investment decision-making are frequently hamstrung […]
The Ontario Teachers’ Pension Plan and the Public Sector Pension Investment Board are part of a consortium making a binding offer to buy an Australian infrastructure investment company. The deal, which also includes the Toronto-based Kohlberg Kravis Roberts and Co., values the Spark Infrastructure Group at about AU$ 5.2 billion ($4.8 billion). It has already […]
Broad support for regulating environmental, social and governance-themed investments in Canada has left the U.S. Securities and Exchange Commission playing catch-up with its northern neighbour, says Katie Pries (pictured), president and chief executive officer of Northern Trust Canada. “While the U.S. Securities and Exchange Commission is working through its regulatory plans for ESG investing, Canada […]