Canada’s pension plan sponsors have a fiduciary responsibility to consider climate change in their financial decisions, according to Randy Bauslaugh, counsel for pensions and benefits and executive compensation at McCarthy Tétrault LLP, during a webinar hosted by the Canada Climate Law Initiative and the Canadian Pension & Benefits Institute. “The failure of plan administrators and […]
The Caisse de dépôt et placement du Québec is one of two organizations investing a total US$940 million in Phoenix Tower International, a U.S.-based wireless communications infrastructure provider. The investment will fund the company’s expansion in Europe as well as further growth in new and existing markets. The other investor is AMP Capital, an Australia-based […]
The Universities Academic Pension Plan is withdrawing control of its $2.7-billlion public equities portfolio from the Alberta Investment Management Corp. The withdrawal comes following ongoing discussions at the UAPP about the AIMCo’s public equities strategy and the investment manager’s volatility trading program that was wound down in 2020, says Geoffrey Hale, chair of the UAPP’s […]
The Alberta Investment Management Corp. is appointing the former head of the Canada Mortgage and Housing Corp. as its next chief executive officer. The investment manager said Evan Siddall (pictured) will officially start the job on July 1. He’ll succeed Kevin Uebelein, who has been CEO of the AIMCo since Jan. 1, 2015. Uebelein remains the CEO until June 30 and […]
The Ontario Teachers’ Pension Plan is appointing Tim Deacon (pictured) to succeed David McGraw as the plan’s new chief financial officer, effective April 19. He joins the Ontario Teachers’ after serving as group controller and global chief accounting officer at Manulife Financial Corp. Prior to that, Deacon was CFO of Manulife’s global wealth and asset management businesses […]
Irshaad Ahmad is now serving as Canada Post Corp.’s chief investment officer and vice-president of the Crown corporation’s pension fund. He joined Canada Post in February and brings more than 30 years of investment experience to the role, after serving as managing director and head of institutional Europe at Allianz Global Investors. Prior to that, […]
The Alberta Teachers’ Association says it’s taking legal action against a ministerial order enacted on several pension plans in the province in late December. In a press release, the association said its provincial executive council voted unanimously this week to file a lawsuit, acting on legal advice that identified an avenue for a challenge to […]
Investment management is an unusual business in that it doesn’t typically offer customers their money back if they’re unsatisfied with the product or service. This seems strange given how easily and objectively we can measure value added or destroyed. Of course, demanding a refund for poor investment performance may be more complicated than returning a […]
The Canadian Investment Review’s Investment Governance Award will go to a pension plan that has implemented improvements at the board, governance and/or policy level to improve outcomes for pension plan members and create greater efficiency. Highlights about the three finalists are available below: Desjardins Group Pension Plan The Desjardins Group Pension Plan has over $16 […]
How the life cycle works for investment management firms.