The announcement Benefits Canada‘s 2022 Workplace Benefits Awards’ finalists was the most-read story on BenefitsCanada.com over the last week. Here are the five most popular news stories of the week: 1. Which employers are finalists in the 2022 Workplace Benefits Awards? 2. Class action suit against Indian solar business backed by Caisse, OMERS seeking lead plaintiff 3. OMERS appointing […]
The Ontario Municipal Employees’ Retirement System has until the end of October to decide if it will serve as the lead plaintiff in a class action suit brought against an Indian solar energy sector business. The lawsuit, which charges Azure Power Global Ltd. and several of its current and former executives with violations of the […]
The Ontario Municipal Employees’ Retirement System is appointing Irini Kalamakis as senior managing director and global head of strategic partnerships. In the new role, Kalamakis will join OMERS Infrastructure’s global management committee and report to Annesley Wallace, global head of infrastructure, according to a press release, which also noted she’ll be responsible for expanding the […]
An analysis of submissions made to the U.S. Securities and Exchange Commission reveals a sharp divide between the opinions of institutional investors and corporate executives when it comes to a proposal to standardize corporate climate disclosures. “Comments from different parties did not always fall along corporates versus investors, though some did,” wrote Subodh Mishra, global […]
The Ontario Municipal Employees’ Retirement System is reporting a net investment return of negative 0.4 per cent — or a loss of $500 million — for the first half of 2022. During the period, the OMERS earned a net investment return of six per cent — or a gain of $6.7 billion — after reporting […]
The Ontario Municipal Employees’ Retirement System is investing in an Arizona-based solar energy business. In a deal reached with Clairvest Group Inc., the institutional investor secured a minority stake in NovaSource Power Services, which provides solar panel servicing for industrial and residential customers and manages 20 gigawatts of solar assets. Following the transaction, Clairvest will […]
The Caisse de dépôt et placement du Québec is leading a funding round for a customer engagement software provider. During a US$105 million investment round for CleverTap, a California-based company providing a subscription-based online marketing platform to 1,200 digital consumer brands, the investment organization provided US$75 million. According to a press release, the funds will […]
The Public Sector Pension Investment Board is selling a portion of its stake in a talent agency expanding into the marketing advisory sector. Controlling interest in the United Talent Agency Inc., which represents film and television actors, musicians, athletes and podcasters, will pass to the EQT Group’s private equity fund. A portion of the equity […]
The Alberta Investment Management Corp. is part of a joint venture acquiring a portfolio of U.K.-based residential apartment assets under construction. In a deal reached with Angelo, Gordon and Co., the joint venture, which also includes Ridgeback Capital Management, will secure five under-construction apartment complex properties. The portfolio includes properties in Birmingham, Cardiff and Sheffield, […]
An expert panel about the impact of environmental, social and governance-focused target-date funds on capital accumulation plans was the most-read story on BenefitsCanada.com over the last week. Here are the five most popular news stories of the week: Expert panel: How ESG-focused TDFs could impact workplace CAPs CPPIB investing in discount grocery chain, OMERS acquiring infrastructure […]