The Ontario Teachers’ Pension Plan is launching a venture capital investment platform to support companies using technology to create new sectors or disrupt existing ones. Called the Teachers’ Innovation Platform, it will make late-stage venture capital and growth equity investments. Olivia Steedman, a founding member of the Ontario Teachers’ infrastructure and natural resources group, will head up […]
As the British Columbia Investment Management Corp. released its 2018 annual responsible investing report, it also announced it made the list of the top 25 most responsible asset allocators. The 25 most responsible asset owner list was released by the New America’s Responsible Asset Allocator Initiative, which was announced at the World Bank’s annual spring […]
OMERS Ventures, the venture capital investment arm of the Ontario Municipal Employees Retirement System, is expanding into Europe with the launch of a 300 million euro fund. Focusing on innovative technology startups, the fund’s aim is to support a multi-year global strategy for OMERS, following a major uptick in startup activity in Europe, according to a release. […]
The OPSEU Pension Trust is partnering with several investment firms to buy three buildings in the downtown Toronto financial district. The properties are anchored to the Dynamic Funds Tower, the OPTrust’s current corporate headquarters. The other investors include the Great-West Life Real Estate Fund, the London Life Real Estate Fund and I.G. Investment Management Ltd. […]
The Royal Canadian Mounted Police is charging a 60-year-old London, Ont., woman after an investigation revealed she benefited from her parents’ pension payments long after they passed away. Gladys O’Brien is facing three counts of fraud over $5,000, two counts of theft over $5,000 and possession of proceeds of crime. The RCMP began investigating O’Brien in October 2017 when it received […]
Employees at a seniors’ residence in Hamilton, Ont., are asking the facility’s owner, the Ontario Teachers’ Pension Plan, to provide them with better pay and a pension. The staff at Amica Dundas, which include registered practical nurses, personal support workers, as well as dietary and custodial staff, currently have no pension plan and lower wages compared […]
The Ontario Teachers’ Pension Plan is taking part in a US$1 billion investment round, led by global technology investor Silver Lake, into Verily, a business owned by Alphabet Inc. Verily’s business involves research and engineering pertaining to improving health-care outcomes. The investment will add to Verily’s capacity to develop strategic partnerships, global business development opportunities and […]
The Ontario Teachers’ Pension Plan is appointing Steve McGirr as its new chair beginning January 2019. McGirr will replace Jean Turmel, the current chair, whose term expires at the end of the year. Serving as a board member since 2015, McGirr is currently chair of the governance committee, vice-chair of the investment committee and a […]
The Ontario Teachers’ Pension Plan is entering into a partnership with Fleet Complete, a Toronto-based software company in the vehicle space. The company provides GPS tracking solutions for enterprises using multiple vehicles for shipping, delivery and transportation in order to optimize efficiency. The Ontario Teachers’ is purchasing private equity in the company from current shareholder Madison Dearborn […]
The Ontario Teachers’ Pension Plan is making three changes to its team through internal promotions. Steve Saldanha will be managing director of portfolio management and asset allocation. He joined the pension fund in 2006 and was previously director of global tactical asset allocation for the capital markets team. Jacky Lee will be managing director of portfolio analytics and […]