The Ontario Municipal Employees’ Retirement System’s assets grew by 4.2 per cent to $124.2 billion in 2022, according to its annual results. “Our significant allocations to private investments and focus on short-term credit over long-term bonds protected OMERS from the worst period of market losses incurred by investors since the 2008 global financial crisis,” said […]
The Caisse de dépôt et placement du Québec generated average returns of negative 5.6 per cent in 2022. “The year 2022 provided an environment filled with several challenges, with spiking inflation, historic interest rate hikes by central banks and rising geopolitical tensions,” said Charles Emond, the Caisse’s president and chief executive officer, during a press briefing […]
The OPSEU Pension Trust is selling its stake in an environmental waste management company. The OPTrust, which first bought an equity stake in Environmental 360 Solutions Inc. in 2020, is one of several institutional investors selling its shares to Blackrock Inc.’s alternatives fund. Environmental 360 Solutions Inc. is an end-to-end environmental management solutions provider to municipal […]
Amid the unprecedented events of the last three years, the Colleges of Applied Arts and Technology pension plan has remained on course with its investment strategies, according to Asif Haque, the plan’s chief investment officer. “We held our focus on the key goal of the CAAT’s investment program. . . . The plan’s diversified asset […]
The Caisse de dépôt et placement du Québec is acquiring a 50 per cent interest in the A25 Concession, a 7.2 kilometre toll road and bridge network that serves the Greater Montreal transportation network. Through the transaction, which is valued at $355 million, the Caisse will have co-control of the network through a partnership with Transurban, a […]
The average funding ratio for U.S. public pension plans increased to 77.8 per cent in 2022 with the majority (68 per cent) of pensions’ revenue coming from investment returns, according to a new survey by the National Conference on Public Employee Retirement Systems. The 12th annual public retirement systems study received responses from 195 state and […]
More than two-thirds (68 per cent) of global institutional investors say they plan to maintain allocations to private markets in line with current targets, despite the potential for rising interest rates to reduce the attractiveness of the highly-leveraged asset class, according to a new survey by State Street Corp. The survey, which polled 480 institutional […]
Despite the challenging economic environment, Canadian defined benefit pension plans saw a median return of 4.27 per cent in the fourth quarter of 2022, according to BNY Mellon’s Canadian master trust universe. The universe, which is based on $290.3 billion worth of assets under management across 84 corporate, public and university pension plans, found the one-year median […]
Institutional investors should be adopting innovative thematic approaches to derive more value from private markets, according to Nelson Lam, senior vice-president of equity and alternative investments at Trans-Canada Capital Inc., during a session at the Canadian Investment Review‘s 2022 Investment Innovation Conference. “Why private markets? There’s at least 10-times as many private companies as public […]
The Public Sector Pension Investment Board is appointing Oliver Duff as senior vice-president of global head of credit investments. Duff joined PSP Investments in 2016 and was previously the organization’s managing director of private debt. Prior to joining the PSP, he was the global head of leveraged finance and European head of capital financing at HSBC Bank. The […]