The Canada Pension Plan Investment Board has laid off at least five investment professionals at its Hong Kong office as it steps back from deals in China, according to a report by Reuters. Most of the employees were on the fund’s private equity team and were informed early last month, said the report, citing three […]
The Ontario Teachers’ Pension Plan is reporting a total fund net return of 1.9 per cent for the six-month period ended June 30, 2023. The 12-month total fund net return was 4.8 per cent while net assets increased to $249.8 billion, according to a press release, which noted the five- and 10-year annualized total fund […]
Despite the prevalence of farming in its home province, the Alberta Investment Management Corp.’s agricultural portfolio is just 13 years old, the product of a 2010 investment in converted farmland held by Australian timber producer Great Southern Group. The properties proved too arid for tree growth and were converted back to croplands for canola, wheat […]
The Ontario Teachers’ Pension Plan is entering into a definitive agreement to sell its majority shareholding in Ireland’s national lottery operator. The pension fund is selling Premier Lotteries Ireland Ltd., which is headquartered in Dublin, to La Française des Jeux, a lottery and online gaming operator for an undisclosed amount. As part of the transaction, PLI’s other […]
Five Canadian pension funds are among the most transparent in the world, according to the global pension transparency benchmark, a collaboration between Top1000funds.com and CEM Benchmarking Inc. The benchmark, launched in 2021, measures the transparency of disclosures of 15 pension systems across measurements such as cost, governance, performance and responsible investing. The Canada Pension Plan […]
The Ontario Municipal Employees’ Retirement System’s infrastructure arm, alongside APG Asset Management on behalf of Dutch pension fund ABP, is signing an agreement to acquire an energy infrastructure solutions business. Kenter, which was previously owned by Alliander Corporate Ventures, provides medium-voltage infrastructure, including transformers and switchgear, and metres to more than 25,000 commercial and industrial […]
The Ontario Teachers’ Pension Plan is appointing Bruce Crane as executive managing director and head of Asia-Pacific, effective immediately. He will lead investment activities and portfolio management across the Ontario Teachers’ offices in Hong Kong, Mumbai and Singapore. Crane joined the pension fund in 2020 as its first employee in the Singapore office. In the new […]
The real estate arm of the Caisse de dépôt et placement du Québec is making its first investment in alternative industrial assets through a partnership with a self storage company. The US$400-million strategic partnership between Ivanhoé Cambridge and Safely Store Self Storage Inc. will make targeted investments in the U.S. self storage sector. Its first […]
Considering women account for just over half of the population, Andrew MacDougall understands why — taken in isolation — the state of female representation at the top level of Canada’s public companies can seem a little underwhelming. According to the most recent round of disclosures, around 34 per cent of seats on the boards of […]
The Caisse de dépôt et placement du Québec is entering a strategic agricultural partnership with an Australian government bank. The investment organization and the Clean Energy Finance Corp. will launch an investment platform targeting farmland across Australia. The platform will make an initial allocation of $178 million over the next three years and its assets […]