While politics plays a role in most investment decisions, it tends to arise on a fairly localized basis, says Michael Craig, head of the asset allocation and derivatives teams at TD Asset Management Inc. In addition, its prominence as a factor usually rises and falls on a cycle, slipping easily off investors’ radar in times […]
The majority of institutional investors believe the Russian invasion of Ukraine will be the catalyst of a period of high inflation and low employment around the globe, according to new survey by London-based CoreData Research. The survey, which polled 200 global institutional investors, found about a fifth (18 per cent) of respondents believe the invasion […]
An article on how employers can support workers as a record number of Canadians prepare to retire was the most-read story on BenefitsCanada.com over the last week. Here are the five most popular news stories of the week: 1. How employers can support workers as record number of Canadians near retirement 2. Best Buy adopting remote working-first approach […]
Canada’s defined benefit pension plans saw average losses of 5.5 per cent in the first quarter of 2022, according to a new report by RBC Investor and Treasury Services. During the quarter, DB plans saw their largest overall contraction of worth since the first quarter of 2020. In a press release, Niki Zaphiratos, managing director of […]
The Ontario Teachers’ Pension Plan is investing in a unicorn firm behind a popular European tax app. The pension fund’s private equity subsidiary Teachers’ Venture Growth served as the lead investor in a US$220 million investment round for Taxfix. As a result of the capital infusion, the Berlin-based software provider’s valuation surpassed US$1 billion. Founded […]
The Investment Management Corp. of Ontario saw returns of 9.6 per cent in 2021, according to its annual report. The IMCO’s assets under management rose $5.7 billion during the year, reaching $79 billion. The year’s returns weren’t evenly distributed, as client pension plan gains ranged from 0.1 per cent to 11.2 per cent depending on […]
An announcement regarding long-awaited amendments to the Patented Medicines Review Board regulations was the most-read story on BenefitsCanada.com over the last week. Here are the five most popular news stories of the week: 1. PMPRB drug pricing regulations officially coming into effect this July 2. Key stakeholders highlighting value of private payer health care amid plans for […]
The Ontario Teachers’ Pension Plan is renaming its venture capital and global private equity arm. Previously known as the Teachers’ Innovation Platform, the arm will now operate as Teachers’ Venture Growth. The change aims to make TVG’s purpose clearer to would-be investees, according to a press release. The platform launched in 2019, beginning with an […]
The Canada Pension Plan Investment Board is one of 12 pension funds being targeted by calls to divest holdings in a KKR fund. The United Food and Commercial Workers International Union has published a website calling for pension plans to divest from the KKR’s Asian Fund III. The controversy around the fund relates to its […]
The Ontario Municipal Employees Retirement System is selling its maritime infrastructure subsidiary. The deal with VINCI Concessions Canada Inc. will see the OMERS hand off BPC Maritime Corp., which the pension fund has held as a wholly owned subsidiary since 2003. While the exact terms of the deal weren’t disclosed, the BPC will retain its 65.1 […]