The Public Sector Pension Investment Board is entering a joint venture to invest in life sciences facilities in the U.K. The institutional investor and its partners, Longfellow Real Estate Partners and Norges Bank Investment Management, will invest £1.5 billion in sites located in Cambridge, Oxford and London. PSP Investments and Longfellow originally entered a similar partnership […]
The Ontario Teachers’ Pension Plan is opening an office in Mumbai, India, which will be headed up by Deepak Dara, currently chief of staff to the pension fund’s chief investment officer. According to a press release, the Ontario Teachers’ expects the new office to help source investments, nurture long-term partnerships and attract local talent. It […]
Six of the leading Canadian pension asset managers are sharing details of their energy transition strategies in a new report by the Investor Leadership Network. The report, which highlights the complexity of climate transition investing, received contributions from the Alberta Investment Management Corp., the Caisse de dépôt et placement du Québec, the Canada Pension Plan […]
A survey on employee attitudes towards remote working was the most-read story on BenefitsCanada.com over the last week. Here are the five most popular news stories of the week: 1. Survey finds 78% of Canadian employees prefer working from home 2. 84% of stressed Canadian employees saving less than 5% of their pay: survey 3. ‘Quiet quitting’ a rallying […]
The Ontario Teachers’ Pension Plan is investing in a packaging company servicing European and North American businesses, as well as an Indian renewable energy platform. The pension fund is securing its stake in GPA Global from EQT Private Equity and several smaller shareholders. Following the transaction, the Ontario Teachers’ will share control of the business […]
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 world’s largest pension funds saw assets increase by 8.9 per cent in 2021, according to a report by WTW’s the Thinking Ahead Institute. The report, which drew on data from the 300 largest pension funds in the world, found these funds’ combined assets under management reached US$23.6 trillion by the end of 2021. The […]
The Ontario Teachers’ Pension Plan is allocating $5 billion to businesses with high-carbon emissions, according to its annual responsible investing and climate strategy report. “Recognizing the urgency of the climate crisis, we have committed to actively investing in select emissions intensive assets with the express goal of helping them decarbonize faster,” wrote Zlad Hindo, chief […]
A Barbadian company is acquiring the life insurance business of a company in which the Canada Pension Plan Investment Board has a majority stake. According to the terms of the deal, Sagicor Financial Co. Ltd. will acquire Ivari, a subsidiary of Wilton Re Ltd., for US$325 million. The CPPIB has held a majority stake in […]
The Ontario Teachers’ Pension Plan is reporting a total fund net return of 1.2 per cent for the six-month period ended June 30, 2022. The 12-month total fund net return was 8.3 per cent while net assets grew to $242.5 billion, according to a press release, which noted the five- and 10-year annualized total fund […]