The University Pension Plan posted 9.1 per cent losses in 2022, according to its annual report. During the year, the jointly sponsored defined benefit pension plan’s assets declined from $11.8 billion to $10.8 billion. The plan finished the year with a solvency ratio of 103.3 per cent, down from 111 per cent at the end […]
“Everyone on stage agrees on one thing — [environmental, social and governance] integration is just smart,” said moderator Francisca Quinn, co-founder and president of Quinn and Partners Inc., during a panel at the 2023 Responsible Investment Association conference last week. She was joined by representatives of two Canadian public sector investment organizations with very different […]
The Caisse de dépôt et placement du Québec is investing $125 million in a Quebec-based software developer best known for products supporting digital workplaces. The investment in GSoft Inc. follows the company’s launch of two digital software suites aimed at supporting work-from-home business models. ShareGate aims to improve information technology services and Officevibe seeks to […]
On April 12-14, a group of defined benefit pension plan sponsors, asset managers and academics gathered at the Fairmont Chateau Whistler in British Columbia for the 2023 Global Investment Conference. Over the course of three days, presenters discussed whether the Canadian pension model remains fit for purpose in a period defined by central bank intervention, […]
“Investing in private markets comes with its fair share of challenges,” said Rémi Tétreault, director of client solutions at Trans-Canada Capital Inc., during the Canadian Investment Review’s 2023 Global Investment Conference. “There’s operational complexity, capital calls and distributions. You’ve got the selection of the right general partners . . . and there’s the challenge of […]
The Ontario Municipal Employees’ Retirement System’s private equity arm is backing the series B investment round for a U.S. medical company specializing in surgical and cancer care. Carrum Health, a health-care platform for self-funded employers, secured US$45 million from investors during the funding round, with OMERS Growth Equity serving as the lead investor. The digital platform, which […]
A renewable energy company owned by the Investment Management Corp. of Ontario is securing a £175 million credit facility. Pulse Clean Energy, which was formerly known as Green Frog Power, will use the three-year facility to fund the expansion of its battery storage capacity in the U.K. The battery storage facilities are used to store […]
An article on American Express Canada’s onsite counselling service was the most-read story on BenefitsCanada.com over the last week. Here are the five most popular news stories of the week: 1. Amex Canada supporting employee well-being with onsite counselling, enhanced mental-health resources 2. Majority of millennial, gen Z workers more likely to stay with employers that provide benefits: […]
A pair of surveys on the state of Canadian workers’ mental health were among the most-read stories on BenefitsCanada.com over the last week. Here are the five most popular news stories of the week: 1. Survey finds 40% of Canadian gen Z employees at a mental-health ‘breaking point’ 2. Survey finds 40% of workers taking time off due […]
With eight billion people consuming the planet’s resources, assets such as clean energy and sustainable agriculture are becoming increasingly important to institutional investors, said John Cook, senior vice-president, portfolio manager and co-lead of the Greenchip team at Mackenzie Investments, during a session at Benefits Canada‘s 2023 DC Plan Summit. Each year, it takes roughly 13.5 billion tons […]