Manitoba’s Teachers’ Retirement Allowances Fund returned negative 0.42 per cent in 2022, exceeding its benchmark return of negative 5.04 per cent. “While we are pleased with these short-term results, our longer-term results are equally favourable,” said Jeff Norton, the TRAF’s president and chief executive officer, in its annual report. “Over the past 20 years to […]
U.S. state and municipal pension funds are on track to miss investment targets and are unlikely to see meaningful improvements in their unfunded liabilities or funded ratios in 2023, according to a new report by the Equable Institute. The report, which analyzed trends in benefits, cash flows, contributions, funding and investments at 225 of the […]
The Caisse de dépôt et placement du Québec is investing in a Quebec-based company that develops, sells and rents pre-fabricated modular buildings for the educational market. According to a press release, the investment will enable AMB Modulaire, in which Lise Bernier and Jacques Latreille have been shareholders for more 15 years, to finalize the transfer process […]
Canada Post Corp.’s defined benefit pension plan’s assets declined 6.7 per cent in 2022, according to its latest annual report “2022 was a turbulent year for financial markets,” said Jan Faryaszewski, chief financial officer at the Canada Post pension plan, in the report. “The DB component of the plan fell from $32.3 billion to $29.5 […]
Salvatore Iacono will succeed John Sullivan as president and chief executive officer of Cadillac Fairview, the real estate arm of the Ontario Teachers’ Pension Plan, effective November. Iacono joined the real estate investment organization in 2018 and is currently its executive vice-president of operations. In the position, he’s responsible for overseeing the retail, office and mixed-use […]
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 […]
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, 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 remaining […]
Housing affordability will be a challenge, particularly for newcomers to Canada — pushing more of that demographic into the rental market, said Aaron Pittman, head of institutional at Equiton, during the Canadian Investment Review‘s 2023 Global Investment Conference. With 20 per cent of the Canadian workforce expected to retire over the next 10 years and a […]