An advocacy group is calling on Canada’s public pension managers to use their financial heft to more publicly work to reduce climate change as political efforts become less reliable. In a new report, Shift Action for Pension Wealth and Planet Health says Canada’s big pension funds need to recognize the power and influence they wield and to […]
Large Canadian pension funds can create and capture value in financial markets by achieving scale in strategic markets, vertically integrating parts of the value chain and reducing fee drag, coordinating key stakeholder groups and creating internal synergies within their organization, according to a new report published in the Journal of Alternative Investments. It found venture […]
The Ontario Teachers’ Pension Plan is selling its stake in Copenhagen Airports A/S to co-shareholder Arbejdmarkedets Tillægspension. The Denmark-based investor has been a joint venture partner with the investment organization and co-owner of the airport since 2017. The financial details of the transaction weren’t disclosed. “We would like to thank ATP for their collaboration and […]
The Public Sector Pension Investment Board is appointing Patrick Charbonneau as its new chief investment officer, effective February 3, 2025. He’ll oversee portfolio design and beta management activities, the fund’s overall investment strategy and the treasury function. Charbonneau succeeds Alexandre Roy, senior managing director of total fund management at the investment organization, who served as […]
The Public Sector Pension Investment Board is reporting its London-based office real estate asset is fully leased. “We are delighted that 22 Bishopsgate has reached full occupancy, marking a significant milestone for this asset,” said Stéphane Jalbert, managing director and head of Asia-Pacific and Europe, real estate investments at PSP Investments, in a press release. […]
The Canada Pension Plan Investment Board is creating a new joint venture alongside Cyrela Brazil Realty to explore opportunities in the Brazilian real estate market. The two partners have established an investment target of $400 million, primarily to develop residential condominiums in São Paulo. In a press release, Ricardo Szlejf, managing director and head of […]
The Public Sector Pension Investment Board ended its fiscal year on March 31, 2024, generating a net return of 7.2 per cent, up from 4.4 per cent the previous fiscal year, according to its latest annual report. The investment organization held $264.9 billion in net assets under management, up 8.7 per cent from the end […]
The Caisse de dépôt et placement du Québec is investing $500 million in National Bank of Canada to support its acquisition strategy for Canadian Western Bank. The acquisition deal is worth $5 billion and will give National Bank a presence in Western Canada. Following the Caisse’s investment in National Bank, it will become the second […]
The Ontario Teachers’ Pension Plan is gaining a minority stake in a new financial entity resulting from a merger between Fairstone Bank of Canada and Home Trust Company. The new group will have a national branch and broker network to offer residential and commercial mortgages, personal loans, credit cards, retail financing, auto financing, digital lending […]
The Caisse de dépôt et placement du Québec is selling 1.3 per cent of the issued and outstanding common shares it holds of insurance provider Intact Financial Corp. The investment organization will sell about 2.3 million shares at a price of $227.10 per share, resulting in gross proceeds of approximately $525 million. Once the transaction […]