The Canadian M&A market continued its momentum into the fourth quarter of 2010, making it the third successive quarter of increased M&A activity in terms of both transaction volume and value, according to the Financial Post Crosbie: Mergers & Acquisitions in Canada database. Riding on the back of the announcement of 302 transactions, the value […]
Take our poll on the issue. This week, Michael Nobrega, CEO of the Ontario Municipal Employees Retirement System, went on the record saying that the government should open up the administration of the new pooled registered pension plans (PRPPs) to more than just “regulated financial institutions.” “Right now, it’s insurance companies and the banks,” Nobrega […]
The president of CUPE Ontario thinks the lawsuit launched by Toronto Hydro against OMERS that seeks to overturn the decision to limit a newly in force contribution cap is an “outrageous attack on the pensions of hard-working Ontarians. “That Toronto Hydro executives are using the hard-earned dollars Torontonians pay for electricity to sue the OMERS […]
A new cap on contributory earnings for members of OMERS went into effect on Jan. 1, 2011, and Toronto Hydro isn’t happy about it. The utility provider has filed a lawsuit against the pension system. According to an OMERS representative, “the OMERS Sponsors Corporation (SC), through its annual review cycle, is responsible for any changes […]
The Ontario Municipal Employees Retirement System has posted a healthy 12% return for 2010, with net assets rising to $53.3 billion as of December 31, 2010, up from $47.8 billion at the end of 2009. “OMERS achieved excellent investment results in 2010, supporting our mission of creating surplus wealth for plan members and sponsors,” said […]
The Ontario Teachers Pension Plan (Teachers’) confirmed on October 28, that its directors on the board of Maple Leaf Foods—a company in which Teachers’ is a long-time major shareholder of—have resigned. Wayne Kozun, the pension fund’s senior vice-president of public equities, and William Royan, its vice-president of relationship investing, were the two board members who […]
OMERS has teamed up with a Dutch pension fund in a venture capital program aimed at knowledge economy start-ups in both Canada and the Netherlands. The Netherland’s Stichting Pensioenfonds ABP (ABP) and OMERS have launched INKEF Capital, a 15-year program intended to deploy €200 million in both countries over the first five years. An acronym […]
The Caisse’s real estate portfolio posted a -15.8% loss.
Other Brieflies this week:| MON | TUE | WED | THU | FRI | The private equity arm of the Ontario Municipal Employees Retirement System (OMERS) has appointed Mark Redman as senior managing director for Europe. Redman will be responsible for Omers Private Equity’s (OPE) direct investment strategy across Europe and will build the investment […]