The Canada Pension Plan Investment Board is selling a 49 per cent stake in a portfolio of China real estate projects for nearly $235 million. The assets are part of a joint venture with Chinese real estate company Longfor Group Holdings Ltd. and are being sold to an affiliate of Dajia Insurance Group Co. Ltd. The portfolio […]
The Financial Services Regulatory Authority of Ontario is closely monitoring administrative risk and pension plan sponsors’ geopolitical concerns in 2025, says Andrew Fung, the organization’s executive vice-president of pensions. He cites increasing non-investment management risks like fraud, identity theft, data breach, cybersecurity and the use of artificial intelligence as emerging risks that plan sponsors will […]
According to Statistics Canada, 80 per cent of Canadian public sector workers benefit from a respectable, life-long pension. However, for many private sector employees the quality of the pension plan available to them leaves much to be desired. The typical private sector pension is a defined contribution plan, which means employees bear the risk of […]
Brad Lander is advocating for public pension funds to enforce their responsible investment mandates even if that pits them against their partners. As New York City comptroller and chief financial officer, he’s the investment advisor and custodian for the city’s five public pension funds. In the role, he oversees the investment guidelines and allocations strategy […]
The Canada Pension Plan Investment Board is selling a portion of its stake in a real estate joint venture to its partner Unibail-Rodamco-Westfield SE. The investment organization’s partner is buying a 38.9 per cent stake in an off-market transaction, which will bring up its ownership stake to 89.9 per cent. According to a press release, […]
The Canada Pension Plan Investment Board is investing $1 billion in Korea-based data centres through its joint venture with the Pacific Asset Management Co. “The demand for data centres in [the Asia-Pacific region] has been on the rise, driven by the continued need for cloud computing and the increasing global adoption of artificial intelligence,” said […]
Walmart Inc. is rolling back its diversity, equity and inclusion policies, joining a growing list of major corporations that have done the same after coming under attack by conservative activists. The changes, confirmed by Walmart on Monday, are sweeping and include everything from not renewing a five-year commitment for a racial equity centre set up […]
Canadian fixed income yields are de-coupling from a sharp rise seen in the U.S. market, according to a new report from FTSE Russell. Despite a target interest rate cut of 50 basis points to 3.75 per cent from the Bank of Canada at the end of October, the market witnessed higher Canadian yields in October […]
Quebec’s pension fund manager says it is co-operating with U.S. authorities after three former employees were indicted in federal court in Brooklyn, N.Y., in an alleged scheme to give hundreds of millions of dollars in bribes to the Indian government. The former employees of the Caisse de dépôt et placement du Québec have been charged […]
The Pension Investment Association of Canada, alongside the Canadian Life and Health Insurance Association and the Portfolio Management Association of Canada, is asking the Senate to consider the impact of Bill C-281 on institutional investors and pension plan members. The legislation being reviewed by the Senate aims to restrict investments connected to the creation of a […]