The Ontario Teachers’ Pension Plan is reporting a total-fund net return of 8.6 per cent for 2020, a year which has generated mixed financial results for Canada’s major pensions due to the impact of the coronavirus pandemic. The pension plan earned $18 billion in investment income in 2020 and its net assets reached $221.2 billion as at Dec. 31, 2020, […]
Despite adjustments to operations and investments during the coronavirus pandemic, Canada’s major pension plan leaders are maintaining a long-term view by looking ahead to a post-pandemic world. But we’re not out of the woods yet as Canada, and the rest of the world, are likely many months away from reaching herd immunity and thus life […]
The Ontario Teachers’ Pension Plan is acquiring a 40 per cent stake in Caruna, Finland’s largest electricity supplier. The pension will acquire a 20 per cent stake in the utility from First Sentier Investors and in a separate transaction, the Ontario Teachers’ and investment firm KKR & Co. Inc. will jointly acquire a 40 per cent holding […]
Canada’s largest pension plans are reporting mixed financial results from a year marked by the coronavirus pandemic. The Caisse de dépôt et placement du Québec reported a 7.7 per cent return on its depositors’ funds in 2020, representing $24.8 billion in investment results. As at Dec. 31, 2020, the Caisse’s net assets totalled $365.5 billion, up […]
The Ontario Municipal Employees Retirement System’s portfolio lost 2.7 per cent, net of expenses, last year as the coronavirus pandemic hammered its investments. According to the pension fund, widespread lockdowns in investments that included retail properties and the transportation and entertainment sectors explained more than half of the shortfall to its benchmark for the year. […]
A portfolio company of the Ontario Municipal Employees Retirement System’s infrastructure arm is entering a purchase agreement to acquire a 10-gigawatt solar project development platform. Through the deal, U.S.-based Leeward Renewable Energy will acquire the platform from First Solar Inc., which includes 773 megawatts of projects in California and the southern U.S. that are expected to […]
The Ontario Municipal Employees Retirement System’s infrastructure arm is selling its interest in DoProcess, an Ontario-based software provider for legal professionals. The sale will give full ownership to software producer Dye & Durham Ltd. and is expected to generate approximately $530 million for the OMERS, including $30 million of Dye & Durham common shares. The pension fund acquired […]
A group of Canadian pension plan investment managers is calling on companies to standardize their environmental, social and governance disclosure to help them in their investment decision-making and better assess and manage their risks. Together, the eight fund managers oversee a total of about $1.6 trillion in assets and are committing to strengthening ESG disclosure within […]
The Public Sector Pension Investment Board is part of a group investing $1 billion in Convex Group Ltd., a specialty insurer and reinsurer. In April 2019, Convex launched with $1.7 billion of committed capital. Its initial invested capital was raised from its management team, Onex Partners V, the PSP and a consortium of co-investors. The additional capital has been committed by the original investors, […]
The Ontario Municipal Employees Retirement System’s infrastructure arm is selling its interest in the Detroit River tunnel partnership to Canadian Pacific. The sale, which will give CP full ownership of the rail tunnel, is expected to generate approximately US$312 million for the OMERS. “We are very proud of the value we have created with this […]