Microsoft Corp. is pushing back its return-to-office date in the U.S. indefinitely amid rising uncertainty due to the ongoing coronavirus pandemic. While the technology company had originally planned to reopen its Redmond, Wash., headquarters and other U.S. offices on Oct. 4, those plans have “shifted,” according to a company blog post written by Jared Spataro, […]
The Ontario Teachers’ Pension Plan is appointing entrepreneur and venture capitalist Avid Larizadeh-Duggan to serve as the managing director of its Teachers’ Innovation Platform in Europe, the Middle East and Africa. In the new role, Larizadeh-Duggan will lead efforts to focus the platform on late-stage venture and growth equity investments in leading-edge technology companies based […]
The Public Sector Pension Investment Board is buying a majority stake in a passenger rail sector business it’s been invested in for the past 13 years. According to the terms of the deal, PSP Investments and asset management company Amber Infrastructure Group Holdings Ltd. will buy a 51 per cent stake in Angel Trains Ltd. […]
The Canada Pension Plan Investment Board and the Ontario Teachers’ Pension Plan are among the 20 largest pension funds in the world in terms of assets under management, according to a new report from the Thinking Ahead Institute. The not-for-profit investment research organization’s report, which was based on figures from the end of 2020, ranked […]
The Alberta Investment Management Corp. has reached an investment management agreement with the Alberta Teachers’ Retirement Fund Board following a protracted period of negotiation. The agreement will see the Alberta Teachers’ assets, valued at $19.1 billion in its 2020 annual report, transferred to the custody of the AIMCO. According to Rod Matheson, the Alberta Teachers’ […]
Nearly four in 10 (39 per cent) U.S. employers said they don’t expect their organization will return to the workplace and end coronavirus pandemic-related policies and programs until the second quarter of 2022, according to new a survey by Willis Towers Watson. The survey, which tracked more than 900 American employers’ coronavirus pandemic reopening and vaccination […]
The Toronto Transit Commission Pension Plan is naming Anthony Tang as its portfolio manager of public markets. In the new role, Tang will oversee about 39 per cent of the $8-billion plan’s total assets under management. As of its most recent investment report, published in 2020, the TTC’s pension plan had about $3.12 billion under […]
The Alberta Investment Management Corp. is investing in an Australian agricultural company. The AIMCo and Australian investment management firm New Forests Ltd. will co-own Lawson Grains. The company produces more than 200,000 tonnes of cereals and vegetable oils per year. It operates out of about 100,000 hectares of farmland spread across New South Wales and Western […]
A report from the Chicago Police Department Pension Board Accountability Group is accusing the management of the Policemen’s Annuity and Benefit Fund of Chicago of providing little transparency to plan members and mismanaging funds. The pension board accountability group hired forensic auditor Christopher Tobe to conduct an audit. The report accuses the defined benefit plan’s board […]
Benefits Canada is pleased to announce the finalists of the 2021 Workplace Benefits Awards. This year’s entry and judging process took place during the second year of the coronavirus pandemic, the annual awards welcomed more than 100 entries highlighting how leading employers are supporting their employees’ physical, mental and financial well-being. In its sophomore year, the awards’ newest category — Coronavirus […]